ITT (NYSE:ITT) Insider Lori Marino Sells 7,123 Shares of Stock

ITT Inc. (NYSE:ITT) insider Lori Marino sold 7,123 shares of ITT stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the transaction, the insider owned 8,729 shares of the company’s stock, valued at $1,817,988.83. This represents a 44.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

ITT Trading Down 0.6%

Shares of ITT stock opened at $205.64 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01. ITT Inc. has a 1 year low of $145.41 and a 1 year high of $225.26. The company has a market capitalization of $18.38 billion, a P/E ratio of 36.27, a P/E/G ratio of 1.95 and a beta of 1.32. The business has a 50 day moving average price of $201.31 and a 200 day moving average price of $190.84.

ITT (NYSE:ITT) last issued its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm posted $1.45 EPS. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Sell-side analysts anticipate that ITT Inc. will post 7.89 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be paid a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 8th. ITT’s payout ratio is presently 27.16%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ITT. Amundi boosted its holdings in shares of ITT by 22,565.6% in the first quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after acquiring an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of ITT by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after acquiring an additional 28,937 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of ITT in the 1st quarter valued at approximately $360,000. Focus Partners Wealth lifted its position in shares of ITT by 80.7% in the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after acquiring an additional 3,515 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in ITT in the 2nd quarter worth approximately $1,880,000. 91.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Stifel Nicolaus set a $246.00 price objective on shares of ITT in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research report on Tuesday, April 21st. KeyCorp boosted their price objective on shares of ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Citigroup upped their target price on shares of ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a research note on Saturday. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $234.91.

About ITT

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company’s operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.