ITT Inc. $ITT Shares Bought by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. raised its position in shares of ITT Inc. (NYSE:ITT) by 24.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,710 shares of the conglomerate’s stock after buying an additional 52,710 shares during the period. Bowen Hanes & Co. Inc.’s holdings in ITT were worth $50,626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC acquired a new position in ITT during the 4th quarter worth about $29,000. Bayban acquired a new position in ITT in the 4th quarter valued at about $31,000. Parkside Financial Bank & Trust increased its stake in ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 76 shares during the period. Triumph Capital Management purchased a new stake in ITT during the third quarter worth about $37,000. Finally, Entrust Financial LLC acquired a new stake in shares of ITT during the fourth quarter worth about $36,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value of $41,682.00. Following the transaction, the chief accounting officer directly owned 7,859 shares in the company, valued at $1,637,894.19. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the sale, the insider directly owned 8,729 shares in the company, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ITT shares. Robert W. Baird set a $246.00 price objective on shares of ITT in a research note on Thursday, May 7th. Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. The Goldman Sachs Group initiated coverage on shares of ITT in a research report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price target for the company. Citigroup boosted their price target on shares of ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Stifel Nicolaus upped their price objective on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $234.75.

ITT Trading Up 1.2%

NYSE ITT opened at $195.30 on Friday. ITT Inc. has a 52 week low of $157.66 and a 52 week high of $225.26. The firm has a 50 day moving average of $192.85 and a two-hundred day moving average of $195.63. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $17.46 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 1.82 and a beta of 1.27.

ITT (NYSE:ITT) last announced its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The company’s revenue was up 32.7% on a year-over-year basis. During the same period last year, the business earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, research analysts expect that ITT Inc. will post 7.89 EPS for the current fiscal year.

ITT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 8th were issued a $0.386 dividend. The ex-dividend date was Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s dividend payout ratio is presently 27.16%.

ITT Company Profile

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.