ITT (NYSE:ITT) CAO Sells $41,682.00 in Stock

ITT Inc. (NYSE:ITT) CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction on Thursday, May 7th. The stock was 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 of the company’s stock, valued at $1,637,894.19. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ITT Price Performance

ITT stock traded down $1.66 during trading on Friday, hitting $206.13. The stock had a trading volume of 651,692 shares, compared to its average volume of 936,615. The company’s 50 day moving average price is $201.24 and its two-hundred day moving average price is $190.14. ITT Inc. has a 1-year low of $142.64 and a 1-year high of $225.26. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 2.04 and a beta of 1.32. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.07 and a current ratio of 1.53.

ITT (NYSE:ITT) last announced its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $1.45 EPS. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, sell-side analysts forecast that ITT Inc. will post 7.9 EPS for the current fiscal year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.386 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. ITT’s dividend payout ratio is currently 27.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ITT shares. Citigroup upped their price objective on shares of ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday. Barclays boosted their target price on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday. The Goldman Sachs Group started coverage on shares of ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 target price for the company. Stifel Nicolaus set a $246.00 target price on shares of ITT in a research report on Thursday. Finally, Robert W. Baird set a $246.00 target price on shares of ITT in a research report on Thursday. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.00.

Institutional Trading of ITT

A number of institutional investors and hedge funds have recently bought and sold shares of ITT. Elyxium Wealth LLC acquired a new stake in ITT during the 4th quarter worth approximately $29,000. Bayban acquired a new stake in ITT during the 4th quarter worth approximately $31,000. Parkside Financial Bank & Trust increased its position in ITT by 62.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 76 shares in the last quarter. Entrust Financial LLC acquired a new stake in ITT during the 4th quarter worth approximately $36,000. Finally, Quent Capital LLC purchased a new position in ITT in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

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.