ING Groep NV Purchases New Shares in ITT Inc. $ITT

ING Groep NV purchased a new stake in ITT Inc. (NYSE:ITT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,800 shares of the conglomerate’s stock, valued at approximately $2,741,000.

Other institutional investors have also added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in ITT in the 4th quarter valued at $29,000. Triumph Capital Management bought a new stake in ITT in the 3rd quarter valued at $37,000. Entrust Financial LLC bought a new stake in ITT in the 4th quarter valued at $36,000. Measured Wealth Private Client Group LLC bought a new stake in ITT in the 3rd quarter valued at $43,000. Finally, V Square Quantitative Management LLC bought a new stake in ITT in the 4th quarter valued at $64,000. 91.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ITT

In related news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction 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 completion of the sale, the insider owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the sale, the chief accounting officer directly owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ITT. The Goldman Sachs Group began coverage on ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 target price for the company. BMO Capital Markets began coverage on ITT in a research report on Friday, March 27th. They set an “outperform” rating and a $233.00 target price for the company. Weiss Ratings downgraded ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. DA Davidson upped their target price on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Barclays upped their target price on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $234.91.

ITT Stock Up 0.7%

Shares of NYSE:ITT opened at $192.34 on Wednesday. ITT Inc. has a 52-week low of $149.02 and a 52-week high of $225.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The business’s 50 day simple moving average is $203.50 and its two-hundred day simple moving average is $192.25. The firm has a market cap of $17.20 billion, a P/E ratio of 33.92, a PEG ratio of 1.80 and a beta of 1.27.

ITT (NYSE:ITT) last posted its earnings results 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 company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the company earned $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, research analysts forecast that ITT Inc. will post 7.9 EPS for the current fiscal year.

ITT Announces Dividend

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

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.