ITT Inc. $ITT Shares Purchased by Panagora Asset Management Inc.

Panagora Asset Management Inc. boosted its position in ITT Inc. (NYSE:ITT) by 10,900.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 388,435 shares of the conglomerate’s stock after purchasing an additional 384,904 shares during the quarter. Panagora Asset Management Inc.’s holdings in ITT were worth $67,397,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in ITT in the fourth quarter worth approximately $29,000. Parkside Financial Bank & Trust lifted its position in ITT by 62.8% in 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 acquired a new stake in ITT in the third quarter worth approximately $37,000. Entrust Financial LLC acquired a new stake in ITT in the fourth quarter worth approximately $36,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in ITT in the third quarter worth approximately $43,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Price Performance

NYSE ITT opened at $188.59 on Monday. The stock has a market capitalization of $16.86 billion, a P/E ratio of 33.26, a P/E/G ratio of 1.78 and a beta of 1.27. ITT Inc. has a 1 year low of $149.02 and a 1 year high of $225.26. The business’s fifty day moving average is $203.39 and its two-hundred day moving average is $192.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53.

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

ITT Dividend Announcement

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

Insider Buying and Selling at ITT

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

Analyst Upgrades and Downgrades

ITT has been the subject of a number of research analyst reports. Stifel Nicolaus set a $246.00 target price on ITT in a research report on Thursday, May 7th. DA Davidson upped their target price on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Weiss Ratings downgraded ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Robert W. Baird set a $246.00 price target on ITT in a report on Thursday, May 7th. Finally, BMO Capital Markets initiated coverage on ITT in a report on Friday, March 27th. They issued an “outperform” rating and a $233.00 price target on the stock. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and an average price target of $234.91.

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.