8,769 Shares in ITT Inc. $ITT Purchased by Inspire Investing LLC

Inspire Investing LLC acquired a new stake in shares of ITT Inc. (NYSE:ITT) in the first quarter, Holdings Channel reports. The firm acquired 8,769 shares of the conglomerate’s stock, valued at approximately $1,671,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Andina Capital Management LLC raised its stake in shares of ITT by 1.6% during the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock valued at $549,000 after acquiring an additional 49 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in ITT by 2.8% in the first quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after purchasing an additional 52 shares in the last quarter. Toronto Dominion Bank grew its stake in ITT by 2.2% in the fourth quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after purchasing an additional 53 shares in the last quarter. Stephens Inc. AR increased its holdings in ITT by 3.8% during the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock worth $287,000 after purchasing an additional 60 shares during the period. Finally, IFP Advisors Inc raised its position in ITT by 4.0% during the 3rd quarter. IFP Advisors Inc now owns 1,847 shares of the conglomerate’s stock valued at $330,000 after purchasing an additional 71 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Mesa Graziano Cheryl De sold 200 shares of ITT 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 owned 7,859 shares of the company’s stock, valued at $1,637,894.19. The trade was a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lori B. Marino sold 7,123 shares of the business’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 transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by insiders.

ITT Trading Up 3.7%

Shares of NYSE:ITT opened at $197.53 on Wednesday. The company has a market capitalization of $17.66 billion, a PE ratio of 34.84, a P/E/G ratio of 1.79 and a beta of 1.27. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. ITT Inc. has a 12-month low of $154.29 and a 12-month high of $225.26. The business’s fifty day simple moving average is $200.11 and its 200-day simple moving average is $193.73.

ITT (NYSE:ITT) last issued 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. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company earned $1.45 earnings per share. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, equities research analysts predict that ITT Inc. will post 7.91 earnings per share for the current fiscal year.

ITT Announces Dividend

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

Wall Street Analyst Weigh In

ITT has been the subject of several research reports. BMO Capital Markets started coverage on ITT in a report on Friday, March 27th. They issued an “outperform” rating and a $233.00 target price for the company. Weiss Ratings lowered ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Robert W. Baird set a $246.00 price objective on ITT in a report on Thursday, May 7th. DA Davidson upped their price objective on shares of ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, KeyCorp increased their target price on shares of ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Ten equities 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 currently has a consensus rating of “Moderate Buy” and an average target price 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.