Insider Selling: ITT (NYSE:ITT) CAO Sells $150,178.00 in Stock

ITT Inc. (NYSE:ITT) CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the completion of the transaction, the chief accounting officer owned 7,159 shares of the company’s stock, valued at $1,535,891.86. This represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ITT Stock Down 0.6%

Shares of NYSE:ITT traded down $1.25 during trading on Monday, reaching $211.88. The stock had a trading volume of 715,258 shares, compared to its average volume of 936,605. The firm’s 50-day simple moving average is $194.15 and its 200 day simple moving average is $197.11. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. ITT Inc. has a one year low of $164.00 and a one year high of $230.32. The company has a market capitalization of $18.94 billion, a P/E ratio of 41.55, a PEG ratio of 1.98 and a beta of 1.27.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping the consensus estimate of $1.92 by $0.16. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business posted $1.64 EPS. ITT’s revenue was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, research analysts expect that ITT Inc. will post 8.02 EPS for the current fiscal year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.386 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. ITT’s dividend payout ratio is presently 30.20%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ITT. Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective for the company in a research report on Thursday, July 9th. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Barclays raised their price target on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. BMO Capital Markets restated an “outperform” rating and set a $273.00 price target on shares of ITT in a research note on Friday. Finally, DA Davidson upped their price objective on shares of ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, ITT has a consensus rating of “Moderate Buy” and an average target price of $240.25.

Hedge Funds Weigh In On ITT

Several hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in ITT in the 2nd quarter worth $28,000. Elyxium Wealth LLC purchased a new stake in ITT during the 4th quarter valued at about $29,000. Bayban acquired a new position in shares of ITT in the fourth quarter valued at about $31,000. Trust Co. of Vermont purchased a new position in shares of ITT in the second quarter worth about $33,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of 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. 91.59% of the stock is owned by institutional investors and hedge funds.

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.