Expressive Wealth LLC Invests $530,000 in ITT Inc. $ITT

Expressive Wealth LLC acquired a new position in shares of ITT Inc. (NYSE:ITT) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,682 shares of the conglomerate’s stock, valued at approximately $530,000.

Other institutional investors have also recently bought and sold shares of the company. Amundi boosted its position in ITT by 22,565.6% during the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after acquiring an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of ITT by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after purchasing an additional 28,937 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of ITT in the first quarter valued at approximately $360,000. Focus Partners Wealth lifted its position in shares of ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock worth $1,017,000 after purchasing an additional 3,515 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in ITT during the second quarter worth $1,880,000. Institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

Shares of ITT stock opened at $208.23 on Friday. The stock has a market cap of $18.62 billion, a P/E ratio of 40.83, a P/E/G ratio of 1.70 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85. The company has a fifty day moving average price of $199.02 and a two-hundred day moving average price of $199.24. ITT Inc. has a one year low of $165.82 and a one year high of $230.32.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The company’s quarterly revenue was up 51.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, equities analysts predict that ITT Inc. will post 8.25 EPS for the current year.

ITT Announces Dividend

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

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the transaction, the chief accounting officer owned 7,159 shares of the company’s stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ITT has been the subject of a number of analyst reports. Barclays raised their target price on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. DA Davidson raised their price objective on ITT from $255.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Stifel Nicolaus lifted their target price on ITT from $246.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Robert W. Baird set a $246.00 price target on ITT in a research report on Thursday, May 7th. Finally, Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target for the company in a research report on Thursday, July 9th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.08.

ITT 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.