Insider Selling: ITT (NYSE:ITT) CAO Sells 238 Shares of Stock

ITT Inc. (NYSE:ITT) CAO Mesa Graziano Cheryl De sold 238 shares of ITT stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $183.08, for a total value of $43,573.04. Following the completion of the transaction, the chief accounting officer directly owned 5,062 shares in the company, valued at $926,750.96. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

ITT Trading Up 0.2%

Shares of NYSE ITT traded up $0.39 during midday trading on Tuesday, hitting $185.93. The stock had a trading volume of 356,190 shares, compared to its average volume of 487,268. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $197.07. The company has a fifty day moving average price of $176.54 and a 200 day moving average price of $161.89. The company has a quick ratio of 0.99, a current ratio of 1.52 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 2.42 and a beta of 1.38.

ITT (NYSE:ITT) last posted its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $1.78 EPS for the quarter, beating the consensus estimate of $1.67 by $0.11. ITT had a net margin of 12.67% and a return on equity of 18.96%. The firm had revenue of $999.10 million for the quarter, compared to analyst estimates of $973.69 million. During the same quarter last year, the firm posted $1.46 earnings per share. ITT’s revenue for the quarter was up 12.9% compared to the same quarter last year. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. On average, analysts predict that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 1st will be issued a $0.351 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.40 annualized dividend and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is presently 23.26%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Financial Gravity Companies Inc. bought a new position in shares of ITT during the 2nd quarter worth approximately $27,000. True Wealth Design LLC boosted its stake in shares of ITT by 219.2% during the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 114 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of ITT during the 2nd quarter worth approximately $34,000. Quent Capital LLC bought a new position in shares of ITT during the 3rd quarter worth approximately $37,000. Finally, MTM Investment Management LLC bought a new position in shares of ITT during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

ITT has been the subject of several analyst reports. Citigroup upped their target price on ITT from $207.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Stifel Nicolaus increased their price objective on shares of ITT from $202.00 to $203.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of ITT in a report on Thursday, October 2nd. Finally, TD Cowen boosted their price objective on shares of ITT from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, ITT has a consensus rating of “Moderate Buy” and a consensus target price of $201.25.

About ITT

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.