Natixis Advisors LLC Sells 8,215 Shares of ITT Inc. $ITT

Natixis Advisors LLC reduced its position in shares of ITT Inc. (NYSE:ITT) by 16.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 41,008 shares of the conglomerate’s stock after selling 8,215 shares during the quarter. Natixis Advisors LLC’s holdings in ITT were worth $7,115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITT. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ITT by 55,929.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after acquiring an additional 1,515,695 shares during the period. Norges Bank bought a new stake in shares of ITT during the fourth quarter valued at approximately $194,884,000. Vanguard Group Inc. increased its holdings in shares of ITT by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after acquiring an additional 620,217 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of ITT by 86,878.2% during the third quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock valued at $47,889,000 after acquiring an additional 267,585 shares in the last quarter. Finally, Seven Grand Managers LLC bought a new stake in shares of ITT during the fourth quarter valued at approximately $43,378,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ITT

In other ITT news, insider Lori B. Marino sold 7,123 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the completion of the sale, the insider owned 8,729 shares in the company, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the sale, the chief accounting officer owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by company insiders.

ITT Price Performance

Shares of ITT stock opened at $191.61 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $17.13 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. The business’s 50-day moving average price is $203.28 and its 200-day moving average price is $192.12. ITT Inc. has a 12 month low of $149.02 and a 12 month high of $225.26.

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, topping the consensus estimate of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $1.45 EPS. ITT’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. Sell-side analysts forecast that ITT Inc. will post 7.9 EPS for the current fiscal year.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be given a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, June 8th. ITT’s dividend payout ratio (DPR) is presently 27.16%.

Analysts Set New Price Targets

ITT has been the subject of several recent research reports. BMO Capital Markets initiated coverage on ITT in a report on Friday, March 27th. They set an “outperform” rating and a $233.00 price target for the company. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Stifel Nicolaus set a $246.00 price target on ITT in a research report on Thursday, May 7th. Robert W. Baird set a $246.00 price objective on ITT in a report on Thursday, May 7th. Finally, DA Davidson increased their price objective on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, ITT currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.91.

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.