North Dakota State Investment Board Buys Shares of 2,734 ITT Inc. $ITT

North Dakota State Investment Board bought a new stake in ITT Inc. (NYSE:ITT) during the fourth quarter, Holdings Channel.com reports. The firm bought 2,734 shares of the conglomerate’s stock, valued at approximately $474,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in ITT in the fourth quarter valued at $29,000. Triumph Capital Management purchased a new stake in ITT in the third quarter valued at $37,000. Measured Wealth Private Client Group LLC purchased a new stake in ITT in the third quarter valued at $43,000. Key Financial Inc purchased a new stake in ITT in the third quarter valued at $47,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of ITT in the 4th quarter valued at $64,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Price Performance

ITT stock opened at $195.15 on Friday. 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 company has a market capitalization of $17.45 billion, a PE ratio of 34.42, a P/E/G ratio of 1.81 and a beta of 1.32. ITT Inc. has a 12-month low of $145.41 and a 12-month high of $225.26. The business’s fifty day moving average price is $202.06 and its 200 day moving average price is $191.57.

ITT (NYSE:ITT) last posted its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the business earned $1.45 EPS. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, sell-side analysts anticipate that ITT Inc. will post 7.91 EPS for the current year.

ITT Dividend Announcement

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

Insiders Place Their Bets

In other ITT news, CEO Luca Savi sold 63,450 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the sale, the chief executive officer owned 262,354 shares in the company, valued at $50,028,284.26. This represents a 19.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the sale, the chief accounting officer owned 7,859 shares in the company, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 70,773 shares of company stock worth $13,624,470 in the last quarter. 0.88% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on ITT. BMO Capital Markets began coverage on ITT in a report on Friday, March 27th. They issued an “outperform” rating and a $233.00 price objective on the stock. DA Davidson boosted their price objective on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. The Goldman Sachs Group began coverage on ITT in a report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price objective on the stock. Barclays boosted their price objective on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Citigroup boosted their price objective on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, ITT has an average rating of “Moderate Buy” and an average target price of $234.91.

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.