Rep. April McClain Delaney Buys ITT Inc. (NYSE:ITT) Shares

Representative April McClain Delaney (D-Maryland) recently bought shares of ITT Inc. (NYSE:ITT). In a filing disclosed on April 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in ITT stock on March 5th.

Representative April McClain Delaney also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Westinghouse Air Brake Technologies (NYSE:WAB) on 3/25/2025.
• Sold $1,001 – $15,000 in shares of Toro (NYSE:TTC) on 3/20/2025.
• Sold $15,001 – $50,000 in shares of Dayforce (NYSE:DAY) on 3/18/2025.
• Purchased $1,001 – $15,000 in shares of BJ’s Wholesale Club (NYSE:BJ) on 3/17/2025.
• Purchased $1,001 – $15,000 in shares of IDEXX Laboratories (NASDAQ:IDXX) on 3/14/2025.
• Purchased $1,001 – $15,000 in shares of Jones Lang LaSalle (NYSE:JLL) on 3/14/2025.
• Purchased $1,001 – $15,000 in shares of BJ’s Wholesale Club (NYSE:BJ) on 3/14/2025.
• Purchased $1,001 – $15,000 in shares of Corpay (NYSE:CPAY) on 3/13/2025.
• Purchased $1,001 – $15,000 in shares of Jones Lang LaSalle (NYSE:JLL) on 3/10/2025.
• Purchased $1,001 – $15,000 in shares of Markel Group (NYSE:MKL) on 3/10/2025.

ITT Trading Down 10.5 %

Shares of ITT opened at $119.49 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. ITT Inc. has a fifty-two week low of $118.84 and a fifty-two week high of $161.13. The firm has a 50 day moving average price of $140.67 and a 200-day moving average price of $145.78. The firm has a market cap of $9.73 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. As a group, equities research analysts forecast that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were paid a dividend of $0.351 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.18%. ITT’s dividend payout ratio (DPR) is 22.22%.

Wall Street Analysts Forecast Growth

ITT has been the topic of several recent research reports. StockNews.com upgraded ITT from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. UBS Group raised their target price on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Citigroup decreased their target price on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. KeyCorp increased their price target on shares of ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Finally, Wolfe Research started coverage on shares of ITT in a research report on Wednesday, December 11th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, ITT currently has an average rating of “Moderate Buy” and an average target price of $170.29.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ITT. Rialto Wealth Management LLC bought a new stake in shares of ITT during the 4th quarter valued at about $26,000. Resources Management Corp CT ADV bought a new stake in ITT during the 3rd quarter valued at approximately $30,000. ORG Wealth Partners LLC purchased a new position in shares of ITT during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new position in shares of ITT in the 4th quarter valued at approximately $34,000. Finally, Quarry LP lifted its stake in shares of ITT by 101.6% in the 4th quarter. Quarry LP now owns 248 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 125 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

About Representative McClain Delaney

April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland’s 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland’s 6th Congressional District. She declared candidacy for the 2026 election.

April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor’s degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.

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.