ITT (NYSE:ITT) CFO Sells $1,018,765.00 in Stock

ITT Inc. (NYSE:ITT) CFO Emmanuel Caprais sold 5,500 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $185.23, for a total value of $1,018,765.00. Following the transaction, the chief financial officer owned 36,830 shares of the company’s stock, valued at approximately $6,822,020.90. This trade represents a 12.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

ITT Stock Up 0.2%

ITT stock traded up $0.39 during trading hours on Tuesday, reaching $185.93. 356,190 shares of the stock were exchanged, compared to its average volume of 486,784. The firm’s 50-day moving average is $176.54 and its 200-day moving average is $161.89. The company has a market cap of $14.50 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 2.42 and a beta of 1.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.52 and a quick ratio of 0.99. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $197.07.

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

ITT Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. DA Davidson set a $190.00 price objective on shares of ITT and gave the stock a “buy” rating in a research report on Monday, August 4th. TD Cowen raised their price objective on shares of ITT from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research report on Wednesday, October 8th. KeyCorp raised their price objective on shares of ITT from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, Cowen reaffirmed a “buy” rating on shares of ITT 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $201.25.

Institutional Trading of ITT

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd grew its stake in shares of ITT by 15.3% in the third quarter. Covestor Ltd now owns 512 shares of the conglomerate’s stock worth $92,000 after purchasing an additional 68 shares during the last quarter. Merit Financial Group LLC grew its stake in shares of ITT by 1.5% in the third quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock worth $845,000 after purchasing an additional 69 shares during the last quarter. Unique Wealth LLC grew its stake in shares of ITT by 1.9% in the third quarter. Unique Wealth LLC now owns 4,107 shares of the conglomerate’s stock worth $734,000 after purchasing an additional 75 shares during the last quarter. Stephens Inc. AR grew its stake in shares of ITT by 4.8% in the first quarter. Stephens Inc. AR now owns 1,970 shares of the conglomerate’s stock worth $254,000 after purchasing an additional 90 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in ITT by 2.9% during the second quarter. Advisors Asset Management Inc. now owns 3,427 shares of the conglomerate’s stock valued at $537,000 after acquiring an additional 97 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

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.