Mesa Graziano Cheryl De Sells 238 Shares of ITT (NYSE:ITT) Stock

ITT Inc. (NYSE:ITT) CAO Mesa Graziano Cheryl De sold 238 shares of ITT stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $183.08, for a total transaction of $43,573.04. Following the sale, the chief accounting officer directly owned 5,062 shares of the company’s stock, valued at $926,750.96. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

ITT Stock Performance

NYSE ITT opened at $188.56 on Thursday. ITT Inc. has a 52-week low of $105.64 and a 52-week high of $197.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 1.52. The company has a market capitalization of $14.71 billion, a P/E ratio of 31.32, a P/E/G ratio of 2.42 and a beta of 1.38. The company has a fifty day moving average of $177.11 and a 200-day moving average of $162.48.

ITT (NYSE:ITT) last posted its quarterly earnings data 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. ITT had a net margin of 12.67% and a return on equity of 18.96%. The company had revenue of $999.10 million during the quarter, compared to the consensus estimate of $973.69 million. During the same period in the previous year, the firm posted $1.46 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. As a group, equities research analysts predict that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be issued a dividend of $0.351 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, December 1st. ITT’s payout ratio is currently 23.26%.

Hedge Funds Weigh In On ITT

Hedge funds have recently modified their holdings of the company. True Wealth Design LLC increased its position in shares of ITT by 219.2% in the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 114 shares during the period. Financial Gravity Companies Inc. purchased a new position in shares of ITT in the second quarter valued at about $27,000. Quent Capital LLC purchased a new position in shares of ITT in the third quarter valued at about $37,000. Atlantic Union Bankshares Corp purchased a new position in shares of ITT in the second quarter valued at about $34,000. Finally, MTM Investment Management LLC purchased a new position in shares of ITT in the second quarter valued at about $39,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ITT shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. KeyCorp lifted their target price 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. UBS Group lifted their target price on shares of ITT from $168.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Finally, DA Davidson set a $190.00 target price on shares of ITT and gave the stock a “buy” rating in a research report on Monday, August 4th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.