10,003 Shares in ITT Inc. $ITT Bought by AXQ Capital LP

AXQ Capital LP bought a new position in ITT Inc. (NYSE:ITT) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 10,003 shares of the conglomerate’s stock, valued at approximately $1,736,000.

A number of other large investors also recently added to or reduced their stakes in ITT. Amundi increased its position in shares of ITT by 22,565.6% in the first quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after acquiring an additional 7,221 shares during the period. Goldman Sachs Group Inc. increased its position in shares of ITT by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after acquiring an additional 28,937 shares during the period. Empowered Funds LLC purchased a new position in shares of ITT in the first quarter valued at about $360,000. Focus Partners Wealth increased its position in shares of ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after acquiring an additional 3,515 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of ITT in the second quarter valued at about $1,880,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In related news, CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $208.41, for a total transaction of $41,682.00. Following the sale, the chief accounting officer owned 7,859 shares of the company’s stock, valued at $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lori B. Marino sold 7,123 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the sale, the insider directly owned 8,729 shares in the company, valued at $1,817,988.83. The trade was a 44.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 70,773 shares of company stock valued at $13,624,470 over the last quarter. Corporate insiders own 0.88% of the company’s stock.

ITT Price Performance

Shares of NYSE ITT opened at $189.81 on Tuesday. ITT Inc. has a 1 year low of $147.63 and a 1 year high of $225.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01. The company’s 50-day moving average is $202.99 and its 200 day moving average is $191.90. The stock has a market capitalization of $16.97 billion, a P/E ratio of 33.48, a P/E/G ratio of 1.83 and a beta of 1.27.

ITT (NYSE:ITT) last posted its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping the consensus estimate of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. ITT’s quarterly revenue was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, sell-side analysts expect that ITT Inc. will post 7.9 earnings per share for the current year.

ITT Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ITT shares. Citigroup boosted their price objective on shares of ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Barclays boosted their price objective on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. BMO Capital Markets assumed coverage on shares of ITT in a research report on Friday, March 27th. They issued an “outperform” rating and a $233.00 price objective on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $234.91.

ITT Company 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.