ITT Inc. $ITT Shares Bought by Capital International Investors

Capital International Investors grew its position in shares of ITT Inc. (NYSE:ITT) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,797,165 shares of the conglomerate’s stock after acquiring an additional 258,936 shares during the quarter. Capital International Investors owned about 0.10% of ITT worth $1,526,421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in ITT by 10.9% during the third quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock worth $100,000 after acquiring an additional 55 shares during the last quarter. Stephens Inc. AR increased its stake in ITT by 3.8% during the fourth quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock worth $287,000 after acquiring an additional 60 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in ITT by 0.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate’s stock worth $4,454,000 after acquiring an additional 65 shares during the last quarter. Merit Financial Group LLC increased its stake in ITT by 1.5% during the third quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock worth $845,000 after acquiring an additional 69 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in ITT by 4.0% during the third quarter. IFP Advisors Inc now owns 1,847 shares of the conglomerate’s stock worth $330,000 after acquiring an additional 71 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ITT

In other news, insider Lori B. Marino sold 7,123 shares of ITT 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 of the company’s stock, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 200 shares of ITT 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 directly owned 7,859 shares in the company, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

ITT has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on ITT in a research note on Tuesday, March 31st. They set a “buy” rating and a $270.00 price target for the company. Wall Street Zen cut ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. DA Davidson boosted their price objective on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Barclays boosted their price objective on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Finally, BMO Capital Markets assumed coverage on ITT in a research note on Friday, March 27th. They set an “outperform” rating and a $233.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $234.91.

ITT Trading Down 0.9%

Shares of ITT opened at $191.61 on Friday. The stock’s 50-day moving average is $203.28 and its two-hundred day moving average is $192.05. The stock has a market cap of $17.13 billion, a PE ratio of 33.79, a P/E/G ratio of 1.80 and a beta of 1.27. ITT Inc. has a 12 month low of $149.02 and a 12 month 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.

ITT (NYSE:ITT) last issued its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The firm’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. Equities analysts forecast that ITT Inc. will post 7.9 earnings per share for the current fiscal year.

ITT Dividend Announcement

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

About ITT

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.