3,610 Shares in ITT Inc. $ITT Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC purchased a new position in ITT Inc. (NYSE:ITT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,610 shares of the conglomerate’s stock, valued at approximately $714,000.

Other large investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in ITT during the 4th quarter worth $29,000. Bayban acquired a new stake in shares of ITT in the 4th quarter valued at about $31,000. Parkside Financial Bank & Trust raised its stake in shares of ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 76 shares in the last quarter. Entrust Financial LLC bought a new position in shares of ITT during the fourth quarter worth about $36,000. Finally, Triumph Capital Management bought a new position in shares of ITT during the third quarter worth about $37,000. 91.59% of the stock is currently owned by institutional investors.

Insider Activity at ITT

In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the sale, the chief accounting officer directly owned 7,159 shares in the company, valued at approximately $1,535,891.86. This represents a 8.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

ITT has been the subject of several research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of ITT in a report on Friday, August 7th. KeyCorp increased their target price on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Barclays lifted their target price on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Robert W. Baird set a $246.00 price target on ITT in a report on Thursday, May 7th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $273.00 price target on shares of ITT in a research report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $241.08.

ITT Trading Up 0.1%

NYSE ITT opened at $219.56 on Tuesday. ITT Inc. has a one year low of $164.00 and a one year high of $230.32. The company has a 50-day simple moving average of $197.07 and a 200-day simple moving average of $198.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. The firm has a market capitalization of $19.63 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The company’s revenue for the quarter was up 51.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, equities analysts forecast that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.386 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. ITT’s dividend payout ratio is 30.20%.

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.