3,173 Shares in ITT Inc. $ITT Purchased by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in shares of ITT Inc. (NYSE:ITT) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,173 shares of the conglomerate’s stock, valued at approximately $628,000.

A number of other institutional investors have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of ITT in the second quarter valued at approximately $28,000. Elyxium Wealth LLC purchased a new position in ITT during the fourth quarter worth approximately $29,000. Bayban acquired a new position in ITT during the fourth quarter worth $31,000. Trust Co. of Vermont acquired a new position in ITT during the second quarter worth $33,000. Finally, Parkside Financial Bank & Trust grew its holdings in 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 buying an additional 76 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on ITT shares. Citigroup raised their target price on ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Weiss Ratings lowered shares of ITT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Barclays raised their price objective on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. DA Davidson lifted their target price on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Finally, KeyCorp boosted their target price on shares of ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $241.08.

ITT Price Performance

ITT stock opened at $205.96 on Wednesday. ITT Inc. has a 52-week low of $166.96 and a 52-week high of $230.32. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The stock has a market cap of $18.41 billion, a price-to-earnings ratio of 40.38, a price-to-earnings-growth ratio of 1.68 and a beta of 1.27. The business has a fifty day moving average of $199.45 and a two-hundred day moving average of $199.62.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, beating the consensus estimate of $1.92 by $0.16. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The company’s quarterly revenue was up 51.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, research analysts anticipate 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. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is 30.20%.

Insider Buying and Selling at ITT

In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the sale, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.88% of the stock is currently owned by corporate insiders.

ITT 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.