Sei Investments Co. Has $21.88 Million Position in ITT Inc. $ITT

Sei Investments Co. grew its stake in ITT Inc. (NYSE:ITT) by 15.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,867 shares of the conglomerate’s stock after buying an additional 15,090 shares during the period. Sei Investments Co.’s holdings in ITT were worth $21,883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Elyxium Wealth LLC acquired a new position in shares of ITT in the 4th quarter worth approximately $29,000. Bayban bought a new stake in ITT during the fourth quarter valued at $31,000. Parkside Financial Bank & Trust grew its holdings in ITT by 62.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 76 shares during the period. Triumph Capital Management bought a new position in shares of ITT in the 3rd quarter worth about $37,000. Finally, Entrust Financial LLC bought a new stake in shares of ITT during the 4th quarter valued at about $36,000. 91.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ITT

In other news, insider Lori B. Marino sold 7,123 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the completion of the sale, the insider owned 8,729 shares in the company, valued at $1,817,988.83. This represents a 44.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’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 transaction, the chief accounting officer directly owned 7,859 shares in the company, valued at $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ITT. KeyCorp increased their price target on ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Robert W. Baird set a $246.00 target price on ITT in a research note on Thursday, May 7th. Stifel Nicolaus upped their price target on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Citigroup raised their price objective on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Barclays increased their target price on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Eleven 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, ITT presently has an average rating of “Moderate Buy” and an average price target of $234.75.

ITT Stock Up 0.8%

ITT stock opened at $199.35 on Wednesday. The firm has a market capitalization of $17.82 billion, a PE ratio of 35.16, a P/E/G ratio of 1.86 and a beta of 1.27. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. ITT Inc. has a twelve month low of $157.66 and a twelve month high of $225.26. The stock’s 50 day moving average is $193.10 and its 200-day moving average is $196.02.

ITT (NYSE:ITT) last announced its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.21. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.ITT’s revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Sell-side analysts expect that ITT Inc. will post 7.89 EPS for the current fiscal year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 8th were paid a $0.386 dividend. The ex-dividend date was Monday, June 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s dividend payout ratio is presently 27.16%.

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.