ITT (NYSE:ITT) CEO Luca Savi Purchases 5,019 Shares

ITT Inc. (NYSE:ITT) CEO Luca Savi purchased 5,019 shares of the stock in a transaction dated Monday, August 31st. The shares were bought at an average price of $199.56 per share, for a total transaction of $1,001,591.64. Following the completion of the acquisition, the chief executive officer owned 267,373 shares in the company, valued at $53,356,955.88. This represents a 1.91% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

ITT Stock Down 3.1%

Shares of NYSE ITT traded down $6.26 during mid-day trading on Tuesday, reaching $194.03. The company had a trading volume of 870,630 shares, compared to its average volume of 906,304. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. ITT Inc. has a twelve month low of $166.96 and a twelve month high of $230.32. The stock’s 50 day moving average is $200.20 and its 200-day moving average is $199.70. The stock has a market capitalization of $17.35 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27.

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

ITT Dividend Announcement

The company also recently declared 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. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s payout ratio is currently 30.20%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ITT. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in ITT during the 2nd quarter worth $28,000. Trust Co. of Vermont acquired a new stake in shares of ITT in the second quarter valued at about $33,000. Elyxium Wealth LLC bought a new position in shares of ITT in the fourth quarter worth about $29,000. Bayban bought a new position in shares of ITT in the fourth quarter worth about $31,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of 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 purchasing an additional 76 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

ITT has been the subject of a number of analyst reports. DA Davidson lifted their target price on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Wolfe Research upgraded ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price on the stock in a report on Thursday, July 9th. KeyCorp boosted their price target on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings lowered ITT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ITT has a consensus rating of “Moderate Buy” and an average target price of $241.08.

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.