Insider Selling: ITT (NYSE:ITT) Insider Sells $1,483,507.21 in Stock

ITT Inc. (NYSE:ITTGet Free Report) insider Lori Marino sold 7,123 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the completion of the transaction, the insider directly owned 8,729 shares of the company’s stock, valued at $1,817,988.83. This represents a 44.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ITT Price Performance

NYSE:ITT opened at $202.81 on Friday. ITT Inc. has a 1-year low of $145.41 and a 1-year high of $225.26. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $201.61 and a 200 day simple moving average of $191.22. The stock has a market capitalization of $18.13 billion, a PE ratio of 35.77, a P/E/G ratio of 1.91 and a beta of 1.32.

ITT (NYSE:ITTGet Free Report) last released its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the business earned $1.45 earnings per share. The firm’s revenue was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, research analysts expect that ITT Inc. will post 7.91 EPS for the current fiscal year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders 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 yield of 0.8%. The ex-dividend date of this dividend is Monday, June 8th. ITT’s payout ratio is 27.16%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ITT. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson lifted their price objective on shares of ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets began coverage on shares of ITT in a research report on Friday, March 27th. They set an “outperform” rating and a $233.00 price objective for the company. Weiss Ratings cut shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Barclays lifted 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. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $234.91.

View Our Latest Stock Report on ITT

Institutional Investors Weigh In On ITT

A number of institutional investors have recently modified their holdings of the business. iSAM Funds UK Ltd acquired a new position in ITT in the third quarter valued at about $2,113,000. Chesapeake Capital Corp IL acquired a new position in ITT in the third quarter valued at about $1,125,000. Brown Brothers Harriman & Co. raised its stake in ITT by 86,878.2% in the third quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock valued at $47,889,000 after purchasing an additional 267,585 shares in the last quarter. Regents Gate Capital LLP acquired a new position in ITT in the third quarter valued at about $9,381,000. Finally, Mawer Investment Management Ltd. raised its stake in ITT by 23.6% in the third quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock valued at $72,026,000 after purchasing an additional 76,841 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

About ITT

(Get Free Report)

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.

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