Fiera Capital Corp increased its stake in ITT Inc. (NYSE:ITT – Free Report) by 25.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,562 shares of the conglomerate’s stock after purchasing an additional 8,719 shares during the quarter. Fiera Capital Corp’s holdings in ITT were worth $7,558,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in ITT in the fourth quarter valued at about $29,000. Triumph Capital Management purchased a new position in ITT in the third quarter valued at about $37,000. Entrust Financial LLC purchased a new position in ITT in the fourth quarter valued at about $36,000. Measured Wealth Private Client Group LLC purchased a new position in ITT in the third quarter valued at about $43,000. Finally, V Square Quantitative Management LLC purchased a new position in ITT in the fourth quarter valued at about $64,000. 91.59% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CAO Mesa Graziano Cheryl De sold 200 shares of the 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 sale, the chief accounting officer owned 7,859 shares in the company, valued at $1,637,894.19. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was 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 owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by corporate insiders.
ITT Stock Performance
ITT (NYSE:ITT – Get Free Report) last issued its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities analysts forecast that ITT Inc. will post 7.9 earnings per share for the current fiscal year.
ITT Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be paid a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, June 8th. ITT’s dividend payout ratio is 27.16%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ITT. Robert W. Baird set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. DA Davidson raised their price objective on shares of ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, The Goldman Sachs Group initiated coverage on shares of ITT in a research note on Tuesday, March 31st. They set a “buy” rating and a $270.00 price objective for the company. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $234.91.
View Our Latest Stock Report on ITT
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.
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