Gamco Investors INC. ET AL trimmed its holdings in ITT Inc. (NYSE:ITT – Free Report) by 14.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,562 shares of the conglomerate’s stock after selling 40,022 shares during the period. Gamco Investors INC. ET AL’s holdings in ITT were worth $44,500,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Andina Capital Management LLC raised its holdings in shares of ITT by 1.6% during the 4th quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock valued at $549,000 after purchasing an additional 49 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in ITT by 2.8% in the first quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after purchasing an additional 52 shares in the last quarter. Whittier Trust Co. increased its position in ITT by 5.1% during the first quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after buying an additional 52 shares during the last quarter. Toronto Dominion Bank increased its position in ITT by 2.2% during the fourth quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after buying an additional 53 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in ITT by 3.8% during the fourth quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.
Wall Street Analysts Forecast Growth
ITT has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on ITT in a research report on Friday, March 27th. They issued an “outperform” rating and a $233.00 price target for the company. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective on the stock in a research note on Thursday, July 9th. Citigroup boosted their target price on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Stifel Nicolaus increased their price target on ITT from $246.00 to $250.00 and gave the company a “buy” rating in a report on Monday. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $234.75.
Insider Buying and Selling
In other news, insider Lori B. Marino sold 7,123 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was 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 directly owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. This represents a 44.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the sale, the chief accounting officer owned 7,859 shares in the company, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.88% of the company’s stock.
ITT Stock Up 0.3%
ITT stock opened at $195.78 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01. ITT Inc. has a fifty-two week low of $157.66 and a fifty-two week high of $225.26. The firm has a fifty day moving average price of $192.87 and a two-hundred day moving average price of $195.63. The firm has a market cap of $17.50 billion, a price-to-earnings ratio of 34.53, a P/E/G ratio of 1.84 and a beta of 1.27.
ITT (NYSE:ITT – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.21. The company had revenue of $1.21 billion for 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%.The firm’s revenue was up 32.7% compared to the same quarter last year. During the same period last year, the business posted $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, analysts forecast that ITT Inc. will post 7.89 earnings per share for the current year.
ITT Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 8th were issued a $0.386 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is 27.16%.
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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