United Capital Financial Advisors LLC acquired a new position in shares of ITT Inc. (NYSE:ITT – Free Report) during the second quarter, HoldingsChannel.com reports. The fund acquired 2,556 shares of the conglomerate’s stock, valued at approximately $505,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of ITT during the 2nd quarter valued at about $28,000. Trust Co. of Vermont purchased a new position in ITT in the 2nd quarter worth approximately $33,000. Elyxium Wealth LLC acquired a new stake in ITT in the fourth quarter valued at approximately $29,000. Bayban acquired a new stake in ITT in the fourth quarter valued at approximately $31,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently 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. Barclays lifted their price target on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. DA Davidson upped their price objective on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. BMO Capital Markets reissued an “outperform” rating and issued a $273.00 price objective on shares of ITT in a research report on Friday, August 7th. Finally, Robert W. Baird set a $246.00 target price on ITT in a research report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, ITT has an average rating of “Moderate Buy” and a consensus price target of $241.08.
ITT Stock Performance
ITT stock opened at $200.33 on Tuesday. ITT Inc. has a 52 week low of $166.96 and a 52 week high of $230.32. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The stock has a market cap of $17.91 billion, a P/E ratio of 39.28, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27. The stock has a 50 day moving average of $200.20 and a 200-day moving average of $199.70.
ITT (NYSE:ITT – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The business’s revenue was up 51.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, analysts expect that ITT Inc. will post 8.25 EPS for the current fiscal year.
ITT Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be paid a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is 30.20%.
Insider Buying and Selling
In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $214.54, for a total value of $150,178.00. Following the completion of the sale, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.88% of the company’s stock.
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.
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