Key Points
- CEO Luca Savi sold 63,450 shares of ITT at an average price of $190.69 for total proceeds of about $12.1 million, trimming his stake by 19.47% to 262,354 shares.
- ITT beat quarterly expectations, reporting $1.85 EPS vs. $1.79 expected and $1.05B revenue (up 13.5% YoY), and set Q1 2026 guidance of $1.680–1.72 EPS while analysts forecast $6.51 for the fiscal year.
- ITT raised its quarterly dividend to $0.386 (annualized $1.54), up from $0.35, representing a 0.8% yield and a payout ratio of about 22.9%.
ITT Inc. (NYSE:ITT - Get Free Report) CEO Luca Savi sold 63,450 shares of ITT stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the sale, the chief executive officer owned 262,354 shares in the company, valued at $50,028,284.26. This represents a 19.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
ITT Price Performance
Shares of NYSE:ITT traded down $7.92 during midday trading on Friday, reaching $182.78. 115,656 shares of the company's stock were exchanged, compared to its average volume of 906,168. The company's 50 day simple moving average is $189.94 and its two-hundred day simple moving average is $181.86. The firm has a market capitalization of $15.72 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 1.83 and a beta of 1.34. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $209.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58.
ITT (NYSE:ITT - Get Free Report) last posted its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.06. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. The firm's revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 earnings per share. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Equities research analysts expect that ITT Inc. will post 6.51 earnings per share for the current fiscal year.
ITT Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be paid a $0.386 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.54 annualized dividend and a yield of 0.8%. This is a positive change from ITT's previous quarterly dividend of $0.35. ITT's payout ratio is presently 22.91%.
Hedge Funds Weigh In On ITT
Several hedge funds have recently added to or reduced their stakes in ITT. True Wealth Design LLC raised its holdings in ITT by 219.2% during the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate's stock worth $30,000 after purchasing an additional 114 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of ITT in the 4th quarter valued at about $29,000. Financial Gravity Companies Inc. acquired a new stake in shares of ITT during the 2nd quarter worth approximately $27,000. Bayban bought a new stake in shares of ITT during the fourth quarter worth approximately $31,000. Finally, Parkside Financial Bank & Trust lifted its holdings in ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate's stock valued at $34,000 after buying an additional 76 shares during the period. Institutional investors own 91.59% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on ITT shares. KeyCorp boosted their target price on shares of ITT from $215.00 to $230.00 and gave the company an "overweight" rating in a research note on Friday, February 6th. Robert W. Baird set a $222.00 price target on shares of ITT in a report on Friday, February 6th. Weiss Ratings restated a "buy (b)" rating on shares of ITT in a research report on Thursday, January 22nd. Stifel Nicolaus raised their price objective on shares of ITT from $218.00 to $228.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Finally, Wall Street Zen raised ITT from a "hold" rating to a "buy" rating in a report on Monday. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $216.11.
Check Out Our Latest Analysis on ITT
ITT Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
