Key Points
- ITT CAO Mesa Graziano Cheryl De sold 200 shares on May 7 at an average price of $208.41, totaling $41,682. After the sale, she still owned 7,859 shares valued at about $1.64 million.
- ITT reported stronger-than-expected quarterly results, posting EPS of $1.98 versus the $1.77 consensus and revenue of $1.21 billion, up 32.7% year over year. The company also reaffirmed FY 2026 guidance of 7.7 to 8.0 EPS.
- ITT declared a quarterly dividend of $0.386 per share, payable July 6 to shareholders of record on June 8. That works out to an annualized dividend of $1.54 and a yield of about 0.7%.
ITT Inc. (NYSE:ITT - Get Free Report) CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the transaction, the chief accounting officer directly owned 7,859 shares of the company's stock, valued at $1,637,894.19. This represents a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
ITT Stock Down 0.8%
ITT stock opened at $206.13 on Friday. ITT Inc. has a twelve month low of $142.64 and a twelve month high of $225.26. The company has a quick ratio of 2.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The firm has a market cap of $18.43 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 1.98 and a beta of 1.32. The business has a 50 day moving average of $201.24 and a 200 day moving average of $190.14.
ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company earned $1.45 EPS. The firm's revenue for the quarter 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 forecast that ITT Inc. will post 7.8 EPS for the current fiscal year.
ITT Announces Dividend
The company also recently declared 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 0.7%. The ex-dividend date is Monday, June 8th. ITT's dividend payout ratio (DPR) is 27.16%.
Institutional Investors Weigh In On ITT
Several large investors have recently made changes to their positions in ITT. Amundi increased its holdings in shares of ITT by 22,565.6% in the first quarter. Amundi now owns 7,253 shares of the conglomerate's stock worth $867,000 after purchasing an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of ITT by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate's stock worth $54,020,000 after purchasing an additional 28,937 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of ITT in the first quarter worth about $360,000. Focus Partners Wealth increased its holdings in shares of ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate's stock worth $1,017,000 after purchasing an additional 3,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of ITT in the second quarter worth about $1,880,000. 91.59% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
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. Citigroup upped their price target on ITT from $252.00 to $254.00 and gave the stock a "buy" rating in a research report on Thursday. Barclays lifted their price target on shares of ITT from $210.00 to $230.00 and gave the company an "equal weight" rating in a report on Thursday. Wall Street Zen downgraded ITT from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Stifel Nicolaus set a $246.00 price objective on ITT in a research report on Thursday. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, ITT presently has a consensus rating of "Moderate Buy" and an average target price of $234.00.
Check Out Our Latest Analysis on ITT
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.
Further Reading
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