Key Points
- Insider sale: ITT insider Lori Marino sold 7,123 shares on May 8 at an average price of $208.27, totaling about $1.48 million. The transaction cut her stake by roughly 44.9%.
- Strong quarterly results: ITT reported quarterly EPS of $1.98, topping analyst expectations of $1.77, and revenue of $1.21 billion versus estimates of $1.12 billion. Revenue rose 32.7% year over year.
- Dividend and outlook: The company announced a quarterly dividend of $0.386 per share, payable July 6, with an annualized yield of 0.8%. Analysts remain broadly positive, with a consensus rating of Moderate Buy and a target price of $234.91.
ITT Inc. (NYSE:ITT - Get Free Report) insider Lori Marino sold 7,123 shares of the stock in a transaction on 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 transaction, the insider owned 8,729 shares in the company, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
ITT Stock Performance
Shares of ITT opened at $205.64 on Wednesday. ITT Inc. has a 12 month low of $145.41 and a 12 month high of $225.26. The company's fifty day moving average is $201.31 and its 200-day moving average is $190.84. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The firm has a market cap of $18.38 billion, a price-to-earnings ratio of 36.27, a price-to-earnings-growth ratio of 1.95 and a beta of 1.32.
ITT (NYSE:ITT - Get Free Report) last posted 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. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the business posted $1.45 EPS. ITT's revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities analysts expect that ITT Inc. will post 7.89 EPS for the current fiscal year.
ITT Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be paid a $0.386 dividend. The ex-dividend date is 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 presently 27.16%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on ITT shares. The Goldman Sachs Group started coverage on shares of ITT in a research report on Tuesday, March 31st. They issued a "buy" rating and a $270.00 price target on the stock. Barclays raised their price target on shares of ITT from $210.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 7th. Robert W. Baird set a $246.00 price target on shares of ITT in a research report on Thursday, May 7th. Citigroup raised their price objective on shares of ITT from $252.00 to $254.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Finally, BMO Capital Markets initiated coverage on shares of ITT in a report on Friday, March 27th. They set an "outperform" rating and a $233.00 price objective for the company. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $234.91.
Check Out Our Latest Research Report on ITT
Hedge Funds Weigh In On ITT
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital International Investors lifted its holdings in ITT by 3.0% during the 4th quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate's stock valued at $1,526,421,000 after purchasing an additional 258,936 shares during the last quarter. Vanguard Group Inc. lifted its holdings in ITT by 7.9% during the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate's stock valued at $1,467,976,000 after purchasing an additional 620,217 shares during the last quarter. State Street Corp lifted its holdings in ITT by 7.4% during the 4th quarter. State Street Corp now owns 2,546,710 shares of the conglomerate's stock valued at $441,880,000 after purchasing an additional 175,367 shares during the last quarter. Geode Capital Management LLC lifted its holdings in ITT by 15.6% during the 4th quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate's stock valued at $280,267,000 after purchasing an additional 217,360 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in ITT by 55,929.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate's stock valued at $263,458,000 after acquiring an additional 1,515,695 shares in the last quarter. 91.59% of the stock is owned by institutional investors.
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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