Key Points
- ITT Chief Accounting Officer Cheryl Mesa Graziano sold 700 shares for approximately $150,178, reducing her direct ownership by 8.91% to 7,159 shares.
- ITT reported a quarterly earnings and revenue beat, posting $2.08 EPS versus the $1.92 consensus and $1.47 billion in revenue, up 51.5% year over year. The company set fiscal 2026 EPS guidance at $8.12–$8.32.
- Analysts maintain a positive outlook, with a “Moderate Buy” consensus and an average price target of $240.25; ITT also declared a quarterly dividend of $0.386 per share.
ITT Inc. (NYSE:ITT - Get Free Report) 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 transaction, the chief accounting officer directly owned 7,159 shares of the company's stock, valued at approximately $1,535,891.86. This represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
ITT Stock Down 0.6%
ITT stock opened at $211.88 on Tuesday. The company's 50 day moving average price is $194.59 and its 200 day moving average price is $197.34. The firm has a market capitalization of $18.94 billion, a price-to-earnings ratio of 41.55, a PEG ratio of 1.98 and a beta of 1.27. ITT Inc. has a fifty-two week low of $164.00 and a fifty-two week high of $230.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26.
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. ITT had a net margin of 8.90% and a return on equity of 15.90%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the firm earned $1.64 earnings per share. The firm's quarterly revenue was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, equities research analysts anticipate that ITT Inc. will post 8.02 EPS for the current fiscal year.
ITT Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT's payout ratio is 30.20%.
Institutional Trading of ITT
Several institutional investors and hedge funds have recently made changes to their positions in ITT. Diversified Trust Co acquired a new stake in shares of ITT in the 1st quarter valued at approximately $2,478,000. TimesSquare Capital Management LLC grew its holdings in ITT by 10.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 226,700 shares of the conglomerate's stock worth $39,335,000 after acquiring an additional 21,200 shares during the period. Payden & Rygel raised its position in ITT by 34.7% in the fourth quarter. Payden & Rygel now owns 112,500 shares of the conglomerate's stock worth $19,520,000 after acquiring an additional 29,000 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in ITT by 15.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 110,200 shares of the conglomerate's stock worth $21,264,000 after acquiring an additional 15,004 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in ITT by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate's stock valued at $1,467,976,000 after acquiring an additional 620,217 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ITT has been the topic of several recent analyst reports. DA Davidson increased their target price on ITT from $245.00 to $255.00 and gave the company a "buy" rating in a report on Monday, May 11th. Stifel Nicolaus upped their price objective on ITT from $246.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Wolfe Research upgraded ITT from a "peer perform" rating to an "outperform" rating and set a $229.00 price objective on the stock in a report on Thursday, July 9th. Citigroup raised their target price on ITT from $254.00 to $267.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Weiss Ratings downgraded ITT from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $240.25.
Read Our Latest Report 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.
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