Key Points
- ITT CEO Luca Savi purchased 5,019 shares at an average price of $199.56, investing approximately $1.00 million and increasing his direct ownership by 1.91% to 267,373 shares.
- ITT reported quarterly EPS of $2.08, beating estimates by $0.16, while revenue rose 51.5% year over year to $1.47 billion. The company maintained fiscal 2026 EPS guidance of $8.12–$8.32.
- The company declared a quarterly dividend of $0.386 per share, equivalent to an annualized $1.54 payout and a 0.8% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $244.82.
ITT Inc. (NYSE:ITT - Get Free Report) CEO Luca Savi acquired 5,019 shares of the stock in a transaction dated Monday, August 31st. The stock was acquired at an average cost of $199.56 per share, with a total value of $1,001,591.64. Following the transaction, the chief executive officer directly owned 267,373 shares in the company, valued at approximately $53,356,955.88. This represents a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
ITT Stock Down 3.1%
Shares of ITT stock opened at $194.03 on Wednesday. The stock's fifty day moving average price is $200.19 and its 200 day moving average price is $199.64. ITT Inc. has a 1-year low of $166.96 and a 1-year high of $230.32. The company has a market cap of $17.35 billion, a price-to-earnings ratio of 38.05, a price-to-earnings-growth ratio of 1.64 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85.
ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%.The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same period last year, the business posted $1.64 earnings per share. The firm's revenue was up 51.5% compared to the same quarter last year. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, research analysts expect that ITT Inc. will post 8.25 earnings per share for the current fiscal year.
ITT Announces Dividend
The business also recently announced 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. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT's dividend payout ratio (DPR) is 30.20%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. BMO Capital Markets reaffirmed an "outperform" rating and issued a $273.00 price target on shares of ITT in a report on Friday, August 7th. Citigroup boosted their price objective on shares of ITT from $254.00 to $267.00 and gave the company a "buy" rating in a report on Friday, August 7th. Robert W. Baird set a $246.00 target price on ITT in a research report on Thursday, May 7th. Barclays raised their target price on ITT from $210.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 7th. Finally, KeyCorp boosted their price target on ITT from $250.00 to $263.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $244.82.
Read Our Latest Analysis on ITT
Institutional Trading of ITT
Several large investors have recently made changes to their positions in ITT. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of ITT during the second quarter worth $28,000. Trust Co. of Vermont acquired a new position in ITT during the second quarter valued at $33,000. Elyxium Wealth LLC purchased a new stake in ITT in the fourth quarter valued at $29,000. Bayban acquired a new stake in ITT during the 4th quarter worth about $31,000. Finally, Parkside Financial Bank & Trust grew its position in ITT by 62.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate's stock worth $34,000 after purchasing an additional 76 shares during the period. 91.59% of the stock is owned by hedge funds and other 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.
Read More
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].
