10,700 Shares in ITT Inc. $ITT Bought by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board purchased 10,700 ITT shares worth approximately $2.12 million in the second quarter. Institutional investors collectively own 91.59% of the company.
• Analyst sentiment remains favorable, with 10 Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $241.08.
• ITT exceeded quarterly earnings expectations, reporting $2.08 in EPS and $1.47 billion in revenue, while announcing a quarterly dividend of $0.386 per share, equivalent to a 0.8% annualized yield.

Canada Pension Plan Investment Board bought a new position in ITT Inc. (NYSE:ITT - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,700 shares of the conglomerate's stock, valued at approximately $2,116,000.

Several other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of ITT during the second quarter worth about $28,000. Elyxium Wealth LLC bought a new position in ITT in the 4th quarter valued at approximately $29,000. Bayban bought a new position in ITT in the 4th quarter valued at approximately $31,000. Trust Co. of Vermont acquired a new stake in ITT during the 2nd quarter worth approximately $33,000. Finally, Parkside Financial Bank & Trust boosted 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 buying an additional 76 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ITT. BMO Capital Markets reaffirmed an "outperform" rating and set a $273.00 target price on shares of ITT in a research report on Friday, August 7th. Citigroup increased their price target on ITT from $254.00 to $267.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Weiss Ratings downgraded ITT from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, August 21st. Robert W. Baird set a $246.00 price objective on ITT in a research note on Thursday, May 7th. Finally, Stifel Nicolaus upped their target price on ITT from $246.00 to $250.00 and gave the company a "buy" rating in a report on Monday, July 20th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, ITT has a consensus rating of "Moderate Buy" and a consensus target price of $241.08.

ITT Price Performance

ITT stock opened at $202.80 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 1.66 and a beta of 1.27. The company's fifty day simple moving average is $200.18 and its 200 day simple moving average is $199.70. ITT Inc. has a 12-month low of $166.96 and a 12-month high of $230.32.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.16. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The business's revenue was up 51.5% compared to the same quarter last year. During the same period last year, the business posted $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, analysts expect that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Announces Dividend

The firm 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 dividend of $0.386 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT's dividend payout ratio (DPR) is currently 30.20%.

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of the business's stock in a transaction that occurred on 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. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.88% of the company's stock.

ITT Profile

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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