2,895 Shares in ITT Inc. $ITT Acquired by Andina Capital Management LLC

Key Points

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Andina Capital Management LLC bought a new position in ITT Inc. (NYSE:ITT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,895 shares of the conglomerate's stock, valued at approximately $374,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ITT. Quarry LP increased its stake in shares of ITT by 101.6% in the fourth quarter. Quarry LP now owns 248 shares of the conglomerate's stock valued at $35,000 after buying an additional 125 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in ITT in the fourth quarter worth about $59,000. Versant Capital Management Inc grew its position in shares of ITT by 3,513.3% during the 1st quarter. Versant Capital Management Inc now owns 542 shares of the conglomerate's stock worth $70,000 after buying an additional 527 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in shares of ITT by 13.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 749 shares of the conglomerate's stock worth $107,000 after buying an additional 87 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of ITT by 72.7% during the 1st quarter. Farther Finance Advisors LLC now owns 786 shares of the conglomerate's stock worth $103,000 after buying an additional 331 shares during the period. 91.59% of the stock is owned by institutional investors.

Insider Buying and Selling at ITT

In related news, CEO Luca Savi sold 36,385 shares of ITT stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total transaction of $5,994,792.60. Following the sale, the chief executive officer directly owned 297,536 shares in the company, valued at approximately $49,022,031.36. This trade represents a 10.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is owned by corporate insiders.

ITT Stock Performance

Shares of ITT stock traded up $6.0290 during trading on Friday, reaching $170.9290. 381,451 shares of the company's stock were exchanged, compared to its average volume of 505,478. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The firm's fifty day moving average price is $160.15 and its 200-day moving average price is $146.69. ITT Inc. has a twelve month low of $105.64 and a twelve month high of $171.70. The stock has a market capitalization of $13.33 billion, a PE ratio of 26.88, a PEG ratio of 2.04 and a beta of 1.38.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The conglomerate reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.02. The business had revenue of $972.40 million for the quarter, compared to analyst estimates of $947.48 million. ITT had a return on equity of 18.08% and a net margin of 13.99%.ITT's revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $1.49 earnings per share. ITT has set its FY 2025 guidance at 6.350-6.550 EPS. As a group, sell-side analysts anticipate that ITT Inc. will post 6.51 EPS for the current year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Tuesday, September 2nd will be issued a $0.351 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 2nd. ITT's dividend payout ratio (DPR) is currently 22.01%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ITT shares. The Goldman Sachs Group lifted their price objective on ITT from $160.00 to $177.00 and gave the company a "buy" rating in a report on Monday, May 19th. Stifel Nicolaus lifted their price objective on ITT from $197.00 to $202.00 and gave the company a "buy" rating in a report on Friday, August 1st. Bank of America lifted their price objective on ITT from $145.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Citigroup reiterated a "buy" rating and set a $186.00 price objective (up previously from $159.00) on shares of ITT in a report on Monday, July 14th. Finally, DA Davidson set a $190.00 price objective on ITT and gave the company a "buy" rating in a report on Monday, August 4th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $179.22.

About ITT

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.