ITT Inc. $ITT Shares Sold by Running Oak Capital LLC

Key Points

• Running Oak Capital LLC reduced its stake in ITT Inc. by 1.8% during the second quarter, now holding 111,093 shares valued at approximately $17.4 million.
• The company reported a 7.3% year-over-year revenue increase to $972.4 million and surpassed earnings expectations with an EPS of $1.64 for the last quarter.
• Analysts have a consensus rating of "Moderate Buy" for ITT with an average price target of $190.89, reflecting positive sentiment around the stock's performance.

Running Oak Capital LLC trimmed its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 1.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 111,093 shares of the conglomerate's stock after selling 2,088 shares during the quarter. ITT accounts for 1.9% of Running Oak Capital LLC's holdings, making the stock its 10th biggest position. Running Oak Capital LLC owned approximately 0.14% of ITT worth $17,423,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ITT. AdvisorNet Financial Inc boosted its holdings in shares of ITT by 26.2% in the second quarter. AdvisorNet Financial Inc now owns 487 shares of the conglomerate's stock valued at $76,000 after buying an additional 101 shares during the period. Farther Finance Advisors LLC boosted its stake in ITT by 72.7% in the 1st quarter. Farther Finance Advisors LLC now owns 786 shares of the conglomerate's stock worth $103,000 after purchasing an additional 331 shares during the period. CX Institutional acquired a new stake in shares of ITT in the 1st quarter valued at about $107,000. UMB Bank n.a. lifted its holdings in shares of ITT by 84.5% in the first quarter. UMB Bank n.a. now owns 856 shares of the conglomerate's stock valued at $111,000 after purchasing an additional 392 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of ITT by 341.1% during the first quarter. Geneos Wealth Management Inc. now owns 913 shares of the conglomerate's stock worth $118,000 after buying an additional 706 shares during the period. Institutional investors own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a "buy (b)" rating on shares of ITT in a research report on Saturday, September 27th. DA Davidson set a $190.00 price target on shares of ITT and gave the stock a "buy" rating in a research note on Monday, August 4th. Cowen reissued a "buy" rating on shares of ITT in a research report on Thursday. Stifel Nicolaus raised their target price on shares of ITT from $197.00 to $202.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, KeyCorp lifted their price target on shares of ITT from $192.00 to $200.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $190.89.

ITT Price Performance

NYSE:ITT opened at $181.04 on Monday. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $185.57. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 28.47, a P/E/G ratio of 2.23 and a beta of 1.38. The stock's 50 day moving average price is $171.92 and its two-hundred day moving average price is $154.22. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 0.24.

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

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 2nd were given a $0.351 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. ITT's dividend payout ratio is presently 22.01%.

Insider Buying and Selling at ITT

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

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.

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