Sanctuary Advisors LLC Acquires Shares of 4,865 ITT Inc. $ITT

Key Points

• Sanctuary Advisors LLC initiated a position in ITT by purchasing 4,865 shares valued at approximately $962,000. Institutional investors collectively own 91.59% of ITT’s outstanding stock.
• Analysts remain positive, with 10 Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $241.08.
• ITT exceeded quarterly expectations with $2.08 in earnings per share and $1.47 billion in revenue, while declaring a quarterly dividend of $0.386 per share, equivalent to a 0.7% yield.

Sanctuary Advisors LLC bought a new position in ITT Inc. (NYSE:ITT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,865 shares of the conglomerate's stock, valued at approximately $962,000.

Several other institutional investors and hedge funds have also modified their holdings of ITT. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in ITT during the second quarter valued at $28,000. Elyxium Wealth LLC acquired a new position in ITT in the 4th quarter worth about $29,000. Bayban acquired a new position in ITT in the 4th quarter worth about $31,000. Trust Co. of Vermont purchased a new stake in shares of ITT during the 2nd quarter worth about $33,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of ITT by 62.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate's stock valued at $34,000 after buying an additional 76 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ITT has been the subject of several recent research reports. Robert W. Baird set a $246.00 price target on ITT in a research note on Thursday, May 7th. Citigroup lifted their target price on shares of ITT from $254.00 to $267.00 and gave the company a "buy" rating in a research note on Friday, August 7th. DA Davidson boosted their target price on shares of ITT from $255.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Stifel Nicolaus increased their price target on shares of ITT from $246.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Finally, KeyCorp raised their price target on shares of ITT from $250.00 to $263.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, ITT presently has a consensus rating of "Moderate Buy" and a consensus price target of $241.08.

ITT Stock Performance

Shares of NYSE ITT opened at $207.90 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 40.77, a P/E/G ratio of 1.72 and a beta of 1.27. The business's 50-day simple moving average is $200.06 and its 200-day simple moving average is $199.68. ITT Inc. has a 52 week low of $166.96 and a 52 week high of $230.32.

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

ITT Announces Dividend

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 paid a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 8th. ITT's payout ratio is presently 30.20%.

Insider Activity

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the company's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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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