ITT (NYSE:ITT) CAO Sells $41,682.00 in Stock

Key Points

• ITT CAO Cheryl De Mesa Graziano sold 200 shares on May 7 at an average price of $208.41, totaling $41,682. After the sale, she still held 7,859 shares, and the transaction reduced her position by 2.48%.
• ITT reported better-than-expected first-quarter results, posting EPS of $1.98 versus the $1.77 consensus and revenue of $1.21 billion, up 32.7% year over year. The company also reaffirmed upbeat full-year expectations, with FY 2026 guidance set at 7.700–8.000 EPS.
• ITT announced a quarterly dividend of $0.386 per share, payable July 6 to shareholders of record on June 8. That works out to an annualized dividend of $1.54, a yield of 0.7%, and a payout ratio of 27.16%.

ITT Inc. (NYSE:ITT - Get Free Report) CAO Mesa Graziano Cheryl De sold 200 shares of the firm's stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the transaction, the chief accounting officer directly owned 7,859 shares of the company's stock, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

ITT Stock Down 0.8%

Shares of NYSE ITT traded down $1.66 during midday trading on Friday, hitting $206.13. The company's stock had a trading volume of 651,692 shares, compared to its average volume of 936,615. The business's fifty day simple moving average is $201.24 and its two-hundred day simple moving average is $190.14. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 2.07. ITT Inc. has a 1 year low of $142.64 and a 1 year high of $225.26. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 2.04 and a beta of 1.32.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, beating the consensus estimate of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The business's revenue for the quarter was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, equities analysts predict that ITT Inc. will post 7.9 EPS for the current year.

ITT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be paid a $0.386 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. ITT's dividend payout ratio (DPR) is presently 27.16%.

Institutional Trading of ITT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ITT. Northwestern Mutual Wealth Management Co. grew its position in ITT by 55,929.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate's stock valued at $263,458,000 after buying an additional 1,515,695 shares during the last quarter. Norges Bank purchased a new position in ITT in the 4th quarter valued at $194,884,000. Vanguard Group Inc. grew its position in ITT by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate's stock valued at $1,467,976,000 after buying an additional 620,217 shares during the last quarter. Findlay Park Partners LLP grew its position in ITT by 63.2% in the 4th quarter. Findlay Park Partners LLP now owns 1,230,902 shares of the conglomerate's stock valued at $213,574,000 after buying an additional 476,702 shares during the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in ITT in the 4th quarter valued at $78,080,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ITT. Stifel Nicolaus set a $246.00 price objective on shares of ITT in a research note on Thursday. Citigroup raised their price objective on shares of ITT from $252.00 to $254.00 and gave the company a "buy" rating in a research note on Thursday. BMO Capital Markets assumed coverage on shares of ITT in a report on Friday, March 27th. They issued an "outperform" rating and a $233.00 target price on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of ITT in a report on Tuesday, April 21st. Finally, KeyCorp raised their target price on shares of ITT from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $234.00.

ITT Company 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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