Capital International Inc. CA Buys 20,848 Shares of ITT Inc. $ITT

Capital International Inc. CA lifted its stake in shares of ITT Inc. (NYSE:ITT) by 129.6% during the fourth quarter, HoldingsChannel reports. The firm owned 36,935 shares of the conglomerate’s stock after acquiring an additional 20,848 shares during the quarter. Capital International Inc. CA’s holdings in ITT were worth $6,409,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital International Investors raised its stake in shares of ITT by 3.0% during the 4th quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock worth $1,526,421,000 after purchasing an additional 258,936 shares in the last quarter. Vanguard Group Inc. raised its stake 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 acquiring an additional 620,217 shares during the period. Geode Capital Management LLC raised its stake in ITT by 15.6% in the 4th quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock valued at $280,267,000 after acquiring an additional 217,360 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake 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 acquiring an additional 1,515,695 shares during the period. Finally, Alliancebernstein L.P. raised its stake in ITT by 11.2% in the 3rd quarter. Alliancebernstein L.P. now owns 1,188,219 shares of the conglomerate’s stock valued at $212,406,000 after acquiring an additional 119,601 shares during the period. Institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

ITT opened at $190.84 on Tuesday. The firm has a market cap of $17.06 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. ITT Inc. has a 52-week low of $149.02 and a 52-week high of $225.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The business’s fifty day moving average is $203.36 and its 200-day moving average is $192.18.

ITT (NYSE:ITT) last released its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.21. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.ITT’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Sell-side analysts expect that ITT Inc. will post 7.9 EPS for the current fiscal year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors 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 yield of 0.8%. ITT’s dividend payout ratio (DPR) is 27.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ITT shares. Citigroup increased their price target on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Robert W. Baird set a $246.00 price target on ITT in a research note on Thursday, May 7th. Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group initiated coverage on ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 price objective on the stock. Finally, KeyCorp increased their price objective on ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, ITT presently has an average rating of “Moderate Buy” and a consensus target price of $234.91.

Insider Activity

In related news, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the sale, the insider directly owned 8,729 shares of the company’s stock, valued at $1,817,988.83. This trade represents a 44.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the sale, the chief accounting officer directly owned 7,859 shares in the company, valued at $1,637,894.19. This trade represents a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.88% of the company’s stock.

About ITT

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.