Corient Private Wealth LLC Sells 2,608 Shares of ITT Inc. $ITT

Corient Private Wealth LLC trimmed its position in shares of ITT Inc. (NYSE:ITT) by 21.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,350 shares of the conglomerate’s stock after selling 2,608 shares during the quarter. Corient Private Wealth LLC’s holdings in ITT were worth $1,633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ITT. Elyxium Wealth LLC bought a new stake in shares of ITT in the 4th quarter worth approximately $29,000. Bayban purchased a new position in ITT during the fourth quarter valued at $31,000. Parkside Financial Bank & Trust boosted its stake in ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 76 shares in the last quarter. Triumph Capital Management purchased a new stake in ITT during the 3rd quarter valued at about $37,000. Finally, Entrust Financial LLC purchased a new stake in shares of ITT during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Price Performance

Shares of NYSE:ITT opened at $197.53 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $17.66 billion, a PE ratio of 34.84, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27. The firm’s 50 day moving average price is $200.11 and its 200-day moving average price is $193.73. ITT Inc. has a twelve month low of $154.29 and a twelve month high of $225.26.

ITT (NYSE:ITT) last released its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.21. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The company’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the firm earned $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities research analysts expect that ITT Inc. will post 7.91 EPS for the current year.

ITT Dividend Announcement

The business 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 0.8%. ITT’s dividend payout ratio (DPR) is 27.16%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ITT. The Goldman Sachs Group assumed coverage on shares of ITT in a report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price objective for the company. DA Davidson upped their price target on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. Citigroup boosted their target price on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. BMO Capital Markets started coverage on shares of ITT in a research note on Friday, March 27th. They set an “outperform” rating and a $233.00 target price on the stock. Finally, KeyCorp raised their price target on shares of ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $234.91.

Insider Transactions at ITT

In other ITT news, 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 sale, the chief accounting officer owned 7,859 shares in the company, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the transaction, the insider directly owned 8,729 shares in the company, valued at $1,817,988.83. This represents a 44.93% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by insiders.

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.