ITT Inc. $ITT Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC grew its position in ITT Inc. (NYSE:ITT) by 121.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,797 shares of the conglomerate’s stock after purchasing an additional 3,175 shares during the period. HB Wealth Management LLC’s holdings in ITT were worth $1,105,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC grew its holdings in ITT by 5.1% in the 1st quarter. Private Advisor Group LLC now owns 9,331 shares of the conglomerate’s stock worth $1,778,000 after buying an additional 457 shares in the last quarter. Optas LLC raised its stake in ITT by 133.0% during the 1st quarter. Optas LLC now owns 2,756 shares of the conglomerate’s stock valued at $525,000 after acquiring an additional 1,573 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in ITT during the 1st quarter worth $365,000. Platform Technology Partners acquired a new position in ITT during the 1st quarter worth $219,000. Finally, Eagle Bluffs Wealth Management LLC grew its stake in shares of ITT by 1.4% in the first quarter. Eagle Bluffs Wealth Management LLC now owns 19,226 shares of the conglomerate’s stock worth $3,671,000 after purchasing an additional 258 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ITT shares. Robert W. Baird set a $246.00 price objective on shares of ITT in a research note on Thursday, May 7th. The Goldman Sachs Group began coverage on shares of ITT in a research note on Tuesday, March 31st. They set a “buy” rating and a $270.00 target price on the stock. Barclays boosted their price target on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. DA Davidson increased their price objective on shares of ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Stifel Nicolaus set a $246.00 price objective on shares of ITT in a research note on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.91.

ITT Trading Up 0.1%

ITT stock opened at $184.89 on Thursday. ITT Inc. has a 52 week low of $154.29 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 firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 1.74 and a beta of 1.27. The company has a 50 day moving average price of $196.34 and a 200 day moving average price of $194.29.

ITT (NYSE:ITT) last announced its quarterly earnings data 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. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the business earned $1.45 EPS. The business’s revenue for the quarter was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Research analysts forecast that ITT Inc. will post 7.91 EPS for the current year.

ITT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 8th were paid a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 8th. ITT’s payout ratio is presently 27.16%.

Insider Buying and Selling at ITT

In other news, 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 value of $1,483,507.21. Following the transaction, the insider 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the sale, the chief accounting officer owned 7,859 shares of the company’s stock, valued at $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by insiders.

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.