Entropy Technologies LP Takes Position in ITT Inc. $ITT

Entropy Technologies LP bought a new position in shares of ITT Inc. (NYSE:ITT) during the first quarter, HoldingsChannel reports. The fund bought 7,471 shares of the conglomerate’s stock, valued at approximately $1,423,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Andina Capital Management LLC increased its holdings in ITT by 1.6% in the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock valued at $549,000 after purchasing an additional 49 shares during the period. Kestra Private Wealth Services LLC boosted its stake in ITT by 2.8% during the first quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after acquiring an additional 52 shares in the last quarter. Whittier Trust Co. boosted its stake in ITT by 5.1% during the first quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after acquiring an additional 52 shares in the last quarter. Toronto Dominion Bank grew its holdings in ITT by 2.2% in the fourth quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after purchasing an additional 53 shares during the period. Finally, Stephens Inc. AR increased its stake in ITT by 3.8% in the fourth quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after purchasing an additional 60 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ITT

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

ITT Stock Up 0.8%

ITT stock opened at $197.50 on Tuesday. The firm has a 50 day simple moving average of $192.92 and a 200 day simple moving average of $195.87. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. ITT Inc. has a 1-year low of $157.66 and a 1-year high of $225.26. The firm has a market capitalization of $17.66 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 1.84 and a beta of 1.27.

ITT (NYSE:ITT) last posted its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.12 billion. During the same period last year, the company earned $1.45 earnings per share. 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. On average, analysts predict that ITT Inc. will post 7.89 earnings per share for the current year.

ITT Dividend Announcement

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

Analyst Ratings Changes

ITT has been the topic of several research reports. Weiss Ratings downgraded shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. KeyCorp boosted 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. Citigroup increased their target price on shares of ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Stifel Nicolaus increased their price objective on ITT from $246.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, The Goldman Sachs Group started coverage on ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price on the stock. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $234.75.

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.