Diversified Trust Co Buys Shares of 13,007 ITT Inc. $ITT

Diversified Trust Co bought a new stake in shares of ITT Inc. (NYSE:ITT) in the first quarter, Holdings Channel reports. The fund bought 13,007 shares of the conglomerate’s stock, valued at approximately $2,478,000.

Other large investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in shares of ITT in the 4th quarter worth approximately $29,000. Bayban bought a new position in ITT during the fourth quarter valued at $31,000. Parkside Financial Bank & Trust grew its holdings in ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 76 shares during the period. Triumph Capital Management purchased a new stake in ITT in the third quarter worth $37,000. Finally, Entrust Financial LLC purchased a new stake in ITT in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays boosted their target price on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. DA Davidson lifted their price objective on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Stifel Nicolaus set a $246.00 price objective on ITT in a research note on Thursday, May 7th. Finally, KeyCorp upped their price objective 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 equities 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, ITT currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.91.

Insider Activity at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value of $41,682.00. Following the sale, the chief accounting officer directly owned 7,859 shares in the company, valued at $1,637,894.19. This represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. The trade was a 44.93% 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 insiders.

ITT Stock Performance

NYSE:ITT opened at $196.66 on Monday. The business’s fifty day moving average is $203.14 and its 200 day moving average is $192.79. The firm has a market cap of $17.58 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 1.85 and a beta of 1.27. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. ITT Inc. has a 52-week low of $149.02 and a 52-week high of $225.26.

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

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be given a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, June 8th. ITT’s dividend payout ratio (DPR) is 27.16%.

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.