ITT Inc. $ITT Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of ITT Inc. (NYSE:ITT) by 29.3% in the 1st quarter, Holdings Channel reports. The fund owned 165,061 shares of the conglomerate’s stock after buying an additional 37,430 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in ITT were worth $31,449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new position in shares of ITT in the 4th quarter valued at $29,000. Bayban acquired a new stake in ITT during the fourth quarter valued at $31,000. Parkside Financial Bank & Trust increased its holdings in ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after buying an additional 76 shares in the last quarter. Entrust Financial LLC purchased a new position in ITT in the fourth quarter valued at $36,000. Finally, Triumph Capital Management acquired a new position in shares of ITT in the third quarter worth about $37,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction that occurred 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 directly owned 7,859 shares in the company, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lori B. Marino sold 7,123 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. This represents 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 owned by corporate insiders.

ITT Stock Up 0.1%

Shares of NYSE ITT opened at $193.20 on Monday. The firm has a market cap of $17.27 billion, a price-to-earnings ratio of 34.07, a price-to-earnings-growth ratio of 1.81 and a beta of 1.27. The company’s 50-day simple moving average is $200.99 and its 200-day simple moving average is $193.41. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. ITT Inc. has a 52-week low of $154.29 and a 52-week 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 firm had revenue of $1.21 billion during 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 revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities analysts predict that ITT Inc. will post 7.91 EPS for the current fiscal year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.386 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s dividend payout ratio is presently 27.16%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets initiated 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. The Goldman Sachs Group started coverage on ITT in a report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price target for the company. Barclays increased their price target on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. KeyCorp raised their price objective on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Stifel Nicolaus set a $246.00 target price on ITT in a research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $234.91.

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.