Chicago Partners Investment Group LLC Purchases 4,944 Shares of ITT Inc. $ITT

Chicago Partners Investment Group LLC lifted its position in shares of ITT Inc. (NYSE:ITT) by 129.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,778 shares of the conglomerate’s stock after buying an additional 4,944 shares during the period. Chicago Partners Investment Group LLC’s holdings in ITT were worth $1,672,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new stake in shares of ITT in the fourth quarter valued at approximately $29,000. Bayban bought a new stake in shares of ITT in the fourth quarter worth $31,000. Parkside Financial Bank & Trust boosted its holdings in ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 76 shares during the last quarter. Entrust Financial LLC acquired a new position in ITT during the fourth quarter worth $36,000. Finally, Triumph Capital Management bought a new position in ITT in the third quarter valued at $37,000. Institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

Shares of ITT opened at $195.05 on Wednesday. The company has a market cap of $17.44 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. The firm has a 50-day moving average of $194.79 and a 200-day moving average of $194.76. ITT Inc. has a one year low of $154.29 and a one year high of $225.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01.

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

ITT Announces Dividend

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

Insider Activity at ITT

In related news, insider Lori B. Marino sold 7,123 shares of the business’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $41,682.00. Following the transaction, the chief accounting officer directly owned 7,859 shares in the company, valued at $1,637,894.19. The trade was 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 owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ITT shares. KeyCorp lifted their price target on shares of ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. BMO Capital Markets began coverage on ITT in a report on Friday, March 27th. They issued an “outperform” rating and a $233.00 price objective for the company. Robert W. Baird set a $246.00 target price on ITT in a research report on Thursday, May 7th. Finally, Citigroup upped their target price on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. 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 company has an average rating of “Moderate Buy” and a consensus target price of $234.42.

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.