Citizens Financial Group Inc. RI Purchases New Shares in ITT Inc. $ITT

Citizens Financial Group Inc. RI acquired a new position in shares of ITT Inc. (NYSE:ITT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,881 shares of the conglomerate’s stock, valued at approximately $550,000.

A number of other institutional investors also recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new stake in shares of ITT in the fourth quarter valued at approximately $29,000. Bayban acquired a new position in ITT during the 4th quarter worth $31,000. Parkside Financial Bank & Trust boosted its position in ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after buying an additional 76 shares during the last quarter. Entrust Financial LLC bought a new position in ITT in the 4th quarter valued at $36,000. Finally, Triumph Capital Management acquired a new stake in shares of ITT in the 3rd quarter valued at $37,000. 91.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on ITT. The Goldman Sachs Group started coverage on shares of ITT in a report on Tuesday, March 31st. They set a “buy” rating and a $270.00 target price for the company. Citigroup raised their price target on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Barclays upped their price objective on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. KeyCorp increased their target price on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen cut ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $234.42.

Insider Activity

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lori B. Marino sold 7,123 shares of the business’s 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 completion of the sale, the insider owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.88% of the company’s stock.

ITT Stock Down 0.4%

ITT stock opened at $194.06 on Thursday. The company has a market cap of $17.35 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 1.83 and a beta of 1.27. ITT Inc. has a twelve month low of $154.29 and a twelve month high of $225.26. The business has a 50 day moving average price of $194.32 and a two-hundred day moving average price of $194.88. 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 (NYSE:ITT) last released its quarterly earnings data 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 company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. ITT’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Analysts anticipate that ITT Inc. will post 7.91 EPS for the current fiscal year.

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 8th were 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 of this dividend was Monday, June 8th. ITT’s payout ratio is presently 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.