Seven Grand Managers LLC Takes $43.38 Million Position in ITT Inc. $ITT

Seven Grand Managers LLC acquired a new stake in shares of ITT Inc. (NYSE:ITT) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 250,000 shares of the conglomerate’s stock, valued at approximately $43,378,000. ITT makes up about 3.3% of Seven Grand Managers LLC’s holdings, making the stock its 5th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in ITT during the 4th quarter valued at approximately $29,000. Triumph Capital Management bought a new stake in ITT during the 3rd quarter valued at approximately $37,000. Entrust Financial LLC bought a new stake in ITT during the 4th quarter valued at approximately $36,000. Measured Wealth Private Client Group LLC bought a new stake in ITT during the 3rd quarter valued at approximately $43,000. Finally, Key Financial Inc bought a new stake in ITT during the 3rd quarter valued at approximately $47,000. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ITT. KeyCorp lifted 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. Citigroup lifted their target price on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Stifel Nicolaus set a $246.00 price objective on ITT in a research note on Thursday, May 7th. Finally, Barclays lifted their price objective on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.91.

ITT Stock Performance

NYSE:ITT opened at $196.27 on Thursday. 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 Inc. has a 1 year low of $147.63 and a 1 year high of $225.26. The stock’s 50 day simple moving average is $202.65 and its two-hundred day simple moving average is $191.84. The company has a market cap of $17.55 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 1.89 and a beta of 1.32.

ITT (NYSE:ITT) last released its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. The business had revenue of $1.21 billion for 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 company’s revenue was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, equities analysts anticipate that ITT Inc. will post 7.91 earnings per share for the current fiscal year.

ITT Dividend Announcement

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

Insider Activity

In other 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 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 document filed with the SEC, 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 shares were 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 approximately $1,637,894.19. This represents a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 70,773 shares of company stock valued at $13,624,470. 0.88% of the stock is currently owned by insiders.

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.