9,000 Shares in ITT Inc. $ITT Bought by Primecap Management Co. CA

Primecap Management Co. CA bought a new stake in shares of ITT Inc. (NYSE:ITT) during the 2nd quarter, Holdings Channel reports. The firm bought 9,000 shares of the conglomerate’s stock, valued at approximately $1,780,000.

Other hedge funds have also bought and sold shares of the company. Andina Capital Management LLC raised its stake in shares of ITT by 1.6% in the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after buying an additional 49 shares during the period. Kestra Private Wealth Services LLC lifted its position in shares of ITT by 2.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock valued at $370,000 after buying an additional 52 shares in the last quarter. Whittier Trust Co. grew its stake in shares of ITT by 5.1% during the 1st quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock valued at $207,000 after acquiring an additional 52 shares during the period. Toronto Dominion Bank grew its stake in shares of ITT by 2.2% during the 4th quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock valued at $430,000 after acquiring an additional 53 shares during the period. Finally, Stephens Inc. AR increased its holdings in ITT by 3.8% in the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock worth $287,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $214.54, for a total value of $150,178.00. Following the sale, the chief accounting officer owned 7,159 shares of the company’s stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.88% of the stock is owned by corporate insiders.

ITT Stock Up 2.2%

Shares of ITT stock opened at $210.50 on Thursday. The company’s fifty day simple moving average is $199.83 and its two-hundred day simple moving average is $199.68. ITT Inc. has a 52 week low of $166.96 and a 52 week high of $230.32. The stock has a market cap of $18.82 billion, a P/E ratio of 41.27, a PEG ratio of 1.68 and a beta of 1.27. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business posted $1.64 earnings per share. The business’s quarterly revenue was up 51.5% compared to the same quarter last year. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Analysts predict that ITT Inc. will post 8.25 EPS for the current fiscal year.

ITT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is currently 30.20%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ITT. KeyCorp raised their target price on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Citigroup upped their price target on shares of ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Barclays raised their price objective on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Wolfe Research upgraded shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price on the stock in a research note on Thursday, July 9th. Finally, Weiss Ratings downgraded shares of ITT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $241.08.

ITT 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.