Convergence Investment Partners LLC Invests $783,000 in ITT Inc. $ITT

Convergence Investment Partners LLC acquired a new position in ITT Inc. (NYSE:ITT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,514 shares of the conglomerate’s stock, valued at approximately $783,000.

Several other large investors also recently made changes to their positions in ITT. Quent Capital LLC acquired a new stake in shares of ITT in the third quarter worth $37,000. Triumph Capital Management acquired a new stake in shares of ITT in the third quarter worth $37,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of ITT in the third quarter worth $43,000. Key Financial Inc acquired a new stake in shares of ITT in the third quarter worth $47,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of ITT in the fourth quarter worth $64,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Trading Down 3.9%

NYSE ITT opened at $194.86 on Friday. ITT Inc. has a 12 month low of $145.41 and a 12 month 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. The company has a market capitalization of $17.42 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 1.83 and a beta of 1.32. The company’s fifty day moving average price is $201.55 and its two-hundred day moving average price is $191.25.

ITT (NYSE:ITT) last posted its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 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 firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm posted $1.45 EPS. The firm’s 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, research analysts predict that ITT Inc. will post 7.91 earnings per share for the current fiscal year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be 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 is Monday, June 8th. ITT’s dividend payout ratio (DPR) is presently 27.16%.

Insider Transactions at ITT

In other news, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 8,729 shares in the company, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 70,773 shares of company stock worth $13,624,470. 0.88% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ITT has been the subject of several recent research reports. DA Davidson increased their price objective on shares of ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Weiss Ratings lowered shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Barclays raised their price target on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. KeyCorp raised their price target on shares of ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, BMO Capital Markets started coverage on shares of ITT in a report on Friday, March 27th. They set an “outperform” rating and a $233.00 price target for the company. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $234.91.

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.