Marks Group Wealth Management Inc Lowers Stock Holdings in ITT Inc. $ITT

Marks Group Wealth Management Inc reduced its position in ITT Inc. (NYSE:ITT) by 13.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 50,354 shares of the conglomerate’s stock after selling 7,510 shares during the period. ITT comprises approximately 0.8% of Marks Group Wealth Management Inc’s holdings, making the stock its 27th biggest holding. Marks Group Wealth Management Inc’s holdings in ITT were worth $8,737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ITT. Elyxium Wealth LLC purchased a new stake in ITT in the 4th quarter worth approximately $29,000. Entrust Financial LLC purchased a new stake in ITT in the 4th quarter worth approximately $36,000. Triumph Capital Management purchased a new stake in ITT in the 3rd quarter worth approximately $37,000. Measured Wealth Private Client Group LLC purchased a new stake in ITT in the 3rd quarter worth approximately $43,000. Finally, Key Financial Inc purchased a new stake in ITT in the 3rd quarter worth approximately $47,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on ITT. KeyCorp lifted their target price on shares of ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $246.00 target price on shares of ITT in a research note on Thursday, May 7th. The Goldman Sachs Group started coverage on shares of ITT in a report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price target on the stock. DA Davidson lifted their price target on shares of ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Barclays lifted 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. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $234.91.

ITT Stock Down 0.3%

Shares of ITT opened at $190.84 on Tuesday. The firm has a market cap of $17.06 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. The company’s fifty day moving average is $203.36 and its two-hundred day moving average is $192.18. ITT Inc. has a fifty-two week low of $149.02 and a fifty-two week high of $225.26. 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 issued its earnings results 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 business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm posted $1.45 EPS. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Analysts forecast that ITT Inc. will post 7.9 earnings per share for the current year.

ITT Dividend Announcement

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

Insiders Place Their Bets

In other news, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’s stock in a transaction 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 owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $1,483,507.21. Following the transaction, the insider directly owned 8,729 shares in the company, valued at $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. Company insiders own 0.88% of the company’s stock.

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.