Janus Henderson Group PLC Sells 83,049 Shares of ITT Inc. $ITT

Janus Henderson Group PLC cut its holdings in shares of ITT Inc. (NYSE:ITT) by 11.6% during the first quarter, Holdings Channel.com reports. The firm owned 631,201 shares of the conglomerate’s stock after selling 83,049 shares during the period. Janus Henderson Group PLC’s holdings in ITT were worth $120,266,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Bull Harbor Capital LLC bought a new stake in ITT during the 1st quarter valued at $946,000. Strategic Investment Advisors MI bought a new position in shares of ITT in the 1st quarter worth $229,000. Amundi raised its position in shares of ITT by 1,215.2% in the 1st quarter. Amundi now owns 240,490 shares of the conglomerate’s stock worth $45,821,000 after acquiring an additional 222,204 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of ITT by 152.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,461 shares of the conglomerate’s stock worth $469,000 after purchasing an additional 1,488 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of ITT by 23.8% during the 1st quarter. California State Teachers Retirement System now owns 101,016 shares of the conglomerate’s stock worth $19,247,000 after purchasing an additional 19,397 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Transactions at ITT

In other ITT news, insider Lori B. Marino sold 7,123 shares of the business’s stock in a transaction dated 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 sale, the insider owned 8,729 shares in the company, 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 Securities & Exchange Commission, 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 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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.88% of the company’s stock.

ITT Trading Up 1.3%

Shares of ITT stock opened at $195.59 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. ITT Inc. has a 12-month low of $157.66 and a 12-month high of $225.26. The firm has a market capitalization of $17.49 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 1.82 and a beta of 1.27. The firm’s 50 day simple moving average is $193.07 and its two-hundred day simple moving average is $196.17.

ITT (NYSE:ITT) last posted its quarterly earnings results 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. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company posted $1.45 earnings per share. The business’s quarterly revenue was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Analysts predict that ITT Inc. will post 7.89 EPS for the current year.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 8th were paid a $0.386 dividend. The ex-dividend date was Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is 27.16%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ITT shares. Weiss Ratings cut shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Robert W. Baird set a $246.00 price objective on ITT in a research report on Thursday, May 7th. Stifel Nicolaus boosted their target price on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. DA Davidson upped their target price on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, KeyCorp increased their price target on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $234.75.

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.