Candriam S.C.A. Has $9.16 Million Position in ITT Inc. $ITT

Candriam S.C.A. raised its position in ITT Inc. (NYSE:ITT) by 20.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 48,094 shares of the conglomerate’s stock after buying an additional 8,311 shares during the period. Candriam S.C.A.’s holdings in ITT were worth $9,163,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ITT. Hsbc Holdings PLC increased its stake in shares of ITT by 500.6% in the first quarter. Hsbc Holdings PLC now owns 68,830 shares of the conglomerate’s stock valued at $12,984,000 after buying an additional 57,369 shares during the period. Ibex Wealth Advisors acquired a new stake in ITT during the 1st quarter worth approximately $217,000. Kestra Advisory Services LLC boosted its position in ITT by 63.4% during the 1st quarter. Kestra Advisory Services LLC now owns 5,250 shares of the conglomerate’s stock worth $1,002,000 after buying an additional 2,037 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in ITT by 3.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,621 shares of the conglomerate’s stock worth $3,357,000 after acquiring an additional 557 shares during the last quarter. Finally, Sageworth Trust Co bought a new stake in ITT during the 1st quarter worth approximately $392,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total transaction of $41,682.00. Following the sale, the chief accounting officer owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction dated 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 completion of the transaction, the insider directly owned 8,729 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.88% of the company’s stock.

ITT Stock Down 0.2%

ITT stock opened at $194.65 on Monday. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 1.83 and a beta of 1.27. ITT Inc. has a 52-week low of $154.29 and a 52-week high of $225.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The firm has a 50 day moving average price of $195.55 and a two-hundred day moving average price of $194.52.

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 company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm posted $1.45 EPS. The company’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. Equities analysts predict that ITT Inc. will post 7.91 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 issued a $0.386 dividend. The ex-dividend date was Monday, June 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s payout ratio is presently 27.16%.

Wall Street Analysts Forecast Growth

ITT has been the subject of several analyst reports. DA Davidson raised their price target on shares of ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, May 11th. KeyCorp boosted their price objective 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. The Goldman Sachs Group assumed coverage on ITT in a report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price objective for the company. Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price on the stock in a report on Thursday. Finally, Robert W. Baird set a $246.00 price target on ITT in a research report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, ITT has a consensus rating of “Moderate Buy” and an average target price of $234.42.

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.