Entropy Technologies LP Makes New $1.42 Million Investment in ITT Inc. $ITT

Entropy Technologies LP bought a new stake in shares of ITT Inc. (NYSE:ITT) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,471 shares of the conglomerate’s stock, valued at approximately $1,423,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Elyxium Wealth LLC bought a new stake in ITT during the fourth quarter worth approximately $29,000. Bayban acquired a new stake in ITT in the 4th quarter worth $31,000. Parkside Financial Bank & Trust increased its stake in ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 76 shares during the period. Entrust Financial LLC bought a new stake in shares of ITT during the fourth quarter valued at approximately $36,000. Finally, Triumph Capital Management bought a new stake in ITT in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ITT shares. The Goldman Sachs Group started coverage on ITT in a report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price for the company. Weiss Ratings lowered ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. DA Davidson lifted their price objective on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. Barclays boosted their price target 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. Finally, Wall Street Zen cut ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, ITT presently has an average rating of “Moderate Buy” and a consensus target price of $234.75.

ITT Stock Performance

Shares of ITT opened at $197.50 on Tuesday. ITT Inc. has a 12 month low of $157.66 and a 12 month high of $225.26. The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 1.84 and a beta of 1.27. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $192.92 and a 200 day simple moving average of $195.87.

ITT (NYSE:ITT) last posted its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The business’s revenue was up 32.7% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Research analysts forecast that ITT Inc. will post 7.89 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders 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 currently 27.16%.

Insiders Place Their Bets

In other news, CAO Mesa Graziano Cheryl De sold 200 shares of ITT 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 completion of the transaction, the chief accounting officer owned 7,859 shares of the company’s stock, valued at $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 approximately $1,817,988.83. This trade represents a 44.93% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.88% of the company’s stock.

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.