Rep. Jefferson Shreve Sells ITT Inc. (NYSE:ITT) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of ITT Inc. NYSE: ITT. In a filing disclosed on March 09th, the Representative disclosed that they had sold between $50,001 and $100,000 in ITT stock on February 24th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025.
• Sold $15,001 - $50,000 in shares of Norfolk Southern NYSE: NSC on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025.
• Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 2/24/2025.

ITT Stock Down 0.7 %

ITT stock traded down $0.99 during mid-day trading on Tuesday, reaching $133.89. 716,688 shares of the company traded hands, compared to its average volume of 437,202. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 1.89 and a beta of 1.42. ITT Inc. has a fifty-two week low of $121.01 and a fifty-two week high of $161.13. The firm's 50 day moving average price is $144.90 and its 200 day moving average price is $146.05. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08.

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ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. As a group, equities research analysts predict that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.351 per share. This is an increase from ITT's previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.05%. ITT's payout ratio is currently 22.22%.

Analyst Ratings Changes

A number of research firms recently weighed in on ITT. StockNews.com upgraded ITT from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Wolfe Research initiated coverage on ITT in a research note on Wednesday, December 11th. They set a "peer perform" rating for the company. KeyCorp lifted their target price on shares of ITT from $164.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Citigroup dropped their price target on shares of ITT from $183.00 to $181.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, Stifel Nicolaus decreased their price objective on shares of ITT from $180.00 to $179.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.38.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ITT. Capital Performance Advisors LLP purchased a new position in shares of ITT during the 3rd quarter valued at $26,000. Rialto Wealth Management LLC purchased a new position in shares of ITT in the fourth quarter valued at about $26,000. Resources Management Corp CT ADV bought a new position in shares of ITT in the third quarter worth about $30,000. ORG Wealth Partners LLC purchased a new stake in shares of ITT during the fourth quarter worth about $30,000. Finally, Whipplewood Advisors LLC bought a new stake in ITT during the 4th quarter valued at approximately $34,000. Institutional investors own 91.59% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

ITT Company Profile

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.