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

Representative Jefferson Shreve (R-Indiana) recently sold shares of ITT Inc. NYSE: ITT. In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in ITT stock on March 31st. 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 Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

ITT Stock Performance

ITT stock traded up $1.15 on Friday, reaching $127.93. 850,017 shares of the company were exchanged, compared to its average volume of 434,642. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $161.13. The stock's fifty day moving average price is $133.86 and its 200 day moving average price is $143.65. The firm has a market capitalization of $10.36 billion, a PE ratio of 20.31, a PEG ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings data 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 net margin of 14.27% and a return on equity of 18.03%. On average, research analysts anticipate that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 6th were paid a $0.351 dividend. This is an increase from ITT's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.10%. ITT's dividend payout ratio (DPR) is presently 22.22%.

Wall Street Analysts Forecast Growth

ITT has been the subject of a number of recent research reports. KeyCorp cut their target price on ITT from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus lowered their target price on shares of ITT from $179.00 to $148.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. StockNews.com upgraded shares of ITT from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. UBS Group increased their target price on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Citigroup dropped their price objective on ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $158.57.

Institutional Trading of ITT

A number of hedge funds and other institutional investors have recently made changes to their positions in ITT. Ritholtz Wealth Management bought a new stake in ITT during the 1st quarter worth about $219,000. Wealth Enhancement Advisory Services LLC boosted its position in ITT by 12.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,147 shares of the conglomerate's stock valued at $1,311,000 after buying an additional 1,098 shares during the last quarter. Everhart Financial Group Inc. increased its stake in shares of ITT by 7.2% in the 1st quarter. Everhart Financial Group Inc. now owns 8,902 shares of the conglomerate's stock valued at $1,150,000 after buying an additional 600 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in shares of ITT by 6.7% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 145,932 shares of the conglomerate's stock worth $18,849,000 after acquiring an additional 9,132 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in ITT by 16.1% in the first quarter. Fifth Third Bancorp now owns 2,460 shares of the conglomerate's stock valued at $318,000 after acquiring an additional 341 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.

About ITT

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.