Johnson Investment Counsel Inc. Has $2.66 Million Holdings in ITT Inc. $ITT

Johnson Investment Counsel Inc. raised its position in ITT Inc. (NYSE:ITT) by 448.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,875 shares of the conglomerate’s stock after purchasing an additional 12,165 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in ITT were worth $2,659,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Financial Gravity Companies Inc. bought a new position in shares of ITT during the second quarter worth about $27,000. True Wealth Design LLC boosted its position in ITT by 219.2% during the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 114 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of ITT during the 2nd quarter worth approximately $34,000. Quent Capital LLC bought a new position in ITT in the third quarter valued at $37,000. Finally, MTM Investment Management LLC acquired a new stake in shares of ITT in the second quarter valued at about $39,000. 91.59% of the stock is currently owned by institutional investors.

ITT Price Performance

NYSE:ITT opened at $201.90 on Thursday. ITT Inc. has a one year low of $105.64 and a one year high of $207.98. The company has a market cap of $17.37 billion, a P/E ratio of 33.04, a P/E/G ratio of 1.86 and a beta of 1.37. The firm’s fifty day moving average price is $181.39 and its two-hundred day moving average price is $177.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07.

ITT (NYSE:ITT) last posted its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.06. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. ITT’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Equities analysts expect that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be given a $0.386 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is currently 25.20%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ITT. KeyCorp raised their price target on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Citigroup raised their target price on shares of ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a report on Monday, January 19th. Robert W. Baird set a $222.00 price target on shares of ITT in a research note on Friday, February 6th. Finally, DA Davidson set a $245.00 price objective on shares of ITT in a research report on Monday. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ITT currently has a consensus rating of “Buy” and a consensus target price of $216.11.

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.