BOK Financial Private Wealth Inc. Sells 5,817 Shares of ITT Inc. $ITT

BOK Financial Private Wealth Inc. decreased its position in ITT Inc. (NYSE:ITT) by 38.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,182 shares of the conglomerate’s stock after selling 5,817 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in ITT were worth $1,641,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ITT. Amundi grew its position in shares of ITT by 22,565.6% in the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after buying an additional 7,221 shares during the period. Goldman Sachs Group Inc. raised its stake in ITT by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after buying an additional 28,937 shares during the last quarter. Empowered Funds LLC bought a new stake in ITT in the first quarter worth $360,000. Focus Partners Wealth grew its stake in shares of ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock worth $1,017,000 after acquiring an additional 3,515 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of ITT by 12.2% in the second quarter. Allianz Asset Management GmbH now owns 62,043 shares of the conglomerate’s stock worth $9,730,000 after acquiring an additional 6,769 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Price Performance

NYSE ITT opened at $204.78 on Wednesday. The company has a 50-day moving average price of $183.53 and a 200-day moving average price of $179.11. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $207.98. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $17.61 billion, a P/E ratio of 33.51, a PEG ratio of 1.89 and a beta of 1.37.

ITT (NYSE:ITT) last posted its quarterly earnings data 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. ITT had a net margin of 12.39% and a return on equity of 17.74%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Equities research analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be paid a $0.386 dividend. This is a positive change from ITT’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 6th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is currently 22.91%.

Analyst Upgrades and Downgrades

ITT has been the subject of several recent analyst reports. Citigroup lifted their price target on ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. KeyCorp increased their price target on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Robert W. Baird set a $222.00 price target on shares of ITT in a research report on Friday, February 6th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target 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.