ITT Inc. $ITT Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lowered its position in shares of ITT Inc. (NYSE:ITT) by 56.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,530 shares of the conglomerate’s stock after selling 3,240 shares during the period. Shell Asset Management Co.’s holdings in ITT were worth $452,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ITT. HighTower Advisors LLC increased its stake in ITT by 9.7% during the 3rd quarter. HighTower Advisors LLC now owns 9,886 shares of the conglomerate’s stock valued at $1,768,000 after buying an additional 874 shares during the period. Eagle Bluffs Wealth Management LLC raised its position in shares of ITT by 0.9% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 18,518 shares of the conglomerate’s stock worth $3,310,000 after purchasing an additional 158 shares during the period. Assetmark Inc. lifted its stake in ITT by 10.9% during the third quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock valued at $100,000 after buying an additional 55 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of ITT by 89.9% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 5,795 shares of the conglomerate’s stock valued at $1,036,000 after acquiring an additional 2,743 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new position in shares of ITT during the third quarter valued at $345,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ITT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson set a $245.00 target price on shares of ITT in a research report on Monday, February 9th. Citigroup increased their price objective on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Finally, Stifel Nicolaus lifted their target price on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $216.11.

ITT Stock Up 0.8%

Shares of ITT stock opened at $204.78 on Wednesday. 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 stock has a market cap of $17.61 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. The business has a fifty day simple moving average of $183.53 and a 200 day simple moving average of $179.11. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $207.98.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.06. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates 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 firm earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Research analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be given a $0.386 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio is currently 22.91%.

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.