Kennedy Capital Management LLC Sells 15,739 Shares of ITT Inc. $ITT

Kennedy Capital Management LLC decreased its holdings in shares of ITT Inc. (NYSE:ITT) by 12.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 112,965 shares of the conglomerate’s stock after selling 15,739 shares during the period. Kennedy Capital Management LLC owned 0.14% of ITT worth $20,194,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in ITT during the second quarter valued at approximately $140,815,000. AQR Capital Management LLC lifted its holdings in ITT by 47.4% during the second quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate’s stock worth $86,993,000 after buying an additional 178,539 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in ITT by 36.6% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 521,429 shares of the conglomerate’s stock valued at $93,211,000 after acquiring an additional 139,666 shares in the last quarter. Invesco Ltd. boosted its position in ITT by 14.2% during the 2nd quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate’s stock valued at $171,690,000 after acquiring an additional 135,768 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of ITT by 23.9% in the 2nd quarter. Raymond James Financial Inc. now owns 590,874 shares of the conglomerate’s stock valued at $92,667,000 after acquiring an additional 114,150 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays started coverage on ITT in a research note on Monday. They set an “equal weight” rating and a $220.00 price objective for the company. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Citigroup boosted their price objective on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. DA Davidson set a $245.00 target price on shares of ITT in a research report on Monday, February 9th. Finally, KeyCorp raised their target price on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $216.50.

ITT Stock Performance

Shares of ITT stock traded down $1.34 during midday trading on Friday, hitting $185.22. The company had a trading volume of 24,691 shares, compared to its average volume of 932,480. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 1.75 and a beta of 1.34. 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 company has a fifty day simple moving average of $191.12 and a 200 day simple moving average of $182.57. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $209.70.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The company 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. The ex-dividend date 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 25.20%.

Insider Activity at ITT

In related news, CEO Luca Savi sold 63,450 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total value of $12,099,280.50. Following the sale, the chief executive officer owned 262,354 shares in the company, valued at $50,028,284.26. This represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is owned by company insiders.

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.