6,296 Shares in ITT Inc. $ITT Acquired by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL bought a new stake in shares of ITT Inc. (NYSE:ITT) in the third quarter, Holdings Channel.com reports. The fund bought 6,296 shares of the conglomerate’s stock, valued at approximately $1,125,000. ITT accounts for 1.0% of Chesapeake Capital Corp IL’s investment portfolio, making the stock its 23rd biggest position.

Several other hedge funds have also recently added to or reduced their stakes in ITT. True Wealth Design LLC increased its stake in shares of ITT by 219.2% in the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 114 shares in the last quarter. Financial Gravity Companies Inc. bought a new stake in ITT in the second quarter valued at $27,000. Quent Capital LLC acquired a new position in shares of ITT during the third quarter valued at about $37,000. MTM Investment Management LLC bought a new position in shares of ITT during the 2nd quarter worth about $39,000. Finally, Bayforest Capital Ltd bought a new position in shares of ITT during the 3rd quarter worth about $46,000. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ITT. Stifel Nicolaus boosted their target price on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Wall Street Zen upgraded ITT from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Barclays initiated coverage on ITT in a research note on Monday, March 9th. They issued an “equal weight” rating and a $220.00 price objective for the company. KeyCorp boosted their price objective on 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 target price on ITT in a research report on Friday, February 6th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, ITT currently has an average rating of “Moderate Buy” and a consensus target price of $216.50.

Insider Buying and Selling at ITT

In other news, CEO Luca Savi sold 63,450 shares of the firm’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 transaction, the chief executive officer owned 262,354 shares in the company, valued at $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.

ITT Trading Up 0.7%

NYSE:ITT opened at $187.89 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07. The firm has a 50-day moving average of $191.39 and a 200-day moving average of $182.69. The company has a market cap of $16.16 billion, a PE ratio of 30.75, a PEG ratio of 1.72 and a beta of 1.34. ITT Inc. has a one year low of $105.64 and a one year high of $209.70.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.06. The business had revenue of $1.05 billion for 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%. The firm’s revenue for the quarter 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. As a group, equities research analysts expect 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 will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be paid a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. This is a boost from ITT’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 6th. ITT’s dividend payout ratio (DPR) is currently 25.20%.

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.