Kestra Investment Management LLC Takes $2.39 Million Position in ITT Inc. $ITT

Kestra Investment Management LLC purchased a new stake in shares of ITT Inc. (NYSE:ITT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,752 shares of the conglomerate’s stock, valued at approximately $2,386,000.

Several other large investors have also modified their holdings of ITT. Northwestern Mutual Wealth Management Co. grew its holdings in shares of ITT by 55,929.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after acquiring an additional 1,515,695 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of ITT by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after purchasing an additional 620,217 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of ITT by 86,878.2% during the third quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock valued at $47,889,000 after purchasing an additional 267,585 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of ITT by 236.8% during the third quarter. Millennium Management LLC now owns 301,670 shares of the conglomerate’s stock valued at $53,927,000 after purchasing an additional 212,111 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of ITT by 47.4% during the second quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate’s stock valued at $86,993,000 after purchasing an additional 178,539 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on ITT in a report on Tuesday, March 31st. They set a “buy” rating and a $270.00 target price for the company. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Citigroup upped their target price on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Stifel Nicolaus set a $246.00 target price on ITT in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, ITT has an average rating of “Moderate Buy” and an average target price of $234.91.

Insider Activity at ITT

In related news, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the sale, the chief accounting officer owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction on Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the sale, the insider directly owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 70,773 shares of company stock valued at $13,624,470. Insiders own 0.88% of the company’s stock.

ITT Stock Performance

Shares of ITT stock opened at $195.15 on Tuesday. ITT Inc. has a 1-year low of $145.41 and a 1-year high of $225.26. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $17.45 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 1.83 and a beta of 1.32. The stock’s fifty day simple moving average is $202.23 and its 200-day simple moving average is $191.68.

ITT (NYSE:ITT) last issued its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. ITT’s revenue for the quarter was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, sell-side analysts predict that ITT Inc. will post 7.91 earnings per share for the current fiscal year.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be given a dividend of $0.386 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is presently 27.16%.

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.