Lazard Asset Management LLC Has $3.53 Million Stock Position in ITT Inc. $ITT

Lazard Asset Management LLC grew its holdings in ITT Inc. (NYSE:ITT) by 26.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,526 shares of the conglomerate’s stock after purchasing an additional 3,822 shares during the period. Lazard Asset Management LLC’s holdings in ITT were worth $3,530,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Capital International Investors grew its position in ITT by 3.0% in the fourth quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock valued at $1,526,421,000 after purchasing an additional 258,936 shares in the last quarter. Vanguard Group Inc. lifted its position in ITT by 7.9% during the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock worth $1,467,976,000 after buying an additional 620,217 shares in the last quarter. State Street Corp boosted its stake in shares of ITT by 7.4% during the 4th quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock worth $441,880,000 after buying an additional 175,367 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of ITT by 15.6% during the 4th quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock worth $280,267,000 after buying an additional 217,360 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of ITT by 55,929.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after buying an additional 1,515,695 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

Shares of ITT opened at $195.59 on Friday. The company has a market cap of $17.49 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 1.85 and a beta of 1.27. The firm has a 50-day moving average of $193.07 and a 200-day moving average of $196.17. ITT Inc. has a one year low of $157.66 and a one year high of $225.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01.

ITT (NYSE:ITT) last issued its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the firm earned $1.45 EPS. ITT’s quarterly revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, equities analysts forecast that ITT Inc. will post 7.89 earnings per share for the current year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 8th were given a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 8th. ITT’s payout ratio is 27.16%.

Insider Activity at ITT

In other news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the completion of the transaction, the insider directly owned 8,729 shares in the company, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the transaction, the chief accounting officer directly owned 7,859 shares in the company, valued at $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays lifted their target price on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Wall Street Zen cut ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Stifel Nicolaus raised their price target on ITT from $246.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 20th. KeyCorp boosted their price target on ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.75.

ITT 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.