Livforsakringsbolaget Skandia Omsesidigt Purchases Shares of 22,300 ITT Inc. $ITT

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in ITT Inc. (NYSE:ITT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,300 shares of the conglomerate’s stock, valued at approximately $4,416,000.

Several other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. bought a new position in ITT in the 2nd quarter worth approximately $1,715,593,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of ITT by 55,929.7% in the fourth 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 in the last quarter. Findlay Park Partners LLP bought a new position in shares of ITT during the second quarter worth $276,395,000. Norges Bank purchased a new position in ITT during the fourth quarter valued at $194,884,000. Finally, Bank of America Corp DE purchased a new position in ITT during the second quarter valued at $173,436,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ITT. BMO Capital Markets reiterated an “outperform” rating and issued a $273.00 price target on shares of ITT in a research note on Friday, August 7th. Weiss Ratings lowered ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Barclays lifted their target price on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Citigroup increased their price target on ITT from $254.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Robert W. Baird set a $246.00 price objective on ITT in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.08.

Insider Activity at ITT

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the transaction, the chief accounting officer directly owned 7,159 shares in the company, valued at approximately $1,535,891.86. This represents a 8.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

ITT Price Performance

NYSE:ITT opened at $202.80 on Friday. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 1.70 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85. The business has a 50 day simple moving average of $200.18 and a 200-day simple moving average of $199.70. ITT Inc. has a 1 year low of $166.96 and a 1 year high of $230.32.

ITT (NYSE:ITT) last released its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.16. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The company’s revenue for the quarter was up 51.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Equities analysts forecast that ITT Inc. will post 8.25 EPS for the current year.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be issued a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is 30.20%.

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.