ITT Inc. $ITT Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of ITT Inc. (NYSE:ITT) by 3.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 161,196 shares of the conglomerate’s stock after acquiring an additional 5,402 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in ITT were worth $32,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC grew its position in ITT by 2.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after acquiring an additional 52 shares during the last quarter. Whittier Trust Co. lifted its position in ITT by 5.1% in the first quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock valued at $207,000 after purchasing an additional 52 shares during the last quarter. Everhart Financial Group Inc. lifted its position in ITT by 0.8% in the third quarter. Everhart Financial Group Inc. now owns 8,589 shares of the conglomerate’s stock valued at $1,733,000 after purchasing an additional 66 shares during the last quarter. Burney Co. boosted its stake in shares of ITT by 2.3% during the first quarter. Burney Co. now owns 3,390 shares of the conglomerate’s stock valued at $646,000 after purchasing an additional 76 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of ITT by 2.6% during the first quarter. Fifth Third Wealth Advisors LLC now owns 3,072 shares of the conglomerate’s stock valued at $585,000 after purchasing an additional 79 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Stock Up 0.7%

Shares of NYSE:ITT opened at $201.17 on Friday. ITT Inc. has a 1 year low of $166.96 and a 1 year high of $230.32. The company has a market cap of $17.98 billion, a PE ratio of 39.45, a P/E/G ratio of 1.63 and a beta of 1.25. 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 stock’s 50-day moving average is $205.78 and its 200 day moving average is $201.49.

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

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th were paid a dividend of $0.3860 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is 30.20%.

Insider Buying and Selling

In other ITT news, CEO Luca Savi purchased 5,019 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was bought at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the completion of the purchase, the chief executive officer directly owned 267,373 shares of the company’s stock, valued at $53,356,955.88. The trade was a 1.91% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Graziano De sold 700 shares of ITT stock in a transaction on Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the completion of the sale, the chief accounting officer owned 7,159 shares in the company, valued at approximately $1,535,891.86. This trade represents a 8.91% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. KeyCorp raised their target price on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Wolfe Research initiated coverage on shares of ITT in a report on Tuesday, September 15th. They set an “outperform” rating and a $272.00 price target for the company. BMO Capital Markets reiterated an “outperform” rating and set a $273.00 price target on shares of ITT in a report on Friday, August 7th. Citigroup increased their price target on shares of ITT from $254.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Stifel Nicolaus increased their price target on shares of ITT from $246.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.56.

About ITT

ITT Inc (NYSE: ITT) is a global manufacturer of highly engineered components and technologies serving the transportation, energy, industrial, infrastructure, and aerospace and defense markets. The company develops products designed to support critical applications where reliability, performance, and safety are essential.

ITT operates through three principal business segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. Its products include brake pads and friction materials, shock absorbers, pumps, valves, monitoring and control systems, connectors, switches, and other specialized components.