Westfield Capital Management Co. LP Sells 89,223 Shares of ITT Inc. $ITT

Westfield Capital Management Co. LP cut its holdings in shares of ITT Inc. (NYSE:ITT) by 13.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 568,027 shares of the conglomerate’s stock after selling 89,223 shares during the quarter. Westfield Capital Management Co. LP’s holdings in ITT were worth $101,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITT. Mawer Investment Management Ltd. boosted its stake in ITT by 23.6% in the third quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock valued at $72,026,000 after acquiring an additional 76,841 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of ITT by 20.5% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 39,157 shares of the conglomerate’s stock worth $7,000,000 after purchasing an additional 6,663 shares during the period. Gamco Investors INC. ET AL lifted its stake in ITT by 2.7% in the second quarter. Gamco Investors INC. ET AL now owns 284,743 shares of the conglomerate’s stock valued at $44,656,000 after purchasing an additional 7,516 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in ITT by 6.2% during the third quarter. Bank of New York Mellon Corp now owns 744,188 shares of the conglomerate’s stock valued at $133,031,000 after purchasing an additional 43,336 shares during the period. Finally, Voya Investment Management LLC increased its position in ITT by 287.0% in the third quarter. Voya Investment Management LLC now owns 127,865 shares of the conglomerate’s stock worth $22,857,000 after buying an additional 94,823 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a research note on Sunday. KeyCorp upped their price target on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Robert W. Baird set a $222.00 price objective on shares of ITT in a research note on Friday, February 6th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $216.11.

ITT Price Performance

ITT stock opened at $209.00 on Thursday. The firm has a 50 day moving average of $187.43 and a 200-day moving average of $180.71. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $17.97 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $209.31.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, beating the consensus estimate of $1.79 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, sell-side analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.386 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. ITT’s payout ratio is presently 22.91%.

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.