Intech Investment Management LLC Sells 6,893 Shares of ITT Inc. $ITT

Intech Investment Management LLC trimmed its position in ITT Inc. (NYSE:ITT) by 47.9% during the third quarter, HoldingsChannel.com reports. The fund owned 7,494 shares of the conglomerate’s stock after selling 6,893 shares during the period. Intech Investment Management LLC’s holdings in ITT were worth $1,340,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ITT. Financial Gravity Companies Inc. acquired a new stake in ITT in the second quarter worth $27,000. True Wealth Design LLC grew its holdings in shares of ITT by 219.2% in the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after buying an additional 114 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of ITT in the 2nd quarter valued at $34,000. Quent Capital LLC bought a new stake in shares of ITT in the 3rd quarter valued at $37,000. Finally, MTM Investment Management LLC acquired a new stake in ITT during the 2nd quarter worth $39,000. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling at ITT

In other news, CEO Luca Savi sold 63,450 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $190.69, for a total value of $12,099,280.50. Following the transaction, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at $50,028,284.26. This represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. KeyCorp raised their target price on shares of ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Wall Street Zen raised shares of ITT from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Citigroup upped their price target on shares of ITT from $225.00 to $243.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, Stifel Nicolaus increased their price objective on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $216.11.

ITT Stock Performance

ITT opened at $185.21 on Friday. The business’s 50-day simple moving average is $190.09 and its 200 day simple moving average is $181.99. ITT Inc. has a 52-week low of $105.64 and a 52-week high of $209.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58. The firm has a market capitalization of $15.93 billion, a PE ratio of 30.31, a PEG ratio of 1.76 and a beta of 1.34.

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

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be given a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. This is a positive change from ITT’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 6th. ITT’s dividend payout ratio (DPR) 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.