Inceptionr LLC Has $1.93 Million Stock Holdings in ITT Inc. $ITT

Inceptionr LLC grew its stake in ITT Inc. (NYSE:ITT) by 45.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 10,766 shares of the conglomerate’s stock after purchasing an additional 3,354 shares during the quarter. ITT makes up 0.5% of Inceptionr LLC’s holdings, making the stock its 12th largest holding. Inceptionr LLC’s holdings in ITT were worth $1,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of ITT. Norges Bank acquired a new position in ITT during the second quarter valued at approximately $140,815,000. AQR Capital Management LLC increased its position in shares of ITT by 47.4% during the 2nd quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate’s stock worth $86,993,000 after purchasing an additional 178,539 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of ITT by 36.6% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 521,429 shares of the conglomerate’s stock worth $93,211,000 after purchasing an additional 139,666 shares in the last quarter. Invesco Ltd. raised its stake in shares of ITT by 14.2% during the 2nd quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate’s stock worth $171,690,000 after purchasing an additional 135,768 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of ITT by 23.9% in the 2nd quarter. Raymond James Financial Inc. now owns 590,874 shares of the conglomerate’s stock valued at $92,667,000 after buying an additional 114,150 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling

In related news, CEO Luca Savi sold 63,450 shares of the company’s 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 owned 262,354 shares in the company, valued at approximately $50,028,284.26. This represents a 19.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ITT shares. Robert W. Baird set a $222.00 target price on shares of ITT in a report on Friday, February 6th. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. KeyCorp upped their target price on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Stifel Nicolaus raised their target price on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $216.11.

ITT Stock Down 2.9%

ITT opened at $185.21 on Monday. The stock’s fifty day simple moving average is $190.09 and its 200 day simple moving average is $182.21. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $209.70. The stock has a market cap of $15.93 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, topping 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 period in the previous year, the business 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, research analysts expect that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be issued a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. 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. ITT’s payout ratio is presently 25.20%.

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.