ITT Inc. $ITT Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in ITT Inc. (NYSE:ITT) by 55,929.7% in the fourth quarter, Holdings Channel reports. The firm owned 1,518,405 shares of the conglomerate’s stock after purchasing an additional 1,515,695 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ITT were worth $263,458,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ITT. Vanguard Group Inc. boosted its stake in ITT by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock worth $1,467,976,000 after purchasing an additional 620,217 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in ITT by 86,878.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock worth $47,889,000 after purchasing an additional 267,585 shares in the last quarter. Millennium Management LLC boosted its stake in ITT by 236.8% in the 3rd quarter. Millennium Management LLC now owns 301,670 shares of the conglomerate’s stock worth $53,927,000 after purchasing an additional 212,111 shares in the last quarter. AQR Capital Management LLC boosted its stake in ITT by 47.4% in 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 in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in ITT by 36.6% in 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. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ITT. KeyCorp lifted their target price on shares of ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Citigroup lifted their price objective on shares of ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Stifel Nicolaus set a $246.00 price objective on shares of ITT in a research note on Thursday, May 7th. Robert W. Baird set a $246.00 price objective on shares of ITT in a research note on Thursday, May 7th. Finally, Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.91.

Insider Activity

In other news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the completion of the transaction, the insider directly owned 8,729 shares of the company’s stock, valued at $1,817,988.83. The trade was a 44.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total transaction of $41,682.00. Following the transaction, the chief accounting officer directly owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 70,773 shares of company stock valued at $13,624,470 in the last three months. 0.88% of the stock is currently owned by corporate insiders.

ITT Stock Performance

Shares of NYSE ITT opened at $194.86 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. ITT Inc. has a 12 month low of $145.41 and a 12 month high of $225.26. The company has a 50 day simple moving average of $201.55 and a two-hundred day simple moving average of $191.25. The stock has a market cap of $17.42 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 1.91 and a beta of 1.32.

ITT (NYSE:ITT) last announced its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, beating the consensus estimate of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the business posted $1.45 EPS. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, analysts predict that ITT Inc. will post 7.91 earnings per share for the current year.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th 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 Monday, June 8th. ITT’s payout ratio is 27.16%.

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.