Sequoia Financial Advisors LLC Has $8.78 Million Stock Holdings in ITT Inc. $ITT

Sequoia Financial Advisors LLC raised its stake in ITT Inc. (NYSE:ITT) by 17.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 44,405 shares of the conglomerate’s stock after buying an additional 6,500 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ITT were worth $8,782,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ITT. Andina Capital Management LLC lifted its holdings in ITT by 1.6% during the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after acquiring an additional 49 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in ITT by 2.8% during the first quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock valued at $370,000 after purchasing an additional 52 shares during the last quarter. Whittier Trust Co. boosted its holdings in ITT by 5.1% in the 1st quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after buying an additional 52 shares during the period. Toronto Dominion Bank boosted its holdings in shares of ITT by 2.2% in the fourth quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after acquiring an additional 53 shares during the period. Finally, Stephens Inc. AR grew its holdings in ITT by 3.8% during the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after buying an additional 60 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on ITT shares. Stifel Nicolaus upped their target price on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. DA Davidson lifted their target price on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded ITT from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Wolfe Research upgraded shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price for the company in a report on Thursday, July 9th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $273.00 target price on shares of ITT in a research note on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.82.

Insider Buying and Selling

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

ITT Trading Down 0.9%

Shares of ITT stock opened at $196.42 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. ITT Inc. has a 12-month low of $166.96 and a 12-month high of $230.32. The stock has a market capitalization of $17.56 billion, a P/E ratio of 38.51, a P/E/G ratio of 1.62 and a beta of 1.27. The firm’s 50 day moving average is $201.33 and its 200 day moving average is $199.51.

ITT (NYSE:ITT) last announced its 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 net margin of 8.90% and a return on equity of 15.90%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the company earned $1.64 earnings per share. The firm’s revenue was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Research analysts expect that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.386 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is currently 30.20%.

About ITT

ITT Inc is a diversified industrial manufacturer that develops and produces highly engineered components and systems for transportation, energy, industrial, aerospace and defense, and other specialized markets. The company serves original equipment manufacturers, distributors and aftermarket customers through a portfolio of mission-critical products designed to support safety, efficiency and reliability.

ITT operates through three primary business segments. Motion Technologies supplies brake pads, friction materials, shock absorbers, dampers and related components for automotive and rail applications.