Leeward Investments LLC MA Trims Stock Position in ITT Inc. $ITT

Leeward Investments LLC MA decreased its position in ITT Inc. (NYSE:ITT) by 2.2% in the third quarter, Holdings Channel reports. The firm owned 110,103 shares of the conglomerate’s stock after selling 2,473 shares during the period. ITT accounts for 1.0% of Leeward Investments LLC MA’s investment portfolio, making the stock its 25th largest holding. Leeward Investments LLC MA’s holdings in ITT were worth $19,682,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

ITT has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. Robert W. Baird set a $222.00 target price on ITT in a report on Friday, February 6th. KeyCorp increased their target price on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Stifel Nicolaus lifted their price target on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, DA Davidson set a $245.00 price objective on ITT in a research note on Monday, February 9th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $216.11.

ITT Price Performance

NYSE ITT opened at $203.55 on Friday. The firm’s fifty day simple moving average is $182.16 and its two-hundred day simple moving average is $178.45. The firm has a market capitalization of $17.51 billion, a P/E ratio of 33.31, a P/E/G ratio of 1.89 and a beta of 1.37. 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 Inc. has a 12-month low of $105.64 and a 12-month high of $207.98.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.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 firm earned $1.50 EPS. The business’s quarterly revenue was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Analysts forecast that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.386 per share. The ex-dividend date is Friday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s payout ratio is presently 25.20%.

ITT Company 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.