RWA Wealth Partners LLC Makes New $3.64 Million Investment in ITT Inc. $ITT

RWA Wealth Partners LLC acquired a new stake in ITT Inc. (NYSE:ITT) in the third quarter, HoldingsChannel.com reports. The firm acquired 20,350 shares of the conglomerate’s stock, valued at approximately $3,638,000.

A number of other hedge funds have also modified their holdings of the business. True Wealth Design LLC raised its position in 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 purchasing an additional 114 shares during the last quarter. Financial Gravity Companies Inc. acquired a new position in ITT in the second quarter valued at $27,000. Quent Capital LLC purchased a new stake in shares of ITT in the third quarter valued at about $37,000. Atlantic Union Bankshares Corp acquired a new stake in shares of ITT during the second quarter worth about $34,000. Finally, MTM Investment Management LLC purchased a new position in shares of ITT during the second quarter worth about $39,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ITT has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, February 6th. KeyCorp upped their price target on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Citigroup raised their target price on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $216.11.

ITT Trading Up 1.0%

Shares of ITT stock opened at $209.00 on Thursday. The business’s fifty day moving average price is $187.43 and its 200 day moving average price is $180.71. The firm has a market capitalization of $17.97 billion, a PE ratio of 34.21, a P/E/G ratio of 1.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $209.31.

ITT (NYSE:ITT) last issued its earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, topping the consensus estimate of $1.79 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, sell-side analysts forecast that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The business also recently announced 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. The ex-dividend date is Friday, March 6th. This is an increase from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a yield of 0.7%. ITT’s dividend payout ratio (DPR) is currently 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.