11,556 Shares in ITT Inc. $ITT Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new position in shares of ITT Inc. (NYSE:ITT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,556 shares of the conglomerate’s stock, valued at approximately $2,285,000.

A number of other hedge funds have also bought and sold shares of the company. Capital International Investors boosted its stake in shares of ITT by 3.0% during the 4th quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock worth $1,526,421,000 after purchasing an additional 258,936 shares during the period. Vanguard Group Inc. raised its position 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 during the period. State Street Corp lifted its stake in ITT by 7.4% in the fourth quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock worth $441,880,000 after purchasing an additional 175,367 shares during the last quarter. Geode Capital Management LLC lifted its stake in ITT by 15.6% in the fourth quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock worth $280,267,000 after purchasing an additional 217,360 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of ITT by 55,929.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after buying an additional 1,515,695 shares during the period. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the transaction, the chief accounting officer directly owned 7,159 shares in the company, valued at $1,535,891.86. This trade represents a 8.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.88% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ITT in a research note on Friday, August 7th. KeyCorp raised their price target on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Stifel Nicolaus boosted their price objective on ITT from $246.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 20th. Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective on the stock in a research report on Thursday, July 9th. Finally, Barclays increased their target price on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $241.08.

ITT Price Performance

ITT stock opened at $219.37 on Monday. The stock has a market cap of $19.61 billion, a price-to-earnings ratio of 43.01, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85. ITT Inc. has a 1 year low of $164.00 and a 1 year high of $230.32. The firm has a 50-day moving average of $196.50 and a two-hundred day moving average of $198.26.

ITT (NYSE:ITT) last issued its earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The company’s revenue for the quarter was up 51.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, research analysts forecast that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be paid a $0.386 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 annualized dividend and a yield of 0.7%. ITT’s dividend payout ratio is 30.20%.

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.