Global Retirement Partners LLC Makes New Investment in ITT Inc. $ITT

Global Retirement Partners LLC bought a new position in shares of ITT Inc. (NYSE:ITT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,043 shares of the conglomerate’s stock, valued at approximately $997,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amundi lifted its position in shares of ITT by 22,565.6% during the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after acquiring an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of ITT by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after acquiring an additional 28,937 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of ITT during the first quarter worth $360,000. Focus Partners Wealth lifted its holdings in shares of ITT by 80.7% during the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after purchasing an additional 3,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of ITT during the second quarter valued at $1,880,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target on the stock in a research note on Thursday, July 9th. Robert W. Baird set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. Stifel Nicolaus lifted their target price on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. BMO Capital Markets restated an “outperform” rating and set a $273.00 price target on shares of ITT in a report on Friday, August 7th. Finally, Barclays upped their price target on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.08.

Insider Activity at ITT

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were 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 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

ITT Stock Down 0.6%

NYSE:ITT opened at $218.40 on Wednesday. The business’s fifty day moving average price is $197.59 and its 200 day moving average price is $198.79. The firm has a market capitalization of $19.52 billion, a price-to-earnings ratio of 42.82, a PEG ratio of 1.79 and a beta of 1.27. 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 1-year low of $164.00 and a 1-year high of $230.32.

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

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is currently 30.20%.

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.