Wellington Management Group LLP Raises Stock Position in ITT Inc. $ITT

Wellington Management Group LLP increased its position in shares of ITT Inc. (NYSE:ITT) by 16.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 825,147 shares of the conglomerate’s stock after acquiring an additional 117,155 shares during the period. Wellington Management Group LLP’s holdings in ITT were worth $163,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in ITT in the 2nd quarter valued at $28,000. Elyxium Wealth LLC bought a new position in shares of ITT in the fourth quarter worth $29,000. Bayban purchased a new stake in shares of ITT in the fourth quarter worth $31,000. Trust Co. of Vermont purchased a new stake in shares of ITT in the second quarter worth $33,000. Finally, Parkside Financial Bank & Trust boosted its stake in ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after buying an additional 76 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ITT has been the topic of a number of research analyst reports. Wolfe Research upgraded ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price on the stock in a research note on Thursday, July 9th. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Barclays boosted their price objective on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. KeyCorp raised their target price on shares of ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings lowered shares of ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, ITT has an average rating of “Moderate Buy” and an average target price of $241.08.

Insider Activity

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT 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 directly owned 7,159 shares of the company’s stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.88% of the company’s stock.

ITT Trading Down 1.3%

NYSE ITT opened at $200.33 on Tuesday. ITT Inc. has a 1-year low of $166.96 and a 1-year high of $230.32. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $200.20 and a 200-day moving average of $199.70. The firm has a market cap of $17.91 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27.

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

ITT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be issued a $0.386 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is currently 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.