Lbp Am Sa Purchases 17,808 Shares of ITT Inc. $ITT

Lbp Am Sa lifted its position in shares of ITT Inc. (NYSE:ITT) by 55.4% during the third quarter, HoldingsChannel reports. The firm owned 49,968 shares of the conglomerate’s stock after buying an additional 17,808 shares during the quarter. Lbp Am Sa’s holdings in ITT were worth $8,932,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ITT. Norges Bank bought a new position in ITT during the second quarter worth about $140,815,000. AQR Capital Management LLC raised its position in shares of ITT by 47.4% during the second quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate’s stock worth $86,993,000 after purchasing an additional 178,539 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of ITT during the 2nd quarter valued at about $21,894,000. Invesco Ltd. grew its position in shares of ITT by 14.2% in the 2nd quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate’s stock valued at $171,690,000 after purchasing an additional 135,768 shares during the period. Finally, Raymond James Financial Inc. increased its stake in ITT by 23.9% during the 2nd quarter. Raymond James Financial Inc. now owns 590,874 shares of the conglomerate’s stock worth $92,667,000 after purchasing an additional 114,150 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Activity

In other news, CFO Emmanuel Caprais sold 5,500 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $185.23, for a total transaction of $1,018,765.00. Following the transaction, the chief financial officer directly owned 36,830 shares in the company, valued at $6,822,020.90. The trade was a 12.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mesa Graziano Cheryl De sold 238 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $183.08, for a total transaction of $43,573.04. Following the completion of the sale, the chief accounting officer owned 5,062 shares of the company’s stock, valued at $926,750.96. This trade represents a 4.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ITT. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a report on Thursday. Citigroup upped their target price on shares of ITT from $207.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Stifel Nicolaus dropped their price target on ITT from $225.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday. DA Davidson reaffirmed a “buy” rating and set a $215.00 price objective on shares of ITT in a research report on Monday, December 8th. Finally, Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research report on Monday, January 19th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ITT presently has an average rating of “Buy” and a consensus price target of $206.25.

ITT Price Performance

Shares of NYSE ITT opened at $183.94 on Tuesday. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $197.07. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 1.65 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.52 and a quick ratio of 1.05. The business has a 50-day moving average of $179.06 and a 200-day moving average of $175.24.

ITT (NYSE:ITT) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $1.78 EPS for the quarter, beating the consensus estimate of $1.67 by $0.11. The firm had revenue of $999.10 million during the quarter, compared to analysts’ expectations of $973.69 million. ITT had a return on equity of 18.96% and a net margin of 12.67%.The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.46 earnings per share. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. As a group, sell-side analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were paid a $0.351 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is currently 23.26%.

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.