Marks Group Wealth Management Inc Decreases Position in ITT Inc. $ITT

Marks Group Wealth Management Inc decreased its stake in ITT Inc. (NYSE:ITT) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,864 shares of the conglomerate’s stock after selling 3,514 shares during the quarter. ITT comprises 1.0% of Marks Group Wealth Management Inc’s portfolio, making the stock its 19th biggest holding. Marks Group Wealth Management Inc owned about 0.07% of ITT worth $10,344,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of ITT. Financial Gravity Companies Inc. purchased a new position in ITT during the second quarter worth $27,000. True Wealth Design LLC lifted its holdings in shares of ITT by 219.2% in the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 114 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of ITT during the 2nd quarter worth about $34,000. Quent Capital LLC bought a new position in ITT during the 3rd quarter valued at about $37,000. Finally, MTM Investment Management LLC bought a new position in ITT during the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Price Performance

Shares of ITT stock opened at $206.52 on Monday. ITT Inc. has a twelve month low of $105.64 and a twelve month high of $207.98. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $185.46 and a two-hundred day simple moving average of $179.94. The stock has a market capitalization of $17.76 billion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 1.92 and a beta of 1.37.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, beating the consensus estimate of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, analysts predict that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.386 per share. This is a boost from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, March 6th. ITT’s payout ratio is 22.91%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ITT. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research report on Sunday. KeyCorp upped their price objective on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Citigroup boosted their target price on shares of ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, DA Davidson set a $245.00 price target on shares of ITT in a research note on Monday, February 9th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $216.11.

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.