ITT Inc. $ITT Holdings Decreased by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its position in shares of ITT Inc. (NYSE:ITT) by 36.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,551 shares of the conglomerate’s stock after selling 37,757 shares during the quarter. Leeward Investments LLC MA owned approximately 0.07% of ITT worth $13,431,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. purchased a new stake in ITT in the third quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in ITT during the 2nd quarter valued at about $28,000. Trust Co. of Vermont purchased a new position in ITT during the 2nd quarter valued at about $33,000. Transamerica Financial Advisors LLC purchased a new position in ITT during the 2nd quarter valued at about $43,000. Finally, Ascentis Independent Advisors bought a new stake in shares of ITT in the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $273.00 price target on shares of ITT in a research report on Friday, August 7th. Stifel Nicolaus set a $256.00 price objective on shares of ITT in a research note on Monday, October 19th. Wolfe Research initiated coverage on shares of ITT in a report on Tuesday, September 15th. They set an “outperform” rating and a $272.00 price objective on the stock. Weiss Ratings downgraded shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Finally, KeyCorp boosted their price objective on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, ITT presently has a consensus rating of “Moderate Buy” and an average price target of $260.22.

Insider Buying and Selling

In other news, CAO Graziano De sold 700 shares of ITT stock in a transaction that occurred 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 owned 7,159 shares of the company’s stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Luca Savi acquired 5,019 shares of ITT stock in a transaction that occurred on Monday, August 31st. The shares were purchased at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the purchase, the chief executive officer owned 267,373 shares in the company, valued at $53,356,955.88. This represents a 1.91% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.88% of the stock is owned by insiders.

ITT Price Performance

Shares of ITT stock opened at $189.72 on Monday. ITT Inc. has a 1-year low of $166.96 and a 1-year high of $230.32. The stock’s 50-day moving average is $203.32 and its 200 day moving average is $201.67. The company has a market cap of $16.96 billion, a P/E ratio of 37.20, a PEG ratio of 1.55 and a beta of 1.25. 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 (NYSE:ITT) last posted its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.16. The company 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%. The firm’s quarterly revenue was up 51.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Research analysts predict that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th were issued a $0.3860 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is currently 30.20%.

ITT Profile

ITT Inc (NYSE: ITT) is a global industrial manufacturer that designs and produces highly engineered components and technology solutions for transportation, industrial, energy, aerospace, defense and other specialized markets. The company serves original equipment manufacturers, distributors and end users through operations in North America, Europe, Asia and other international markets.

ITT operates through three primary business segments. Motion Technologies develops brake pads, shock absorbers, sealing products and other engineered components used in automotive, rail and related transportation applications.