Mirae Asset Global Investments Co. Ltd. Makes New $584,000 Investment in ITT Inc. $ITT

Mirae Asset Global Investments Co. Ltd. purchased a new position in ITT Inc. (NYSE:ITT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,893 shares of the conglomerate’s stock, valued at approximately $584,000.

Several other institutional investors and hedge funds also recently modified their holdings of ITT. Pension & Wealth Management Advisors Inc. acquired a new position in shares of ITT during the third quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in ITT in the second quarter worth about $28,000. Trust Co. of Vermont acquired a new stake in ITT in the second quarter worth about $33,000. Ascentis Independent Advisors acquired a new stake in ITT in the first quarter worth about $42,000. Finally, Transamerica Financial Advisors LLC bought a new position in ITT in the 2nd quarter valued at about $43,000. Institutional investors own 91.59% of the company’s stock.

More ITT News

Here are the key news stories impacting ITT this week:

• Positive Sentiment: ITT reported third-quarter adjusted earnings of $2.26 per share and revenue of about $1.44 billion, topping analyst expectations. The company also raised its full-year EPS outlook; management indicated a 2026 adjusted EPS midpoint of $8.58 and is targeting year-end leverage of roughly 2.1x. ITT Lifts Guidance As 3Q Revenue Grows ITT 2026 EPS and leverage outlook
• Positive Sentiment: Recent valuation coverage says ITT may be below fair value based on cash flow, reinforcing the view that the stock could have room to appreciate. ITT Stock Looks Below Fair Value on Cash Flow
• Neutral Sentiment: Citigroup lowered its price target from $267 to $251 but kept a Buy rating. The reduced target is a cautionary signal, though it still implies substantial upside from the cited share price. Citigroup rating and price target
• Neutral Sentiment: ITT announced it will participate in Baird’s Global Industrial Conference on November 10; the event may provide investors with further updates but is not itself a financial-results catalyst. ITT conference announcement

Analysts Set New Price Targets

Several research firms have commented on ITT. Weiss Ratings cut shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. KeyCorp boosted their price target on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Wolfe Research initiated coverage on shares of ITT in a research note on Tuesday, September 15th. They issued an “outperform” rating and a $272.00 price target for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $273.00 price objective on shares of ITT in a report on Friday, August 7th. Finally, DA Davidson raised their price objective on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, ITT has an average rating of “Moderate Buy” and an average target price of $258.44.

ITT Stock Down 0.1%

ITT opened at $205.38 on Monday. ITT Inc. has a one year low of $166.96 and a one year high of $230.32. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.29. The stock’s fifty day moving average is $201.14 and its 200-day moving average is $199.34. The company has a market capitalization of $18.36 billion, a PE ratio of 42.26, a P/E/G ratio of 1.45 and a beta of 1.25.

ITT (NYSE:ITT) last announced its quarterly earnings data on Wednesday, November 4th. The conglomerate reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.18. ITT had a return on equity of 15.47% and a net margin of 8.07%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The company’s revenue was up 44.2% on a year-over-year basis. On average, equities analysts predict that ITT Inc. will post 8.61 EPS for the current fiscal year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 4th will be given a $0.3860 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s payout ratio is 31.69%.

Insider Buying and Selling

In other ITT news, CEO Luca Savi purchased 5,019 shares of the company’s stock in a transaction on Monday, August 31st. The shares were purchased at an average cost of $199.56 per share, for a total transaction of $1,001,591.64. Following the completion of the transaction, the chief executive officer owned 267,373 shares in the company, valued at $53,356,955.88. The trade was a 1.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.88% of the company’s stock.

About ITT

ITT Inc is a global manufacturer of engineered components and technology serving industrial, transportation, aerospace and defense, and energy markets. Its products include pumps and valves, brake pads and shock absorbers, and specialized connectors and control components.

The company operates through three main businesses: Motion Technologies, Industrial Process, and Connect & Control Technologies. These businesses provide products and services used in applications ranging from automotive braking systems and industrial fluid handling to aerospace equipment and energy infrastructure.

ITT traces its history to International Telephone & Telegraph, founded in 1920.