Oak Thistle LLC Makes New Investment in ITT Inc. $ITT

Oak Thistle LLC bought a new position in ITT Inc. (NYSE:ITT) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 13,364 shares of the conglomerate’s stock, valued at approximately $2,319,000.

A number of other institutional investors and hedge funds have also modified their holdings of ITT. True Wealth Design LLC increased 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 purchasing an additional 114 shares in the last quarter. Quent Capital LLC bought a new stake in shares of ITT in the third quarter worth $37,000. Triumph Capital Management bought a new stake in shares of ITT in the third quarter worth $37,000. Measured Wealth Private Client Group LLC bought a new stake in shares of ITT in the third quarter worth $43,000. Finally, Bayforest Capital Ltd bought a new stake in shares of ITT in the third quarter worth $46,000. Institutional investors own 91.59% of the company’s stock.

Insider Transactions at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the sale, the chief executive officer owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

ITT has been the subject of several research analyst reports. Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Robert W. Baird set a $222.00 price objective on ITT in a report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. DA Davidson set a $245.00 price objective on ITT in a report on Monday, February 9th. Finally, BMO Capital Markets initiated coverage on ITT in a report on Friday, March 27th. They issued an “outperform” rating and a $233.00 price objective for the company. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $225.55.

ITT Stock Performance

NYSE:ITT opened at $195.83 on Wednesday. The stock has a 50-day simple moving average of $193.90 and a two-hundred day simple moving average of $184.57. ITT Inc. has a 52-week low of $110.75 and a 52-week high of $209.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58. The firm has a market capitalization of $16.84 billion, a PE ratio of 32.05, a P/E/G ratio of 1.78 and a beta of 1.32.

ITT (NYSE:ITT) last released its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (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 business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. ITT’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. Analysts forecast that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 6th were issued 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 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, March 6th. ITT’s dividend payout ratio is presently 25.20%.

ITT 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.