Westfield Capital Management Co. LP Acquires 19,419 Shares of ITT Inc. $ITT

Westfield Capital Management Co. LP boosted its holdings in shares of ITT Inc. (NYSE:ITT) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 587,446 shares of the conglomerate’s stock after buying an additional 19,419 shares during the period. Westfield Capital Management Co. LP’s holdings in ITT were worth $101,928,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ITT. Northwestern Mutual Wealth Management Co. boosted its stake in ITT by 55,929.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after buying an additional 1,515,695 shares during the period. Norges Bank bought a new stake in ITT during the fourth quarter worth about $194,884,000. Vanguard Group Inc. lifted its stake in ITT by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock worth $1,467,976,000 after purchasing an additional 620,217 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in ITT by 86,878.2% during the third quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock worth $47,889,000 after purchasing an additional 267,585 shares during the last quarter. Finally, Seven Grand Managers LLC bought a new stake in ITT during the fourth quarter worth about $43,378,000. Institutional investors own 91.59% of the company’s stock.

Insider Activity

In other news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the transaction, the insider owned 8,729 shares in the company, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the transaction, the chief accounting officer owned 7,859 shares in the company, valued at approximately $1,637,894.19. This represents a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ITT has been the subject of several research analyst reports. KeyCorp lifted their price target on ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $246.00 price target on ITT in a research note on Thursday, May 7th. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Stifel Nicolaus set a $246.00 price target on ITT in a research note on Thursday, May 7th. Finally, Barclays lifted their price target on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, ITT has a consensus rating of “Moderate Buy” and an average target price of $234.91.

ITT Stock Down 0.4%

ITT opened at $193.31 on Friday. The company has a market cap of $17.28 billion, a P/E ratio of 34.09, a P/E/G ratio of 1.83 and a beta of 1.27. The business’s 50-day moving average price is $203.31 and its 200-day moving average price is $192.06. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. ITT Inc. has a 12 month low of $149.02 and a 12 month high of $225.26.

ITT (NYSE:ITT) last released its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping the consensus estimate of $1.77 by $0.21. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, equities analysts expect that ITT Inc. will post 7.9 EPS for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be issued a $0.386 dividend. The ex-dividend date is Monday, June 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is currently 27.16%.

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.