Northwestern Mutual Wealth Management Co. Takes $809,000 Position in ITT Inc. $ITT

Northwestern Mutual Wealth Management Co. purchased a new position in ITT Inc. (NYSE:ITT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,090 shares of the conglomerate’s stock, valued at approximately $809,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in ITT in the 2nd quarter valued at about $28,000. Trust Co. of Vermont purchased a new stake in ITT during the 2nd quarter worth approximately $33,000. Elyxium Wealth LLC acquired a new position in shares of ITT during the fourth quarter valued at approximately $29,000. Bayban acquired a new position in shares of ITT during the fourth quarter valued at approximately $31,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 76 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ITT has been the subject of several research reports. Stifel Nicolaus boosted their price target on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Barclays boosted their price target on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. BMO Capital Markets restated an “outperform” rating and issued a $273.00 price target on shares of ITT in a research report on Friday, August 7th. DA Davidson lifted their price objective on ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, ITT presently has a consensus rating of “Moderate Buy” and an average target price of $241.08.

Insider Buying and Selling at ITT

In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer owned 7,159 shares in the company, valued at approximately $1,535,891.86. This represents a 8.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.88% of the company’s stock.

ITT Price Performance

Shares of ITT opened at $210.50 on Thursday. The company has a market cap of $18.82 billion, a P/E ratio of 41.27, a PEG ratio of 1.68 and a beta of 1.27. ITT Inc. has a fifty-two week low of $166.96 and a fifty-two week high of $230.32. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average price is $199.83 and its 200 day moving average price is $199.68.

ITT (NYSE:ITT) last released its earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping the consensus estimate of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm posted $1.64 EPS. ITT’s revenue for the quarter was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, research analysts forecast that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be paid a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio is currently 30.20%.

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.