Corient Private Wealth LP Invests $2.66 Million in ITT Inc. $ITT

Corient Private Wealth LP purchased a new stake in ITT Inc. (NYSE:ITT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,440 shares of the conglomerate’s stock, valued at approximately $2,657,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Investors boosted its position in shares of ITT by 3.0% during the 4th quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock valued at $1,526,421,000 after acquiring an additional 258,936 shares in the last quarter. BlackRock Inc. bought a new position in ITT during the second quarter worth about $1,715,593,000. State Street Corp boosted its holdings in ITT by 7.4% during the fourth quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock valued at $441,880,000 after purchasing an additional 175,367 shares in the last quarter. Geode Capital Management LLC boosted its holdings in ITT by 15.6% during the fourth quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock valued at $280,267,000 after purchasing an additional 217,360 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of ITT by 55,929.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after purchasing an additional 1,515,695 shares during the period. 91.59% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Luca Savi bought 5,019 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was bought at an average price of $199.56 per share, for a total transaction of $1,001,591.64. Following the completion of the transaction, the chief executive officer directly owned 267,373 shares in the company, valued at $53,356,955.88. The trade was a 1.91% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $214.54, for a total value of $150,178.00. Following the completion of the sale, the chief accounting officer owned 7,159 shares of the company’s stock, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.88% of the company’s stock.

ITT Stock Performance

Shares of NYSE:ITT opened at $194.03 on Wednesday. The business has a fifty day moving average of $200.19 and a 200-day moving average of $199.64. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. ITT Inc. has a twelve month low of $166.96 and a twelve month high of $230.32. The firm has a market cap of $17.35 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.64 and a beta of 1.27.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The company’s revenue was up 51.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, equities research analysts predict that ITT Inc. will post 8.25 EPS for the current fiscal year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s dividend payout ratio is 30.20%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings cut ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Wolfe Research upgraded shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price on the stock in a research note on Thursday, July 9th. DA Davidson increased their target price on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Robert W. Baird set a $246.00 price target on shares of ITT in a research report on Thursday, May 7th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.82.

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.