Fisher Asset Management LLC Has $17.95 Million Stake in ITT Inc. $ITT

Fisher Asset Management LLC lowered its stake in ITT Inc. (NYSE:ITT) by 5.2% in the third quarter, HoldingsChannel.com reports. The firm owned 100,412 shares of the conglomerate’s stock after selling 5,453 shares during the quarter. Fisher Asset Management LLC’s holdings in ITT were worth $17,950,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Assetmark Inc. boosted its position in ITT by 10.9% in the 3rd quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock valued at $100,000 after buying an additional 55 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of ITT by 0.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate’s stock valued at $4,454,000 after acquiring an additional 65 shares during the period. Covestor Ltd boosted its holdings in ITT by 15.3% in the third quarter. Covestor Ltd now owns 512 shares of the conglomerate’s stock valued at $92,000 after acquiring an additional 68 shares during the last quarter. Merit Financial Group LLC increased its position in ITT by 1.5% in the third quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock worth $845,000 after purchasing an additional 69 shares during the period. Finally, Unique Wealth LLC increased its position in ITT by 1.9% in the third quarter. Unique Wealth LLC now owns 4,107 shares of the conglomerate’s stock worth $734,000 after purchasing an additional 75 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ITT. KeyCorp upped their target price on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Wall Street Zen raised shares of ITT from a “hold” rating to a “buy” rating in a research note on Monday. Robert W. Baird set a $222.00 target price on shares of ITT in a report on Friday, February 6th. Finally, DA Davidson set a $245.00 price target on ITT in a research note on Monday, February 9th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ITT presently has an average rating of “Buy” and an average price target of $216.11.

ITT Price Performance

ITT opened at $197.78 on Thursday. The company has a fifty day simple moving average of $189.69 and a 200 day simple moving average of $181.80. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The stock has a market cap of $17.01 billion, a P/E ratio of 32.37, a P/E/G ratio of 1.78 and a beta of 1.34. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $209.70.

ITT (NYSE:ITT) last posted its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm earned $1.50 earnings per share. The company’s revenue was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, research analysts expect that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be paid a $0.386 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s payout ratio is presently 22.91%.

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.