9,240 Shares in ITT Inc. $ITT Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new position in shares of ITT Inc. (NYSE:ITT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,240 shares of the conglomerate’s stock, valued at approximately $1,603,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sagespring Wealth Partners LLC increased its stake in shares of ITT by 13.9% during the fourth quarter. Sagespring Wealth Partners LLC now owns 1,338 shares of the conglomerate’s stock valued at $232,000 after purchasing an additional 163 shares in the last quarter. Everhart Financial Group Inc. boosted its position in shares of ITT by 3.2% in the 4th quarter. Everhart Financial Group Inc. now owns 8,533 shares of the conglomerate’s stock worth $1,481,000 after purchasing an additional 264 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of ITT by 10.0% in the 4th quarter. Park Avenue Securities LLC now owns 5,197 shares of the conglomerate’s stock worth $902,000 after buying an additional 474 shares during the last quarter. GAMMA Investing LLC increased its position in ITT by 20.4% during the 4th quarter. GAMMA Investing LLC now owns 2,608 shares of the conglomerate’s stock valued at $453,000 after buying an additional 442 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new position in ITT during the 3rd quarter valued at approximately $8,641,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

ITT stock opened at $183.22 on Monday. The stock’s 50 day simple moving average is $192.05 and its 200 day simple moving average is $183.40. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $209.70. The stock has a market capitalization of $15.76 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 1.69 and a beta of 1.34.

ITT (NYSE:ITT) last posted its earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, topping 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 business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company earned $1.50 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, research analysts forecast that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be given a $0.386 dividend. This is a positive change from ITT’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s payout ratio is presently 25.20%.

Insiders Place Their Bets

In other ITT news, CEO Luca Savi sold 63,450 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the transaction, the chief executive officer owned 262,354 shares in the company, valued at approximately $50,028,284.26. This represents a 19.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ITT. DA Davidson set a $245.00 target price on ITT in a report on Monday, February 9th. KeyCorp raised their price target on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Robert W. Baird set a $222.00 price target on ITT in a research report on Friday, February 6th. Stifel Nicolaus upped their price target on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Barclays began coverage on shares of ITT in a research report on Monday, March 9th. They set an “equal weight” rating and a $220.00 price objective on the stock. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $216.50.

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.