Assenagon Asset Management S.A. Has $19.85 Million Position in ITT Inc. $ITT

Assenagon Asset Management S.A. boosted its stake in shares of ITT Inc. (NYSE:ITT) by 284.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,426 shares of the conglomerate’s stock after purchasing an additional 84,651 shares during the period. Assenagon Asset Management S.A.’s holdings in ITT were worth $19,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ITT. True Wealth Design LLC boosted its stake in shares of ITT by 219.2% during the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after buying an additional 114 shares during the period. Quent Capital LLC acquired a new position in shares of ITT in the third quarter worth $37,000. Triumph Capital Management acquired a new position in shares of ITT in the third quarter worth $37,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of ITT during the third quarter worth $43,000. Finally, Bayforest Capital Ltd acquired a new stake in ITT during the third quarter valued at $46,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

ITT has been the topic of a number of recent research reports. Barclays started coverage on ITT in a research note on Monday, March 9th. They issued an “equal weight” rating and a $220.00 target price on the stock. DA Davidson set a $245.00 price target on ITT in a report on Monday, February 9th. Citigroup boosted their price target on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Wall Street Zen upgraded ITT from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Finally, Stifel Nicolaus lifted their target price on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Nine 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, the stock has an average rating of “Moderate Buy” and an average price target of $216.50.

Insider Activity at ITT

In other news, CEO Luca Savi sold 63,450 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total value of $12,099,280.50. Following the completion of the sale, the chief executive officer directly owned 262,354 shares in the company, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

ITT Price Performance

NYSE ITT opened at $187.04 on Friday. The firm has a market cap of $16.09 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 1.79 and a beta of 1.34. The stock’s 50-day moving average is $192.70 and its two-hundred day moving average is $183.77. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $209.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 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 business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. The firm’s revenue for the quarter 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, analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current fiscal 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 issued a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a yield of 0.8%. This is a boost from ITT’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 6th. ITT’s dividend payout ratio is 25.20%.

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.