AMF Tjanstepension AB Has $6.30 Million Stake in ITT Inc. $ITT

AMF Tjanstepension AB lifted its position in ITT Inc. (NYSE:ITT) by 31.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 33,048 shares of the conglomerate’s stock after purchasing an additional 7,966 shares during the period. AMF Tjanstepension AB’s holdings in ITT were worth $6,297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ITT. Teachers Retirement System of The State of Kentucky lifted its position in ITT by 17.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 61,224 shares of the conglomerate’s stock worth $11,665,000 after acquiring an additional 9,160 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of ITT by 1.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,548 shares of the conglomerate’s stock worth $4,106,000 after purchasing an additional 277 shares during the period. Citizens Financial Group Inc. RI acquired a new position in shares of ITT during the 1st quarter worth about $550,000. Fifth Third Bancorp boosted its stake in ITT by 1,096.2% during the 1st quarter. Fifth Third Bancorp now owns 26,472 shares of the conglomerate’s stock valued at $5,044,000 after purchasing an additional 24,259 shares during the period. Finally, Candriam S.C.A. boosted its stake in ITT by 20.9% during the 1st quarter. Candriam S.C.A. now owns 48,094 shares of the conglomerate’s stock valued at $9,163,000 after purchasing an additional 8,311 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on ITT. Citigroup raised their price target on shares of ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings downgraded ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Stifel Nicolaus set a $246.00 price target on ITT in a report on Thursday, May 7th. The Goldman Sachs Group initiated coverage on ITT in a research report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price objective for the company. Finally, Robert W. Baird set a $246.00 price objective on ITT in a report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, ITT has an average rating of “Moderate Buy” and a consensus price target of $234.42.

Insider Buying and Selling at ITT

In other news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the sale, the chief accounting officer owned 7,859 shares in the company, valued at approximately $1,637,894.19. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lori B. Marino sold 7,123 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the sale, the insider owned 8,729 shares in the company, valued at $1,817,988.83. The trade was a 44.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.88% of the company’s stock.

ITT Stock Down 0.2%

Shares of NYSE:ITT opened at $194.65 on Monday. The company’s fifty day moving average is $195.55 and its 200-day moving average is $194.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. ITT Inc. has a 52 week low of $154.29 and a 52 week high of $225.26. The company has a market capitalization of $17.40 billion, a PE ratio of 34.33, a P/E/G ratio of 1.83 and a beta of 1.27.

ITT (NYSE:ITT) last announced its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.21. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the firm posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities research analysts predict that ITT Inc. will post 7.91 earnings per share for the current fiscal year.

ITT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 8th were given a $0.386 dividend. The ex-dividend date was Monday, June 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s payout ratio is presently 27.16%.

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.