AEGON ASSET MANAGEMENT UK Plc Has $33.79 Million Holdings in ITT Inc. $ITT

AEGON ASSET MANAGEMENT UK Plc increased its holdings in ITT Inc. (NYSE:ITT) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,323 shares of the conglomerate’s stock after acquiring an additional 7,542 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in ITT were worth $33,792,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ITT. Amundi raised its stake in shares of ITT by 22,565.6% in the first quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after purchasing an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of ITT by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after purchasing an additional 28,937 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of ITT during the first quarter valued at approximately $360,000. Focus Partners Wealth boosted its position in shares of ITT by 80.7% during the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after buying an additional 3,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in ITT during the second quarter worth $1,880,000. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ITT. Citigroup increased their price target on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. DA Davidson lifted their price objective on shares of ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 11th. The Goldman Sachs Group assumed coverage on shares of ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price for the company. Robert W. Baird set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. Finally, BMO Capital Markets initiated coverage on shares of ITT in a research report on Friday, March 27th. They set an “outperform” rating and a $233.00 price target on the stock. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $234.91.

ITT Stock Performance

ITT stock opened at $196.66 on Friday. The firm has a market cap of $17.58 billion, a PE ratio of 34.68, a P/E/G ratio of 1.85 and a beta of 1.27. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average of $203.14 and a 200-day moving average of $192.71. ITT Inc. has a 12-month low of $149.02 and a 12-month high of $225.26.

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

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be given a dividend of $0.386 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is currently 27.16%.

Insider Buying and Selling at ITT

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

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.