Westfield Capital Management Co. LP Sells 89,223 Shares of ITT Inc. $ITT

Westfield Capital Management Co. LP decreased its holdings in shares of ITT Inc. (NYSE:ITT) by 13.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 568,027 shares of the conglomerate’s stock after selling 89,223 shares during the period. Westfield Capital Management Co. LP owned 0.73% of ITT worth $101,541,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ITT. Financial Gravity Companies Inc. bought a new position in shares of ITT during the 2nd quarter worth approximately $27,000. True Wealth Design LLC lifted its position 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 acquiring an additional 114 shares during the period. Atlantic Union Bankshares Corp bought a new position in ITT during the second quarter worth $34,000. Quent Capital LLC bought a new position in ITT during the third quarter worth $37,000. Finally, MTM Investment Management LLC acquired a new stake in ITT in the second quarter worth $39,000. 91.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a report on Friday, February 6th. KeyCorp upped their price target on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Robert W. Baird set a $222.00 price target on ITT in a report on Friday, February 6th. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $216.11.

ITT Stock Up 1.0%

Shares of NYSE:ITT opened at $209.00 on Thursday. The stock has a market cap of $17.97 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 1.93 and a beta of 1.37. The company has a quick ratio of 2.07, a current ratio of 2.58 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 $209.31. The business’s 50 day moving average is $187.43 and its 200 day moving average is $180.71.

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

ITT Increases Dividend

The company also recently disclosed 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. This is a positive change from ITT’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 6th. This represents a $1.54 annualized dividend and a yield of 0.7%. ITT’s dividend payout ratio (DPR) is 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.