Chicago Partners Investment Group LLC Has $1.67 Million Stock Holdings in ITT Inc. $ITT

Chicago Partners Investment Group LLC increased its stake in shares of ITT Inc. (NYSE:ITT) by 129.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,778 shares of the conglomerate’s stock after buying an additional 4,944 shares during the period. Chicago Partners Investment Group LLC’s holdings in ITT were worth $1,672,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ITT. Diversified Trust Co bought a new position in shares of ITT during the first quarter worth approximately $2,478,000. TimesSquare Capital Management LLC lifted its holdings in ITT by 10.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 226,700 shares of the conglomerate’s stock worth $39,335,000 after purchasing an additional 21,200 shares during the last quarter. Payden & Rygel boosted its stake in ITT by 34.7% in the 4th quarter. Payden & Rygel now owns 112,500 shares of the conglomerate’s stock valued at $19,520,000 after purchasing an additional 29,000 shares during the period. Vanguard Group Inc. boosted its stake in ITT by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after purchasing an additional 620,217 shares during the period. Finally, Geode Capital Management LLC increased its position in ITT by 15.6% during the 4th quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock worth $280,267,000 after buying an additional 217,360 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ITT. Barclays boosted their price objective on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. The Goldman Sachs Group began coverage on shares of ITT in a report on Tuesday, March 31st. They set a “buy” rating and a $270.00 target price on the stock. KeyCorp lifted their price target on shares of ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Robert W. Baird set a $246.00 price target on ITT in a research note on Thursday, May 7th. Finally, Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.42.

ITT Stock Up 0.3%

Shares of ITT opened at $195.05 on Wednesday. The firm has a 50 day simple moving average of $194.79 and a two-hundred day simple moving average of $194.76. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01. ITT Inc. has a one year low of $154.29 and a one year high of $225.26. The company has a market cap of $17.44 billion, a P/E ratio of 34.40, a P/E/G ratio of 1.83 and a beta of 1.27.

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

ITT Dividend Announcement

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

Insider Activity

In other ITT news, insider Lori B. Marino sold 7,123 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the transaction, the chief accounting officer directly owned 7,859 shares of the company’s stock, valued at $1,637,894.19. This trade represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.88% of the company’s stock.

ITT Company 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.