UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 6,333 Shares of ITT Inc. $ITT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in ITT Inc. (NYSE:ITT) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 263,749 shares of the conglomerate’s stock after acquiring an additional 6,333 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in ITT were worth $52,159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital International Investors raised its holdings in shares of ITT by 3.0% during the 4th quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock valued at $1,526,421,000 after buying an additional 258,936 shares in the last quarter. BlackRock Inc. purchased a new position in shares of ITT in the 2nd quarter valued at approximately $1,715,593,000. State Street Corp lifted its position in ITT by 7.4% during the 4th quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock valued at $441,880,000 after acquiring an additional 175,367 shares during the period. Geode Capital Management LLC grew its stake in shares of ITT by 15.6% in 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of ITT by 55,929.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after acquiring an additional 1,515,695 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ITT. Citigroup increased their price target on shares of ITT from $254.00 to $267.00 and gave the company a “buy” rating in a report on Friday, August 7th. BMO Capital Markets restated an “outperform” rating and set a $273.00 price target on shares of ITT in a research note on Friday, August 7th. KeyCorp upped their price objective on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Barclays increased their target price on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Finally, DA Davidson raised their price target on ITT from $255.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $244.82.

ITT Price Performance

ITT stock opened at $201.51 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. ITT Inc. has a 52 week low of $166.96 and a 52 week high of $230.32. The company has a fifty day simple moving average of $200.33 and a two-hundred day simple moving average of $199.66. The firm has a market capitalization of $18.02 billion, a P/E ratio of 39.51, a price-to-earnings-growth ratio of 1.59 and a beta of 1.27.

ITT (NYSE:ITT) last released its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company posted $1.64 EPS. The company’s revenue for the quarter was up 51.5% compared to the same quarter last year. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Analysts anticipate that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be paid a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio is currently 30.20%.

Insider Activity at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the completion of the transaction, the chief accounting officer directly owned 7,159 shares in the company, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Luca Savi purchased 5,019 shares of ITT stock in a transaction dated Monday, August 31st. The shares were acquired at an average cost of $199.56 per share, for a total transaction of $1,001,591.64. Following the completion of the transaction, the chief executive officer owned 267,373 shares of the company’s stock, valued at approximately $53,356,955.88. This represents a 1.91% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.88% of the stock is owned by corporate insiders.

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.