Vest Financial LLC Sells 9,907 Shares of ITT Inc. $ITT

Vest Financial LLC trimmed its position in shares of ITT Inc. (NYSE:ITT) by 33.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,559 shares of the conglomerate’s stock after selling 9,907 shares during the quarter. Vest Financial LLC’s holdings in ITT were worth $3,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC grew its position in ITT by 3.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,883 shares of the conglomerate’s stock worth $1,993,000 after acquiring an additional 327 shares during the last quarter. Cordatus Wealth Management LLC acquired a new stake in ITT during the 3rd quarter valued at $340,000. TD Waterhouse Canada Inc. raised its position in ITT by 155.9% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 3,859 shares of the conglomerate’s stock valued at $780,000 after purchasing an additional 2,351 shares during the last quarter. Banque Pictet & Cie SA bought a new position in ITT in the 3rd quarter valued at $389,000. Finally, Pension & Wealth Management Advisors Inc. bought a new position in ITT in the 3rd quarter valued at $26,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ITT shares. BMO Capital Markets reissued an “outperform” rating and issued a $273.00 price objective on shares of ITT in a research note on Friday, August 7th. DA Davidson raised their target price on ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Wolfe Research initiated coverage on ITT in a report on Tuesday, September 15th. They issued an “outperform” rating and a $272.00 price target for the company. Stifel Nicolaus set a $256.00 price target on shares of ITT in a research report on Monday. Finally, Citigroup upped their price target on shares of ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, ITT presently has an average rating of “Moderate Buy” and a consensus target price of $260.22.

ITT Stock Performance

ITT stock opened at $189.72 on Friday. The company has a market cap of $16.96 billion, a PE ratio of 37.20, a PEG ratio of 1.54 and a beta of 1.25. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. ITT Inc. has a 1 year low of $166.96 and a 1 year high of $230.32. The company’s 50-day moving average is $203.32 and its two-hundred day moving average is $201.62.

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

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th were paid a $0.3860 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is presently 30.20%.

Insider Buying and Selling

In other ITT news, CEO Luca Savi bought 5,019 shares of the stock in a transaction on Monday, August 31st. The stock was purchased at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the acquisition, the chief executive officer owned 267,373 shares of the company’s stock, valued at approximately $53,356,955.88. The trade was a 1.91% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Graziano De sold 700 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the sale, the chief accounting officer owned 7,159 shares of the company’s stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by company insiders.

ITT Profile

ITT Inc (NYSE: ITT) is a global industrial manufacturer that designs and produces highly engineered components and technology solutions for transportation, industrial, energy, aerospace, defense and other specialized markets. The company serves original equipment manufacturers, distributors and end users through operations in North America, Europe, Asia and other international markets.

ITT operates through three primary business segments. Motion Technologies develops brake pads, shock absorbers, sealing products and other engineered components used in automotive, rail and related transportation applications.