Ceredex Value Advisors LLC Makes New Investment in ITT Inc. $ITT

Ceredex Value Advisors LLC bought a new position in ITT Inc. (NYSE:ITT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 239,143 shares of the conglomerate’s stock, valued at approximately $47,293,000. ITT comprises 1.3% of Ceredex Value Advisors LLC’s holdings, making the stock its 7th largest holding.

Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of ITT during the second quarter valued at approximately $1,715,593,000. Northwestern Mutual Wealth Management Co. boosted its position in 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 purchasing an additional 1,515,695 shares during the last quarter. Norges Bank bought a new position in ITT in the 4th quarter valued at $194,884,000. Vanguard Group Inc. increased its position in shares of ITT by 7.9% during 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 last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of ITT during the 2nd quarter valued at $119,853,000. 91.59% of the stock is owned by institutional investors.

ITT Stock Down 2.3%

ITT stock opened at $208.58 on Friday. The stock has a fifty day moving average of $198.63 and a 200-day moving average of $199.18. ITT Inc. has a fifty-two week low of $164.00 and a fifty-two week high of $230.32. The company has a market capitalization of $18.65 billion, a price-to-earnings ratio of 40.90, a PEG ratio of 1.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm’s quarterly revenue was up 51.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, equities research analysts predict that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be given a $0.386 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. ITT’s payout ratio is 30.20%.

Insider Activity

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the company’s stock in a transaction that occurred 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 directly owned 7,159 shares in the company, valued at approximately $1,535,891.86. This represents a 8.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ITT shares. Stifel Nicolaus boosted their price target on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 20th. BMO Capital Markets restated an “outperform” rating and set a $273.00 price objective on shares of ITT in a report on Friday, August 7th. Robert W. Baird set a $246.00 price objective on shares of ITT in a research report on Thursday, May 7th. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, DA Davidson raised their price target on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Eleven 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.com, ITT presently has an average rating of “Moderate Buy” and a consensus price target of $241.08.

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.