Chesapeake Capital Corp IL Purchases New Stake in ITT Inc. $ITT

Chesapeake Capital Corp IL acquired a new position in shares of ITT Inc. (NYSE:ITT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,296 shares of the conglomerate’s stock, valued at approximately $1,125,000. ITT accounts for 1.0% of Chesapeake Capital Corp IL’s investment portfolio, making the stock its 23rd biggest holding.

Several other hedge funds have also recently bought and sold shares of the company. Capital International Investors boosted its position in shares of ITT by 0.5% during the 3rd quarter. Capital International Investors now owns 8,538,229 shares of the conglomerate’s stock worth $1,526,281,000 after acquiring an additional 38,433 shares in the last quarter. Invesco Ltd. raised its position in ITT by 3.1% during the third quarter. Invesco Ltd. now owns 1,128,933 shares of the conglomerate’s stock valued at $201,808,000 after purchasing an additional 34,183 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in ITT by 5.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 960,394 shares of the conglomerate’s stock worth $150,619,000 after purchasing an additional 45,826 shares during the last quarter. Norges Bank bought a new stake in ITT during the second quarter worth $140,815,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of ITT by 1.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 786,681 shares of the conglomerate’s stock valued at $123,376,000 after purchasing an additional 7,562 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Insider Activity at ITT

In other news, CEO Luca Savi sold 63,450 shares of ITT stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the transaction, the chief executive officer owned 262,354 shares in the company, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ITT. Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. KeyCorp raised their price objective on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Stifel Nicolaus lifted their target price on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Citigroup boosted their target price on ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $216.50.

ITT Trading Up 0.7%

NYSE ITT opened at $187.89 on Friday. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 1.72 and a beta of 1.34. ITT Inc. has a twelve month low of $105.64 and a twelve month high of $209.70. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average is $191.39 and its 200 day moving average is $182.69.

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

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.386 per share. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is 25.20%.

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.