Inceptionr LLC Has $1.16 Million Holdings in ITT Inc. $ITT

Inceptionr LLC raised its holdings in ITT Inc. (NYSE:ITT) by 355.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,412 shares of the conglomerate’s stock after acquiring an additional 5,784 shares during the period. Inceptionr LLC’s holdings in ITT were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ITT. Covea Finance raised its holdings in ITT by 88.5% during the 2nd quarter. Covea Finance now owns 37,700 shares of the conglomerate’s stock worth $5,912,000 after buying an additional 17,700 shares during the period. MQS Management LLC bought a new stake in shares of ITT during the second quarter worth $362,000. Jump Financial LLC raised its holdings in shares of ITT by 145.8% during the first quarter. Jump Financial LLC now owns 17,152 shares of the conglomerate’s stock worth $2,215,000 after acquiring an additional 10,173 shares during the period. Ground Swell Capital LLC bought a new stake in ITT in the 2nd quarter valued at $249,000. Finally, GSA Capital Partners LLP acquired a new position in ITT in the 1st quarter worth $609,000. 91.59% of the stock is currently owned by institutional investors.

Insider Transactions at ITT

In other news, CFO Emmanuel Caprais sold 5,500 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $185.23, for a total transaction of $1,018,765.00. Following the transaction, the chief financial officer directly owned 36,830 shares in the company, valued at $6,822,020.90. The trade was a 12.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mesa Graziano Cheryl De sold 238 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $183.08, for a total transaction of $43,573.04. Following the completion of the sale, the chief accounting officer directly owned 5,062 shares in the company, valued at approximately $926,750.96. The trade was a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ITT shares. KeyCorp lifted their price target on ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Cowen reiterated a “buy” rating on shares of ITT in a report on Thursday, October 2nd. Stifel Nicolaus boosted their target price on ITT from $202.00 to $203.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Citigroup raised their price target on shares of ITT from $207.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, DA Davidson set a $190.00 price objective on shares of ITT and gave the company a “buy” rating in a report on Monday, August 4th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.25.

ITT Stock Performance

Shares of NYSE ITT opened at $184.12 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 1.52. The stock has a 50 day moving average price of $180.27 and a 200 day moving average price of $167.39. The stock has a market capitalization of $14.36 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $197.07.

ITT (NYSE:ITT) last announced its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.11. The company had revenue of $999.10 million for the quarter, compared to analysts’ expectations of $973.69 million. ITT had a return on equity of 18.96% and a net margin of 12.67%.The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.46 EPS. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. Analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be paid a $0.351 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is currently 23.26%.

ITT Company Profile

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.