Inceptionr LLC Purchases 3,354 Shares of ITT Inc. $ITT

Inceptionr LLC raised its position in ITT Inc. (NYSE:ITT) by 45.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,766 shares of the conglomerate’s stock after purchasing an additional 3,354 shares during the period. ITT makes up about 0.5% of Inceptionr LLC’s investment portfolio, making the stock its 12th biggest holding. Inceptionr LLC’s holdings in ITT were worth $1,925,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ITT. Amundi grew its holdings in shares of ITT by 22,565.6% in the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after buying an additional 7,221 shares during the period. Goldman Sachs Group Inc. raised its stake in ITT by 7.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after buying an additional 28,937 shares during the period. Empowered Funds LLC bought a new position in ITT during the first quarter worth about $360,000. Focus Partners Wealth lifted its holdings in ITT by 80.7% during the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock worth $1,017,000 after acquiring an additional 3,515 shares in the last quarter. Finally, Assetmark Inc. grew its stake in ITT by 31.7% in the second quarter. Assetmark Inc. now owns 503 shares of the conglomerate’s stock valued at $79,000 after acquiring an additional 121 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. KeyCorp boosted their price objective on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Robert W. Baird set a $222.00 target price on ITT in a research note on Friday, February 6th. DA Davidson set a $245.00 target price on shares of ITT in a report on Monday, February 9th. Finally, Citigroup lifted their price target on shares of ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $216.11.

Insider Buying and Selling at ITT

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

ITT Stock Performance

ITT opened at $185.21 on Monday. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 1.71 and a beta of 1.34. The business’s 50-day moving average price is $190.09 and its two-hundred day moving average price is $182.21. ITT Inc. has a 1 year low of $105.64 and a 1 year high of $209.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07.

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

ITT Increases Dividend

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

ITT 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.