ITT Inc. $ITT Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. decreased its holdings in shares of ITT Inc. (NYSE:ITT) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 326,078 shares of the conglomerate’s stock after selling 18,920 shares during the quarter. Mawer Investment Management Ltd. owned about 0.42% of ITT worth $51,139,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ITT. Stephens Inc. AR grew its holdings in shares of ITT by 4.8% during the 1st quarter. Stephens Inc. AR now owns 1,970 shares of the conglomerate’s stock worth $254,000 after purchasing an additional 90 shares during the period. UMB Bank n.a. lifted its position in ITT by 11.4% in the second quarter. UMB Bank n.a. now owns 954 shares of the conglomerate’s stock valued at $150,000 after buying an additional 98 shares during the last quarter. Mutual Advisors LLC boosted its stake in ITT by 3.5% during the second quarter. Mutual Advisors LLC now owns 2,923 shares of the conglomerate’s stock worth $472,000 after buying an additional 98 shares during the period. AdvisorNet Financial Inc increased its position in shares of ITT by 26.2% during the second quarter. AdvisorNet Financial Inc now owns 487 shares of the conglomerate’s stock valued at $76,000 after acquiring an additional 101 shares during the last quarter. Finally, Fullcircle Wealth LLC increased its position in shares of ITT by 6.5% during the second quarter. Fullcircle Wealth LLC now owns 1,777 shares of the conglomerate’s stock valued at $297,000 after acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Price Performance

ITT stock opened at $191.19 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $178.15 and a 200-day simple moving average of $163.91. The stock has a market cap of $14.91 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $197.07.

ITT (NYSE:ITT) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $973.69 million. ITT had a return on equity of 18.96% and a net margin of 12.67%.ITT’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.46 EPS. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. Equities analysts expect that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 1st will be issued a $0.351 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, December 1st. ITT’s dividend payout ratio is 23.26%.

Analyst Ratings Changes

A number of research firms recently weighed in on ITT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research report on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of ITT in a research note on Thursday, October 2nd. Citigroup raised their price objective on shares of ITT from $207.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. TD Cowen increased their target price on shares of ITT from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, DA Davidson set a $190.00 target price on 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.25.

Insider Activity at ITT

In other news, CAO Mesa Graziano Cheryl De sold 238 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $183.08, for a total value of $43,573.04. Following the completion of the transaction, the chief accounting officer owned 5,062 shares in the company, valued at approximately $926,750.96. This represents a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $1,018,765.00. Following the completion of the sale, the chief financial officer directly owned 36,830 shares of the company’s stock, valued at $6,822,020.90. The trade was a 12.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.47% of the company’s stock.

About ITT

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.