Lazard Asset Management LLC Has $3.53 Million Stock Position in ITT Inc. $ITT

Lazard Asset Management LLC lifted its stake in ITT Inc. (NYSE:ITT) by 26.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,526 shares of the conglomerate’s stock after purchasing an additional 3,822 shares during the period. Lazard Asset Management LLC’s holdings in ITT were worth $3,530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Family Manage LLC lifted its stake in ITT by 23.5% in the first quarter. Family Manage LLC now owns 2,032 shares of the conglomerate’s stock valued at $387,000 after buying an additional 387 shares during the period. Waverly Advisors LLC acquired a new position in shares of ITT during the 1st quarter worth about $482,000. Entropy Technologies LP bought a new stake in shares of ITT in the 1st quarter valued at about $1,423,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of ITT in the 1st quarter valued at about $2,248,000. Finally, Renaissance Technologies LLC raised its position in shares of ITT by 309.6% in the 1st quarter. Renaissance Technologies LLC now owns 362,075 shares of the conglomerate’s stock valued at $68,986,000 after acquiring an additional 273,675 shares during the period. Institutional investors own 91.59% of the company’s stock.

ITT Price Performance

Shares of ITT opened at $195.59 on Friday. The stock has a 50 day simple moving average of $193.07 and a 200 day simple moving average of $196.17. ITT Inc. has a 52-week low of $157.66 and a 52-week high of $225.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The firm has a market capitalization of $17.49 billion, a PE ratio of 34.50, a P/E/G ratio of 1.85 and a beta of 1.27.

ITT (NYSE:ITT) last announced its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping the consensus estimate of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the company posted $1.45 EPS. The business’s quarterly revenue was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Sell-side analysts predict that ITT Inc. will post 7.89 EPS for the current fiscal year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 8th were issued a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, June 8th. ITT’s dividend payout ratio (DPR) is presently 27.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ITT shares. Citigroup boosted their price objective on shares of ITT from $252.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Robert W. Baird set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target on the stock in a research report on Thursday, July 9th. Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Barclays upped their price objective on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, ITT presently has a consensus rating of “Moderate Buy” and an average price target of $234.75.

Insider Buying and Selling at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the transaction, the chief accounting officer owned 7,859 shares in the company, valued at approximately $1,637,894.19. This represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the completion of the sale, the insider directly owned 8,729 shares in the company, valued at $1,817,988.83. This represents a 44.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.88% of the company’s stock.

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.