Universal Beteiligungs und Servicegesellschaft mbH Purchases 1,249 Shares of ITT Inc. $ITT

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of ITT Inc. (NYSE:ITT) by 4.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,494 shares of the conglomerate’s stock after purchasing an additional 1,249 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in ITT were worth $5,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ITT. UMB Bank n.a. boosted its stake 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 acquiring an additional 98 shares during the last quarter. Mutual Advisors LLC lifted its stake in shares of ITT by 3.5% in the 2nd quarter. Mutual Advisors LLC now owns 2,923 shares of the conglomerate’s stock valued at $472,000 after purchasing an additional 98 shares during the period. Clearstead Trust LLC boosted its position in shares of ITT by 40.0% in the 2nd quarter. Clearstead Trust LLC now owns 350 shares of the conglomerate’s stock worth $55,000 after purchasing an additional 100 shares during the last quarter. AdvisorNet Financial Inc grew its stake in shares of ITT by 26.2% during the second quarter. AdvisorNet Financial Inc now owns 487 shares of the conglomerate’s stock worth $76,000 after purchasing an additional 101 shares during the period. Finally, Fullcircle Wealth LLC increased its holdings in ITT by 6.5% in the second quarter. Fullcircle Wealth LLC now owns 1,777 shares of the conglomerate’s stock valued at $297,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling at ITT

In other news, CAO Mesa Graziano Cheryl De sold 238 shares of the 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 transaction, the chief accounting officer directly owned 5,062 shares in the company, valued at $926,750.96. This represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Emmanuel Caprais sold 5,500 shares of ITT 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 in the company, valued at approximately $6,822,020.90. This represents a 12.99% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.47% of the company’s stock.

ITT Trading Down 0.1%

ITT opened at $178.76 on Friday. The stock has a market capitalization of $13.94 billion, a P/E ratio of 29.70, a P/E/G ratio of 2.42 and a beta of 1.40. The company has a current ratio of 1.52, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $197.07. The firm’s fifty day simple moving average is $180.13 and its 200 day simple moving average is $166.37.

ITT (NYSE:ITT) last released its 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. ITT had a return on equity of 18.96% and a net margin of 12.67%.The firm had revenue of $999.10 million during the quarter, compared to analysts’ expectations of $973.69 million. During the same quarter in the prior year, the company earned $1.46 EPS. The company’s revenue was up 12.9% on a year-over-year basis. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. As a group, research analysts anticipate that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ITT. Bank of America raised their target price on ITT from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a report on Wednesday, October 8th. DA Davidson set a $190.00 price target on shares of ITT and gave the stock a “buy” rating in a research report on Monday, August 4th. Citigroup upped their price objective on shares of ITT from $207.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, TD Cowen boosted their target price on ITT from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.25.

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.