Vest Financial LLC Has $6.09 Million Holdings in ITT Inc. $ITT

Vest Financial LLC grew its holdings in ITT Inc. (NYSE:ITT) by 17.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,058 shares of the conglomerate’s stock after purchasing an additional 4,991 shares during the period. Vest Financial LLC’s holdings in ITT were worth $6,088,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ITT. Financial Gravity Companies Inc. purchased a new stake in ITT in the 2nd quarter worth about $27,000. True Wealth Design LLC lifted its position in shares of ITT by 219.2% in the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 114 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in ITT during the second quarter valued at approximately $34,000. Quent Capital LLC purchased a new position in ITT during the third quarter valued at approximately $37,000. Finally, MTM Investment Management LLC acquired a new position in ITT in the 2nd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Trading Up 3.3%

Shares of NYSE:ITT opened at $185.65 on Thursday. ITT Inc. has a 52-week low of $105.64 and a 52-week high of $197.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.52. The company has a market cap of $15.97 billion, a P/E ratio of 30.84, a P/E/G ratio of 1.62 and a beta of 1.37. The stock’s 50-day moving average is $179.07 and its 200-day moving average is $174.59.

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

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 1st were given a dividend of $0.351 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. ITT’s payout ratio is 23.26%.

Analyst Ratings Changes

Several research firms have recently commented on ITT. KeyCorp boosted their price target on shares of ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Stifel Nicolaus set a $225.00 price objective on ITT in a research report on Friday, December 5th. Wall Street Zen cut ITT from a “buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research report on Wednesday, October 8th. Finally, Citigroup boosted their target price on shares of ITT from $207.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ITT presently has a consensus rating of “Buy” and a consensus target price of $207.13.

Insider Buying and Selling at ITT

In related news, CAO Mesa Graziano Cheryl De sold 238 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $183.08, for a total transaction of $43,573.04. Following the transaction, the chief accounting officer directly owned 5,062 shares in the company, valued at $926,750.96. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Emmanuel Caprais sold 5,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 36,830 shares of the company’s stock, valued at approximately $6,822,020.90. This trade represents a 12.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.47% of the stock is owned by corporate insiders.

ITT Company 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.