153,865 Shares in ITT Inc. $ITT Bought by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG acquired 153,865 ITT shares in the third quarter, worth approximately $31.1 million and representing about 0.17% of the company. Institutional investors collectively own 91.59% of ITT.
• Analysts remain broadly positive, with eight Buy ratings and one Hold rating. ITT has a consensus rating of “Moderate Buy” and an average price target of $260.22.
• ITT reported quarterly EPS of $2.08, exceeding estimates of $1.92, while revenue rose 51.5% year over year to $1.47 billion. The company also declared a $0.386 quarterly dividend, equivalent to a 0.8% annual yield.

Robeco Schweiz AG acquired a new stake in shares of ITT Inc. (NYSE:ITT - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 153,865 shares of the conglomerate's stock, valued at approximately $31,053,000. Robeco Schweiz AG owned approximately 0.17% of ITT as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ITT. Signaturefd LLC raised its position in shares of ITT by 7.5% in the 3rd quarter. Signaturefd LLC now owns 2,376 shares of the conglomerate's stock worth $480,000 after purchasing an additional 165 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in ITT by 1.2% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 61,518 shares of the conglomerate's stock worth $12,416,000 after purchasing an additional 746 shares in the last quarter. Root Financial Partners LLC purchased a new stake in ITT during the 3rd quarter valued at about $128,000. AMF Tjanstepension AB grew its position in ITT by 1,027.2% during the 3rd quarter. AMF Tjanstepension AB now owns 505,575 shares of the conglomerate's stock valued at $102,035,000 after purchasing an additional 460,721 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in ITT by 3.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,883 shares of the conglomerate's stock valued at $1,993,000 after purchasing an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Analyst Ratings Changes

ITT has been the subject of several recent analyst reports. Stifel Nicolaus set a $256.00 target price on shares of ITT in a report on Monday, October 19th. Weiss Ratings cut shares of ITT from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday. Wolfe Research began coverage on shares of ITT in a report on Tuesday, September 15th. They set an "outperform" rating and a $272.00 price target on the stock. Citigroup raised their price target on shares of ITT from $254.00 to $267.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, KeyCorp boosted their price objective on shares of ITT from $250.00 to $263.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, ITT has a consensus rating of "Moderate Buy" and a consensus target price of $260.22.

ITT Trading Up 0.8%

Shares of NYSE:ITT opened at $189.72 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85. ITT Inc. has a 1 year low of $166.96 and a 1 year high of $230.32. The company has a market cap of $16.96 billion, a P/E ratio of 37.20, a PEG ratio of 1.55 and a beta of 1.25. The stock's fifty day moving average price is $203.32 and its 200-day moving average price is $201.62.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping the consensus estimate of $1.92 by $0.16. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%. ITT's revenue for the quarter was up 51.5% on a year-over-year basis. During the same period last year, the company earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Sell-side analysts expect that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th were paid a $0.3860 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT's payout ratio is currently 30.20%.

Insider Buying and Selling

In related news, CAO Graziano De sold 700 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the transaction, the chief accounting officer owned 7,159 shares in the company, valued at $1,535,891.86. This represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Luca Savi bought 5,019 shares of the company's stock in a transaction that occurred on Monday, August 31st. The stock was bought at an average price of $199.56 per share, for a total transaction of $1,001,591.64. Following the acquisition, the chief executive officer directly owned 267,373 shares of the company's stock, valued at $53,356,955.88. The trade was a 1.91% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.88% of the company's stock.

ITT Profile

ITT Inc NYSE: ITT is a global industrial manufacturer that designs and produces highly engineered components and technology solutions for transportation, industrial, energy, aerospace, defense and other specialized markets. The company serves original equipment manufacturers, distributors and end users through operations in North America, Europe, Asia and other international markets.

ITT operates through three primary business segments. Motion Technologies develops brake pads, shock absorbers, sealing products and other engineered components used in automotive, rail and related transportation applications.

Want to see what other hedge funds are holding ITT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ITT Inc. (NYSE:ITT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.