Blair William & Co. IL Has $4.30 Million Holdings in ITT Inc. $ITT

Key Points

• Blair William & Co. IL increased its stake in ITT Inc. by 19.9%, holding 27,383 shares worth approximately $4.30 million as of the latest SEC filing.
• Analysts are generally positive about ITT, with multiple firms maintaining a "buy" rating and price targets increasing up to $200.00.
• ITT has reported a quarterly earnings beat with $1.64 EPS, and recently declared a quarterly dividend, reflecting a 0.8% dividend yield.

Blair William & Co. IL lifted its stake in ITT Inc. (NYSE:ITT - Free Report) by 19.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,383 shares of the conglomerate's stock after buying an additional 4,545 shares during the period. Blair William & Co. IL's holdings in ITT were worth $4,295,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ITT. AdvisorNet Financial Inc raised its holdings in shares of ITT by 26.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 487 shares of the conglomerate's stock worth $76,000 after buying an additional 101 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of ITT by 72.7% in the 1st quarter. Farther Finance Advisors LLC now owns 786 shares of the conglomerate's stock worth $103,000 after buying an additional 331 shares in the last quarter. CX Institutional acquired a new position in shares of ITT in the 1st quarter worth approximately $107,000. Geneos Wealth Management Inc. raised its holdings in shares of ITT by 341.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 913 shares of the conglomerate's stock worth $118,000 after buying an additional 706 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of ITT by 273.4% in the 1st quarter. Quarry LP now owns 926 shares of the conglomerate's stock worth $120,000 after buying an additional 678 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings restated a "buy (b)" rating on shares of ITT in a research report on Wednesday, October 8th. DA Davidson set a $190.00 price target on ITT and gave the stock a "buy" rating in a research report on Monday, August 4th. UBS Group increased their price target on ITT from $168.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. KeyCorp increased their price target on ITT from $192.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Finally, Cowen restated a "buy" rating on shares of ITT in a research report on Thursday, October 2nd. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $190.89.

Insider Buying and Selling at ITT

In other news, CEO Luca Savi sold 36,385 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total value of $5,994,792.60. Following the transaction, the chief executive officer owned 297,536 shares of the company's stock, valued at $49,022,031.36. This represents a 10.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.

ITT Stock Performance

ITT stock opened at $170.89 on Monday. The business's fifty day moving average is $173.24 and its 200-day moving average is $155.59. The company has a quick ratio of 0.99, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The company has a market cap of $13.33 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 2.11 and a beta of 1.38. ITT Inc. has a twelve month low of $105.64 and a twelve month high of $185.57.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The conglomerate reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.02. The company had revenue of $972.40 million for the quarter, compared to the consensus estimate of $947.48 million. ITT had a return on equity of 18.08% and a net margin of 13.99%.The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.49 EPS. ITT has set its FY 2025 guidance at 6.350-6.550 EPS. Equities research analysts forecast that ITT Inc. will post 6.51 EPS for the current year.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 2nd were paid a $0.351 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. ITT's dividend payout ratio is 22.01%.

ITT Company Profile

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.

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