Corient Private Wealth LP Acquires New Position in ITT Inc. $ITT

Key Points

• Corient Private Wealth LP acquired 13,440 ITT shares worth approximately $2.66 million in the second quarter. Institutional investors collectively own 91.59% of the company.
• ITT exceeded quarterly expectations, reporting $2.08 in EPS versus the $1.92 consensus and $1.47 billion in revenue, up 51.5% year over year. The company issued fiscal 2026 EPS guidance of $8.12–$8.32.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $244.82, while ITT announced a quarterly dividend of $0.386 per share, representing a 0.8% annualized yield.

Corient Private Wealth LP bought a new stake in shares of ITT Inc. (NYSE:ITT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,440 shares of the conglomerate's stock, valued at approximately $2,657,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of ITT in the 2nd quarter valued at approximately $28,000. Elyxium Wealth LLC bought a new position in ITT during the fourth quarter valued at approximately $29,000. Bayban acquired a new stake in ITT in the fourth quarter valued at approximately $31,000. Trust Co. of Vermont bought a new stake in ITT in the second quarter worth approximately $33,000. Finally, Parkside Financial Bank & Trust grew its position in ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate's stock worth $34,000 after acquiring an additional 76 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Stock Performance

Shares of ITT opened at $194.03 on Wednesday. The company has a market capitalization of $17.35 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.64 and a beta of 1.27. 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 one year low of $166.96 and a one year high of $230.32. The company's fifty day moving average price is $200.19 and its 200 day moving average price is $199.64.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.16. The company had revenue of $1.47 billion for 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%.The firm's revenue was up 51.5% compared to the same quarter last year. During the same period last year, the business posted $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, analysts expect that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be issued a $0.386 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT's dividend payout ratio (DPR) is 30.20%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ITT shares. Robert W. Baird set a $246.00 price target on shares of ITT in a report on Thursday, May 7th. DA Davidson upped their price objective on shares of ITT from $255.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Stifel Nicolaus increased their target price on shares of ITT from $246.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Wolfe Research raised ITT from a "peer perform" rating to an "outperform" rating and set a $229.00 price target for the company in a research report on Thursday, July 9th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $273.00 price target on shares of ITT in a research note on Friday, August 7th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $244.82.

Insider Activity at ITT

In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the completion of the transaction, the chief accounting officer directly owned 7,159 shares in the company, valued at $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Luca Savi acquired 5,019 shares of ITT stock in a transaction dated Monday, August 31st. The stock was acquired at an average cost of $199.56 per share, with a total value of $1,001,591.64. Following the completion of the transaction, the chief executive officer directly owned 267,373 shares of the company's stock, valued at $53,356,955.88. This trade represents a 1.91% increase in their position. The SEC filing for this purchase 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.

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