Cwm LLC Purchases 3,287 Shares of ITT Inc. $ITT

Key Points

• Cwm LLC increased its stake in ITT Inc. by 48.8%, acquiring an additional 3,287 shares and bringing its total holdings to 10,028 shares valued at $1,573,000.
• ITT recently reported quarterly earnings of $1.64 per share, exceeding expectations, and has set its full-year 2025 EPS guidance between 6.350 and 6.550.
• The company has declared a quarterly dividend of $0.351 per share, resulting in an annualized yield of 0.8%, and the last payment was made on September 29th.

Cwm LLC raised its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 48.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,028 shares of the conglomerate's stock after acquiring an additional 3,287 shares during the period. Cwm LLC's holdings in ITT were worth $1,573,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc lifted its stake in shares of ITT by 26.2% in the second quarter. AdvisorNet Financial Inc now owns 487 shares of the conglomerate's stock valued at $76,000 after buying an additional 101 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of ITT by 72.7% during the first 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. Geneos Wealth Management Inc. increased its holdings in shares of ITT by 341.1% during the first 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. Quarry LP increased its holdings in shares of ITT by 273.4% during the first 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. Finally, Brooklyn Investment Group increased its holdings in shares of ITT by 178.2% in the first quarter. Brooklyn Investment Group now owns 982 shares of the conglomerate's stock valued at $127,000 after purchasing an additional 629 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

ITT Trading Up 1.1%

ITT opened at $172.83 on Monday. The stock has a market capitalization of $13.48 billion, a P/E ratio of 27.18, a P/E/G ratio of 2.13 and a beta of 1.38. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $185.57. The firm's fifty day simple moving average is $173.87 and its 200 day simple moving average is $157.12. The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The conglomerate reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.02. ITT had a net margin of 13.99% and a return on equity of 18.08%. The firm had revenue of $972.40 million for the quarter, compared to analyst estimates of $947.48 million. During the same period in the previous year, the business earned $1.49 EPS. The company's revenue was up 7.3% compared to the same quarter last year. ITT has set its FY 2025 guidance at 6.350-6.550 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 declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Tuesday, September 2nd were paid a $0.351 dividend. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, September 2nd. ITT's payout ratio is presently 22.01%.

Insider Transactions at ITT

In other ITT news, CEO Luca Savi sold 36,385 shares of ITT stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $5,994,792.60. Following the sale, the chief executive officer directly owned 297,536 shares in the company, valued at approximately $49,022,031.36. The trade was a 10.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ITT. KeyCorp raised their price target on shares of ITT from $192.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Bank of America lifted their target price on shares of ITT from $190.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. DA Davidson set a $190.00 target price on shares of ITT and gave the stock a "buy" rating in a report on Monday, August 4th. Stifel Nicolaus lifted their target price on shares of ITT from $197.00 to $202.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, TD Cowen lifted their target price on shares of ITT from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, ITT has an average rating of "Moderate Buy" and an average price target of $190.89.

ITT 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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