ITT Inc. $ITT Stake Boosted by AMF Tjanstepension AB

Key Points

• AMF Tjanstepension AB increased its ITT stake by 1,027.2% in the third quarter, ending with 505,575 shares valued at approximately $102 million. Institutional investors collectively own 91.59% of ITT.
• ITT reported quarterly earnings of $2.08 per share, beating estimates of $1.92, while revenue rose 51.5% year over year to $1.47 billion. The company provided fiscal 2026 EPS guidance of $8.12–$8.32.
• Analysts maintain a favorable outlook, with eight Buy ratings and one Hold; ITT has a “Moderate Buy” consensus rating and an average price target of $260.22, compared with its reported opening price of $187.90.

AMF Tjanstepension AB increased its holdings in ITT Inc. (NYSE:ITT - Free Report) by 1,027.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 505,575 shares of the conglomerate's stock after buying an additional 460,721 shares during the quarter. AMF Tjanstepension AB owned 0.57% of ITT worth $102,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ITT. Pension & Wealth Management Advisors Inc. bought a new position in ITT in the third quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of ITT during the 2nd quarter valued at $28,000. Trust Co. of Vermont bought a new stake in shares of ITT during the 2nd quarter valued at $33,000. Transamerica Financial Advisors LLC bought a new stake in shares of ITT during the 2nd quarter valued at $43,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of ITT in the 1st quarter worth $42,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

ITT Stock Performance

ITT opened at $187.90 on Friday. The firm has a market cap of $16.80 billion, a P/E ratio of 36.84, a PEG ratio of 1.64 and a beta of 1.25. ITT Inc. has a 1-year low of $166.96 and a 1-year high of $230.32. The company has a 50 day simple moving average of $203.91 and a two-hundred day simple moving average of $201.70. 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 (NYSE:ITT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.92 by $0.16. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same period in the prior year, the company posted $1.64 earnings per share. The company's revenue for the quarter was up 51.5% compared to the same quarter last year. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Equities analysts forecast that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th were issued a dividend of $0.3860 per share. The ex-dividend date of this dividend was 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 currently 30.20%.

Insider Transactions at ITT

In other news, CAO Graziano De sold 700 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $214.54, for a total value of $150,178.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Luca Savi acquired 5,019 shares of the stock in a transaction dated Monday, August 31st. The stock was acquired at an average price of $199.56 per share, for a total transaction 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 approximately $53,356,955.88. This represents a 1.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.88% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup upped their price objective on ITT from $254.00 to $267.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. BMO Capital Markets reiterated an "outperform" rating and set a $273.00 target price on shares of ITT in a research report on Friday, August 7th. Stifel Nicolaus set a $256.00 price target on ITT in a report on Monday. KeyCorp upped their price target on ITT from $250.00 to $263.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded ITT from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, ITT has an average rating of "Moderate Buy" and an average target price of $260.22.

ITT Company 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.

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