NorthRock Partners LLC purchased a new position in ITT Inc. (NYSE:ITT - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,645 shares of the conglomerate's stock, valued at approximately $258,000.
Other hedge funds have also recently made changes to their positions in the company. Select Equity Group L.P. lifted its position in ITT by 4.4% in the 1st quarter. Select Equity Group L.P. now owns 4,765,602 shares of the conglomerate's stock valued at $615,525,000 after acquiring an additional 200,676 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in ITT by 97.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,835,894 shares of the conglomerate's stock valued at $237,125,000 after acquiring an additional 904,654 shares in the last quarter. Nuveen LLC bought a new position in ITT in the 1st quarter valued at approximately $156,406,000. Findlay Park Partners LLP lifted its position in ITT by 94.7% in the 1st quarter. Findlay Park Partners LLP now owns 795,600 shares of the conglomerate's stock valued at $102,760,000 after acquiring an additional 387,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in ITT by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 522,212 shares of the conglomerate's stock valued at $67,449,000 after acquiring an additional 4,905 shares in the last quarter. 91.59% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, CEO Luca Savi sold 36,385 shares of the firm's 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 directly owned 297,536 shares of the company's stock, valued at approximately $49,022,031.36. This trade represents a 10.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.47% of the company's stock.
Analysts Set New Price Targets
ITT has been the topic of several analyst reports. Cowen reaffirmed a "buy" rating on shares of ITT in a research report on Thursday, October 2nd. TD Cowen upped their price objective on ITT from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Bank of America upped their price objective on ITT from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. UBS Group increased their price target on ITT from $168.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, September 2nd. Finally, KeyCorp increased their price target on ITT from $192.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Eleven 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $190.89.
Check Out Our Latest Research Report on ITT
ITT Price Performance
NYSE ITT opened at $170.72 on Friday. The business's fifty day moving average price is $173.73 and its 200-day moving average price is $156.41. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 2.13 and a beta of 1.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.99. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $185.57.
ITT (NYSE:ITT - Get Free Report) last announced its earnings results on Thursday, July 31st. The conglomerate reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.02. ITT had a return on equity of 18.08% and a net margin of 13.99%.The company had revenue of $972.40 million for the quarter, compared to analysts' expectations of $947.48 million. During the same period last year, the firm earned $1.49 EPS. ITT's revenue for the quarter was up 7.3% compared to the same quarter last year. ITT has set its FY 2025 guidance at 6.350-6.550 EPS. On average, equities analysts predict that ITT Inc. will post 6.51 earnings per share for the current year.
ITT Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Tuesday, September 2nd were issued a $0.351 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. ITT's dividend payout ratio (DPR) is currently 22.01%.
About ITT
(
Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ITT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITT wasn't on the list.
While ITT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
