Deutsche Bank AG Takes Position in ITT Inc. $ITT

Deutsche Bank AG purchased a new position in ITT Inc. (NYSE:ITT) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,176 shares of the conglomerate’s stock, valued at approximately $3,001,000.

Other hedge funds have also made changes to their positions in the company. Capital International Investors grew its holdings in ITT by 3.0% during the fourth quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock valued at $1,526,421,000 after purchasing an additional 258,936 shares during the last quarter. Vanguard Group Inc. lifted its position in ITT by 7.9% during the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock worth $1,467,976,000 after acquiring an additional 620,217 shares during the last quarter. State Street Corp grew its position in shares of ITT by 7.4% in the fourth quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock valued at $441,880,000 after purchasing an additional 175,367 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of ITT by 15.6% in the fourth quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock worth $280,267,000 after purchasing an additional 217,360 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in ITT by 55,929.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after purchasing an additional 1,515,695 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Stock Up 2.2%

Shares of NYSE ITT opened at $210.50 on Thursday. ITT Inc. has a 12-month low of $166.96 and a 12-month high of $230.32. The firm’s 50-day simple moving average is $199.83 and its 200 day simple moving average is $199.68. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 41.27, a price-to-earnings-growth ratio of 1.68 and a beta of 1.27.

ITT (NYSE:ITT) last announced its earnings results 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. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. ITT’s quarterly revenue was up 51.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, research analysts expect that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be paid 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 dividend yield of 0.7%. ITT’s dividend payout ratio is 30.20%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ITT shares. DA Davidson raised their price objective on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Stifel Nicolaus upped their price target on ITT from $246.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 20th. Citigroup boosted their price objective on ITT from $254.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Robert W. Baird set a $246.00 price target on shares of ITT in a research note on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.08.

Insider Buying and Selling

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the completion of the sale, the chief accounting officer owned 7,159 shares in the company, valued at $1,535,891.86. This represents a 8.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.