ITT Inc. $ITT Stock Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in shares of ITT Inc. (NYSE:ITT) by 36.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 66,551 shares of the conglomerate’s stock after selling 37,757 shares during the period. Leeward Investments LLC MA’s holdings in ITT were worth $13,431,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ITT. Robeco Schweiz AG purchased a new stake in ITT in the third quarter valued at about $31,053,000. Signaturefd LLC boosted its holdings in ITT by 7.5% in the third quarter. Signaturefd LLC now owns 2,376 shares of the conglomerate’s stock worth $480,000 after acquiring an additional 165 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of ITT by 1.2% during the third quarter. Farmers & Merchants Investments Inc. now owns 61,518 shares of the conglomerate’s stock worth $12,416,000 after acquiring an additional 746 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of ITT during the third quarter worth about $128,000. Finally, AMF Tjanstepension AB grew its stake in shares of ITT by 1,027.2% during the third quarter. AMF Tjanstepension AB now owns 505,575 shares of the conglomerate’s stock worth $102,035,000 after acquiring an additional 460,721 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Luca Savi bought 5,019 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Graziano De sold 700 shares of ITT 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 sale, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at $1,535,891.86. This trade represents a 8.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.88% of the company’s stock.

ITT Stock Performance

Shares of ITT stock opened at $189.72 on Monday. The firm has a market capitalization of $16.96 billion, a price-to-earnings ratio of 37.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85. The business has a fifty day moving average of $203.32 and a 200 day moving average of $201.67. ITT Inc. has a 1 year low of $166.96 and a 1 year high of $230.32.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, research analysts expect that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th were paid a $0.3860 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is presently 30.20%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ITT. Stifel Nicolaus set a $256.00 price objective on shares of ITT in a report on Monday, October 19th. KeyCorp lifted their target price on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. DA Davidson lifted their target price 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. Weiss Ratings downgraded shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Wolfe Research started coverage on shares of ITT in a research note on Tuesday, September 15th. They set an “outperform” rating and a $272.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, ITT presently has a consensus rating of “Moderate Buy” and a consensus price target 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.