United Capital Financial Advisors LLC Buys New Position in ITT Inc. $ITT

United Capital Financial Advisors LLC bought a new stake in ITT Inc. (NYSE:ITT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,556 shares of the conglomerate’s stock, valued at approximately $505,000.

Several other hedge funds also recently modified their holdings of ITT. BlackRock Inc. purchased a new stake in ITT in the 2nd quarter worth approximately $1,715,593,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 worth $263,458,000 after purchasing an additional 1,515,695 shares during the period. Findlay Park Partners LLP acquired a new stake in shares of ITT during the second quarter worth $276,395,000. Norges Bank acquired a new stake in shares of ITT during the fourth quarter worth $194,884,000. Finally, Bank of America Corp DE purchased a new stake in shares of ITT in the second quarter valued at $173,436,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the transaction, the chief accounting officer directly owned 7,159 shares of the company’s stock, 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 filing with the SEC, which is accessible through this hyperlink. Insiders own 0.88% of the company’s stock.

ITT Trading Down 1.3%

Shares of ITT opened at $200.33 on Tuesday. ITT Inc. has a twelve month low of $166.96 and a twelve month high of $230.32. The firm has a market capitalization of $17.91 billion, a P/E ratio of 39.28, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $200.20 and its 200 day simple moving average is $199.70.

ITT (NYSE:ITT) last posted its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm’s quarterly revenue was up 51.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, equities research analysts forecast that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be issued a $0.386 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is presently 30.20%.

Analysts Set New Price Targets

Several research firms recently weighed in on ITT. KeyCorp increased their target price on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Robert W. Baird set a $246.00 price target on ITT in a report on Thursday, May 7th. DA Davidson upped their price objective on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Citigroup increased their price objective on shares of ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Stifel Nicolaus boosted their target price on shares of ITT from $246.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 20th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.08.

ITT Company Profile

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.