Empowered Funds LLC Invests $2.24 Million in ITT Inc. $ITT

Empowered Funds LLC bought a new position in shares of ITT Inc. (NYSE:ITT) during the 2nd quarter, HoldingsChannel reports. The firm bought 11,332 shares of the conglomerate’s stock, valued at approximately $2,241,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ITT. Andina Capital Management LLC grew its stake in shares of ITT by 1.6% during the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after acquiring an additional 49 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of ITT by 2.8% during the first quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock valued at $370,000 after acquiring an additional 52 shares in the last quarter. Whittier Trust Co. raised its position in shares of ITT by 5.1% in the 1st quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock valued at $207,000 after purchasing an additional 52 shares during the last quarter. Toronto Dominion Bank boosted its stake in ITT by 2.2% in the 4th quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after purchasing an additional 53 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in ITT by 3.8% in the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock worth $287,000 after purchasing an additional 60 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Stock Performance

ITT opened at $201.51 on Thursday. ITT Inc. has a 12-month low of $166.96 and a 12-month high of $230.32. 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 firm has a market capitalization of $18.02 billion, a PE ratio of 39.51, a P/E/G ratio of 1.59 and a beta of 1.27. The firm has a 50 day moving average of $200.33 and a two-hundred day moving average of $199.66.

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

ITT Dividend Announcement

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

Insider Activity

In related news, CEO Luca Savi acquired 5,019 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was acquired at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the acquisition, the chief executive officer directly owned 267,373 shares in the company, valued at $53,356,955.88. This represents a 1.91% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 700 shares of the company’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 completion of the sale, the chief accounting officer owned 7,159 shares in the company, valued at $1,535,891.86. The trade was a 8.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on ITT shares. Robert W. Baird set a $246.00 price target on shares of ITT in a research note on Thursday, May 7th. DA Davidson lifted 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. Weiss Ratings downgraded ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. KeyCorp raised their target price on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target for the company in a research report on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $244.82.

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.