North Dakota State Investment Board Takes Position in ITT Inc. $ITT

North Dakota State Investment Board acquired a new stake in ITT Inc. (NYSE:ITT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,734 shares of the conglomerate’s stock, valued at approximately $474,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of ITT by 55,929.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after acquiring an additional 1,515,695 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of ITT by 7.9% in the fourth 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. Brown Brothers Harriman & Co. boosted its stake in shares of ITT by 86,878.2% in the third quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock worth $47,889,000 after acquiring an additional 267,585 shares during the last quarter. Millennium Management LLC boosted its stake in shares of ITT by 236.8% in the third quarter. Millennium Management LLC now owns 301,670 shares of the conglomerate’s stock worth $53,927,000 after acquiring an additional 212,111 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of ITT by 47.4% in the second quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate’s stock worth $86,993,000 after acquiring an additional 178,539 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the transaction, the chief accounting officer owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lori B. Marino sold 7,123 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the transaction, the insider directly owned 8,729 shares in the company, valued at $1,817,988.83. This trade represents a 44.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 70,773 shares of company stock valued at $13,624,470. Insiders own 0.88% of the company’s stock.

ITT Stock Performance

NYSE ITT opened at $195.15 on Friday. The stock’s fifty day moving average is $202.06 and its two-hundred day moving average is $191.57. The firm has a market capitalization of $17.45 billion, a P/E ratio of 34.42, a price-to-earnings-growth ratio of 1.81 and a beta of 1.32. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. ITT Inc. has a fifty-two week low of $145.41 and a fifty-two week high of $225.26.

ITT (NYSE:ITT) last released its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, research analysts anticipate that ITT Inc. will post 7.91 earnings per share for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.386 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s payout ratio is 27.16%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citigroup lifted their price target on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. The Goldman Sachs Group assumed coverage on ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price target on the stock. Robert W. Baird set a $246.00 price target on ITT in a research note on Thursday, May 7th. Stifel Nicolaus set a $246.00 price target on ITT in a research note on Thursday, May 7th. Finally, KeyCorp lifted their price target on ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $234.91.

ITT 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.