TD Asset Management Inc Cuts Holdings in ITT Inc. $ITT

TD Asset Management Inc trimmed its position in ITT Inc. (NYSE:ITT) by 9.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 130,800 shares of the conglomerate’s stock after selling 14,098 shares during the period. TD Asset Management Inc’s holdings in ITT were worth $22,695,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. iSAM Funds UK Ltd purchased a new position in shares of ITT in the 3rd quarter worth approximately $2,113,000. Chesapeake Capital Corp IL bought a new stake in ITT during the third quarter worth $1,125,000. Brown Brothers Harriman & Co. lifted its holdings in ITT by 86,878.2% during 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 period. Regents Gate Capital LLP purchased a new position in ITT in the third quarter worth $9,381,000. Finally, TimesSquare Capital Management LLC grew its stake in ITT by 10.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 226,700 shares of the conglomerate’s stock valued at $39,335,000 after purchasing an additional 21,200 shares during the period. Institutional investors own 91.59% of the company’s stock.

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 shares were sold at an average price of $208.41, for a total transaction of $41,682.00. Following the sale, the chief accounting officer owned 7,859 shares of the company’s stock, valued at $1,637,894.19. The trade was a 2.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lori B. Marino sold 7,123 shares of the firm’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 completion of the transaction, the insider directly owned 8,729 shares of the company’s stock, valued at $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ITT. KeyCorp lifted their target price on ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. BMO Capital Markets began coverage on shares of ITT in a research report on Friday, March 27th. They issued an “outperform” rating and a $233.00 price objective on the stock. Weiss Ratings cut shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Robert W. Baird set a $246.00 target price on shares of ITT in a research report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $234.91.

ITT Trading Up 0.1%

Shares of ITT opened at $191.61 on Monday. ITT Inc. has a fifty-two week low of $149.02 and a fifty-two week high of $225.26. The business has a 50-day moving average of $203.28 and a 200 day moving average of $192.12. The firm has a market cap of $17.13 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. 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 (NYSE:ITT) last issued its earnings results 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 firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The company’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the business earned $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, research analysts forecast that ITT Inc. will post 7.9 EPS for the current year.

ITT Dividend Announcement

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

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.