Expressive Wealth LLC Takes Position in ITT Inc. $ITT

Expressive Wealth LLC purchased a new position in ITT Inc. (NYSE:ITT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,682 shares of the conglomerate’s stock, valued at approximately $530,000.

A number of other institutional investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in ITT in the second quarter valued at about $1,715,593,000. Northwestern Mutual Wealth Management Co. grew its position 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 buying an additional 1,515,695 shares during the period. Norges Bank acquired a new position in shares of ITT during the 4th quarter worth about $194,884,000. Vanguard Group Inc. increased its stake in shares of ITT by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after acquiring an additional 620,217 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of ITT in the 2nd quarter valued at approximately $119,853,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on ITT. Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective on the stock in a research note on Thursday, July 9th. Robert W. Baird set a $246.00 target price on shares of ITT in a research note on Thursday, May 7th. Stifel Nicolaus increased their target price on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ITT in a report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $241.08.

ITT Trading Up 0.0%

NYSE:ITT opened at $208.23 on Friday. 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’s 50-day simple moving average is $199.02 and its 200-day simple moving average is $199.24. ITT Inc. has a fifty-two week low of $165.82 and a fifty-two week high of $230.32. The stock has a market capitalization of $18.62 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 1.70 and a beta of 1.27.

ITT (NYSE:ITT) last posted its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. The business 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%.ITT’s revenue for the quarter was up 51.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Sell-side analysts expect that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.386 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. ITT’s dividend payout ratio is currently 30.20%.

Insider Activity

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer directly owned 7,159 shares in the company, valued at $1,535,891.86. This trade represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.88% of the stock is owned by corporate insiders.

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.