Ceredex Value Advisors LLC Invests $47.29 Million in ITT Inc. $ITT

Ceredex Value Advisors LLC acquired a new stake in ITT Inc. (NYSE:ITT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 239,143 shares of the conglomerate’s stock, valued at approximately $47,293,000. ITT makes up 1.3% of Ceredex Value Advisors LLC’s portfolio, making the stock its 7th biggest holding. Ceredex Value Advisors LLC owned 0.27% of ITT at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in ITT in the second quarter valued at $1,715,593,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of ITT by 55,929.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after buying an additional 1,515,695 shares during the period. Norges Bank acquired a new stake in shares of ITT in the 4th quarter valued at about $194,884,000. Vanguard Group Inc. increased its position in 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 buying an additional 620,217 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in ITT during the 2nd quarter worth approximately $119,853,000. 91.59% of the stock is owned by institutional investors.

ITT Price Performance

ITT stock opened at $208.58 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. The business has a 50-day simple moving average of $198.63 and a two-hundred day simple moving average of $199.18. The company has a market capitalization of $18.65 billion, a P/E ratio of 40.90, a price-to-earnings-growth ratio of 1.75 and a beta of 1.27. ITT Inc. has a 52-week low of $164.00 and a 52-week high of $230.32.

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

ITT Dividend Announcement

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

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a $273.00 price objective on shares of ITT in a research note on Friday, August 7th. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson increased their target price on ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Wolfe Research raised shares of 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. Finally, Barclays boosted their price target on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, ITT has an average rating of “Moderate Buy” and a consensus price target of $241.08.

About ITT

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.