4,090 Shares in ITT Inc. $ITT Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of ITT Inc. (NYSE:ITT) in the 2nd quarter, HoldingsChannel reports. The firm acquired 4,090 shares of the conglomerate’s stock, valued at approximately $809,000.

Several other hedge funds have also recently modified their holdings of ITT. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in ITT during the 2nd quarter worth $28,000. Elyxium Wealth LLC acquired a new stake in ITT in the fourth quarter valued at about $29,000. Bayban purchased a new stake in ITT in the 4th quarter valued at approximately $31,000. Trust Co. of Vermont purchased a new position in shares of ITT during the 2nd quarter worth approximately $33,000. Finally, Parkside Financial Bank & Trust raised its position in ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 76 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ITT shares. Weiss Ratings cut shares of ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Robert W. Baird set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. Barclays boosted their price target on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective for the company in a research note on Thursday, July 9th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $273.00 target price on shares of ITT in a research report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, ITT currently has an average rating of “Moderate Buy” and an average target price of $241.08.

Insider Activity at ITT

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the sale, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at approximately $1,535,891.86. This trade represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.88% of the stock is currently owned by corporate insiders.

ITT Stock Up 2.2%

Shares of NYSE:ITT opened at $210.50 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. ITT Inc. has a 52-week low of $166.96 and a 52-week high of $230.32. The stock’s fifty day simple moving average is $199.83 and its 200-day simple moving average is $199.68. The company has a market capitalization of $18.82 billion, a P/E ratio of 41.27, a P/E/G ratio of 1.68 and a beta of 1.27.

ITT (NYSE:ITT) last announced its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating 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 net margin of 8.90% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 51.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, equities research analysts forecast that ITT Inc. will post 8.25 earnings per share for the current fiscal 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 paid 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 (DPR) is presently 30.20%.

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.