UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $52.16 Million Stock Holdings in ITT Inc. $ITT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of ITT Inc. (NYSE:ITT) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,749 shares of the conglomerate’s stock after buying an additional 6,333 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of ITT worth $52,159,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, CEO Luca Savi acquired 5,019 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average cost of $199.56 per share, for a total transaction of $1,001,591.64. Following the purchase, the chief executive officer owned 267,373 shares of the company’s stock, valued at approximately $53,356,955.88. The trade was a 1.91% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 700 shares of the business’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 transaction of $150,178.00. Following the completion of the sale, the chief accounting officer directly owned 7,159 shares in the company, valued at approximately $1,535,891.86. This trade represents a 8.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Robert W. Baird set a $246.00 price target on shares of ITT in a report on Thursday, May 7th. Weiss Ratings cut ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. BMO Capital Markets reiterated an “outperform” rating and set a $273.00 price objective on shares of ITT in a research report on Friday, August 7th. KeyCorp lifted their target price on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Citigroup lifted their price target on shares of ITT from $254.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, ITT currently has an average rating of “Moderate Buy” and an average price target of $244.82.

ITT Stock Performance

NYSE ITT opened at $201.51 on Thursday. 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 firm has a market cap of $18.02 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 1.59 and a beta of 1.27. ITT Inc. has a 1 year low of $166.96 and a 1 year high of $230.32. The company has a fifty day moving average price of $200.33 and a 200-day moving average price of $199.66.

ITT (NYSE:ITT) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The company’s quarterly revenue was up 51.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, equities research analysts predict that ITT Inc. will post 8.25 EPS for the current fiscal year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is 30.20%.

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.