Assenagon Asset Management S.A. Has $5.32 Million Stake in ITT Inc. $ITT

Assenagon Asset Management S.A. lifted its position in shares of ITT Inc. (NYSE:ITT) by 32.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,775 shares of the conglomerate’s stock after acquiring an additional 7,292 shares during the period. Assenagon Asset Management S.A.’s holdings in ITT were worth $5,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aaron Wealth Advisors LLC acquired a new stake in shares of ITT during the 3rd quarter valued at $295,000. GAMMA Investing LLC grew its position in shares of ITT by 13.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,166 shares of the conglomerate’s stock valued at $387,000 after buying an additional 265 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of ITT by 30.9% in the second quarter. Corient Private Wealth LLC now owns 7,082 shares of the conglomerate’s stock valued at $1,111,000 after buying an additional 1,672 shares during the period. Caldwell Trust Co bought a new stake in ITT in the second quarter valued at approximately $72,000. Finally, Osaic Holdings Inc. increased its position in shares of ITT by 36.0% during the second quarter. Osaic Holdings Inc. now owns 7,841 shares of the conglomerate’s stock worth $1,225,000 after buying an additional 2,077 shares during the period. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. KeyCorp raised their price objective on shares of ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Stifel Nicolaus set a $225.00 price target on ITT in a research report on Friday, December 5th. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research report on Wednesday, October 8th. DA Davidson reiterated a “buy” rating and set a $215.00 target price on shares of ITT in a research report on Monday, December 8th. Finally, TD Cowen upped their price objective on shares of ITT from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Ten investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ITT presently has a consensus rating of “Buy” and an average target price of $207.13.

ITT Stock Up 1.6%

ITT stock opened at $176.42 on Monday. The company has a market capitalization of $15.18 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.52. The business’s 50 day moving average price is $179.72 and its two-hundred day moving average price is $170.66. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $197.07.

ITT (NYSE:ITT) last announced its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $1.78 EPS for the quarter, beating the consensus estimate of $1.67 by $0.11. ITT had a return on equity of 18.96% and a net margin of 12.67%.The business had revenue of $999.10 million during the quarter, compared to analyst estimates of $973.69 million. During the same quarter last year, the firm posted $1.46 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. As a group, analysts forecast that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be issued a $0.351 dividend. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, December 1st. ITT’s payout ratio is 23.26%.

Trending Headlines about ITT

Here are the key news stories impacting ITT this week:

• Positive Sentiment: Zacks Research raised near‑term and FY2027 EPS estimates for ITT, nudging quarterly forecasts higher (Q1 and Q3 upgrades) and lifting FY2027 to $8.29 — a modest but constructive revision that improves the company’s earnings trajectory assumptions. Zacks research raises EPS estimates for ITT (MarketBeat)
• Positive Sentiment: ITT announced an acquisition agreement with LSF11 Redwood — a strategic deal that could expand product/service capabilities or aftermarket exposure (company presented it as an acquisition agreement). Investors typically view targeted M&A as a growth/scale catalyst if accretive. ITT Announces Acquisition Agreement with LSF11 Redwood
• Neutral Sentiment: Coverage piece comparing Q3 results across gas and liquid handling peers highlights ITT’s recent quarterly performance versus peers — useful context for investors gauging competitive position but not a direct catalyst by itself. Q3 earnings highlights: ITT vs peers (MSN)
• Neutral Sentiment: Industry/market items included in the feed (sale of the Pittsburgh Penguins and an unrelated corporate name change for a small-cap) are unrelated to ITT’s fundamentals and are unlikely to affect ITT’s stock beyond general market noise. Hoffmann Family to purchase controlling interest in Pittsburgh Penguins Right Season Investments Becomes FutureGen Industries Corp.

Insiders Place Their Bets

In other news, CAO Mesa Graziano Cheryl De sold 238 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $183.08, for a total transaction of $43,573.04. Following the completion of the transaction, the chief accounting officer directly owned 5,062 shares in the company, valued at $926,750.96. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emmanuel Caprais sold 5,500 shares of ITT stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $185.23, for a total value of $1,018,765.00. Following the completion of the transaction, the chief financial officer directly owned 36,830 shares of the company’s stock, valued at approximately $6,822,020.90. This represents a 12.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.47% of the company’s stock.

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.