AEGON ASSET MANAGEMENT UK Plc Cuts Stock Holdings in ITT Inc. $ITT

AEGON ASSET MANAGEMENT UK Plc lowered its stake in ITT Inc. (NYSE:ITT) by 20.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,618 shares of the conglomerate’s stock after selling 28,993 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.14% of ITT worth $19,794,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covestor Ltd boosted its stake in shares of ITT by 15.3% during the third quarter. Covestor Ltd now owns 512 shares of the conglomerate’s stock valued at $92,000 after purchasing an additional 68 shares during the period. Merit Financial Group LLC boosted its holdings in shares of ITT by 1.5% during the third quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock worth $845,000 after purchasing an additional 69 shares during the period. Unique Wealth LLC grew its stake in shares of ITT by 1.9% in the third quarter. Unique Wealth LLC now owns 4,107 shares of the conglomerate’s stock worth $734,000 after purchasing an additional 75 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in ITT by 2.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,427 shares of the conglomerate’s stock valued at $537,000 after purchasing an additional 97 shares during the period. Finally, Mutual Advisors LLC raised its position in ITT by 3.5% during the 2nd quarter. Mutual Advisors LLC now owns 2,923 shares of the conglomerate’s stock valued at $472,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

ITT has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Thursday. Citigroup boosted their price objective on shares of ITT from $207.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research report on Monday, January 19th. TD Cowen reaffirmed a “buy” rating on shares of ITT in a research note on Thursday, October 2nd. Finally, Stifel Nicolaus decreased their price target on shares of ITT from $225.00 to $218.00 and set a “buy” rating for the company in a research note on Friday. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $206.25.

ITT Price Performance

Shares of ITT opened at $183.08 on Monday. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $197.07. The firm’s 50-day simple moving average is $179.02 and its two-hundred day simple moving average is $175.06. The stock has a market cap of $15.75 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 1.65 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.

ITT (NYSE:ITT) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.11. The firm had revenue of $999.10 million for the quarter, compared to analysts’ expectations of $973.69 million. ITT had a return on equity of 18.96% and a net margin of 12.67%.The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 EPS. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. Analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st were issued a dividend of $0.351 per share. The ex-dividend date was Monday, December 1st. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is presently 23.26%.

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.