Universal Beteiligungs und Servicegesellschaft mbH Has $7 Million Holdings in ITT Inc. $ITT

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in ITT Inc. (NYSE:ITT) by 20.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,157 shares of the conglomerate’s stock after purchasing an additional 6,663 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of ITT worth $7,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of ITT by 14.2% in the second quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate’s stock valued at $171,690,000 after buying an additional 135,768 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in ITT by 5.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 960,394 shares of the conglomerate’s stock valued at $150,619,000 after acquiring an additional 45,826 shares in the last quarter. Norges Bank bought a new stake in shares of ITT in the 2nd quarter worth approximately $140,815,000. Ameriprise Financial Inc. grew its holdings in shares of ITT by 1.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 786,681 shares of the conglomerate’s stock worth $123,376,000 after purchasing an additional 7,562 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of ITT by 3.4% during the 2nd quarter. Westfield Capital Management Co. LP now owns 657,250 shares of the conglomerate’s stock worth $103,077,000 after purchasing an additional 21,831 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling at ITT

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

ITT Trading Down 0.6%

Shares of ITT stock opened at $183.08 on Monday. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $197.07. The stock has a market capitalization of $15.75 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 1.65 and a beta of 1.37. The company has a 50-day simple moving average of $179.02 and a 200 day simple moving average of $175.06. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 0.22.

ITT (NYSE:ITT) last issued its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share for the quarter, topping the consensus estimate 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 net margin of 12.67% and a return on equity of 18.96%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. Research analysts expect that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were given a $0.351 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.40 annualized dividend and a yield of 0.8%. ITT’s payout ratio is presently 23.26%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Stifel Nicolaus reduced their target price on ITT from $225.00 to $218.00 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a report on Thursday. DA Davidson reissued a “buy” rating and issued a $215.00 target price on shares of ITT in a research note on Monday, December 8th. TD Cowen reissued a “buy” rating on shares of ITT in a research report on Thursday, October 2nd. Finally, Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a report on Monday, January 19th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $206.25.

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.