ITT Inc. $ITT Stock Position Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in ITT Inc. (NYSE:ITT) by 284.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,426 shares of the conglomerate’s stock after buying an additional 84,651 shares during the quarter. Assenagon Asset Management S.A. owned about 0.13% of ITT worth $19,854,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ITT. True Wealth Design LLC lifted its holdings in ITT by 219.2% in the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 114 shares during the last quarter. Quent Capital LLC acquired a new position in shares of ITT in the 3rd quarter worth approximately $37,000. Triumph Capital Management bought a new stake in shares of ITT in the 3rd quarter worth approximately $37,000. Measured Wealth Private Client Group LLC acquired a new stake in ITT during the third quarter valued at approximately $43,000. Finally, Bayforest Capital Ltd acquired a new stake in ITT during the third quarter valued at approximately $46,000. 91.59% of the stock is currently owned by institutional investors.

ITT Trading Down 3.4%

ITT stock opened at $187.04 on Friday. The company has a 50 day moving average price of $192.70 and a 200 day moving average price of $183.77. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $209.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 1.79 and a beta of 1.34.

ITT (NYSE:ITT) last announced its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. The company’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Research analysts forecast that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be given a dividend of $0.386 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s payout ratio is presently 25.20%.

Analysts Set New Price Targets

Several research analysts have issued reports on ITT shares. DA Davidson set a $245.00 price target on shares of ITT in a research report on Monday, February 9th. Citigroup raised their price objective on ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. KeyCorp boosted their target price on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Finally, Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $216.50.

Insider Transactions at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the sale, the chief executive officer directly owned 262,354 shares in the company, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

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.