Fort Washington Investment Advisors Inc. OH Has $22.15 Million Position in ITT Inc. $ITT

Fort Washington Investment Advisors Inc. OH lessened its stake in shares of ITT Inc. (NYSE:ITT) by 14.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,631 shares of the conglomerate’s stock after selling 22,430 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.15% of ITT worth $22,145,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC grew its holdings in shares of ITT by 19.3% during the 4th quarter. DAVENPORT & Co LLC now owns 1,678 shares of the conglomerate’s stock worth $291,000 after purchasing an additional 271 shares in the last quarter. SG Americas Securities LLC raised its stake in ITT by 78.5% in the fourth quarter. SG Americas Securities LLC now owns 10,390 shares of the conglomerate’s stock valued at $1,803,000 after purchasing an additional 4,570 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in ITT by 284.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 114,426 shares of the conglomerate’s stock worth $19,854,000 after purchasing an additional 84,651 shares during the period. Marshall Financial Group LLC bought a new stake in ITT during the fourth quarter worth about $1,106,000. Finally, Fulton Bank N.A. grew its stake in ITT by 3.3% during the fourth quarter. Fulton Bank N.A. now owns 3,536 shares of the conglomerate’s stock worth $614,000 after buying an additional 113 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

ITT Stock Down 1.1%

ITT stock opened at $184.89 on Friday. The firm has a 50-day moving average price of $192.73 and a 200-day moving average price of $183.86. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $209.70. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $15.90 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 1.73 and a beta of 1.34.

ITT (NYSE:ITT) last announced its quarterly 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 analyst estimates of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, equities research analysts anticipate that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. This is a boost from ITT’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 6th. ITT’s dividend payout ratio (DPR) is currently 25.20%.

Analyst Ratings Changes

Several research firms have commented on ITT. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. DA Davidson set a $245.00 price target on shares of ITT in a research report on Monday, February 9th. Wall Street Zen raised shares of ITT from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. KeyCorp boosted their price objective on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Stifel Nicolaus upped their target price on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, ITT presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.00.

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.