Cresset Asset Management LLC Cuts Stock Position in ITT Inc. $ITT

Cresset Asset Management LLC decreased its holdings in shares of ITT Inc. (NYSE:ITT) by 28.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,974 shares of the conglomerate’s stock after selling 4,042 shares during the quarter. Cresset Asset Management LLC’s holdings in ITT were worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ITT. Amundi raised its position in ITT by 22,565.6% in the first quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after purchasing an additional 7,221 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of ITT by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after buying an additional 28,937 shares during the period. Empowered Funds LLC purchased a new stake in shares of ITT in the first quarter worth about $360,000. Focus Partners Wealth grew its stake in shares of ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after buying an additional 3,515 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of ITT by 31.7% during the 2nd quarter. Assetmark Inc. now owns 503 shares of the conglomerate’s stock valued at $79,000 after buying an additional 121 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ITT. Robert W. Baird set a $222.00 price target on ITT in a report on Friday, February 6th. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. DA Davidson set a $245.00 target price on shares of ITT in a research note on Monday, February 9th. Finally, Citigroup raised their price target on shares of ITT from $225.00 to $243.00 and gave the company a “buy” rating in a report on Monday, February 9th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $216.11.

ITT Price Performance

ITT opened at $185.21 on Monday. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $190.09 and its 200 day moving average price is $182.21. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $209.70. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34.

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

ITT Increases Dividend

The company 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 positive change from ITT’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 6th. ITT’s dividend payout ratio is presently 25.20%.

Insider Activity at ITT

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