First Trust Advisors LP Has $112.25 Million Holdings in ITT Inc. $ITT

First Trust Advisors LP lessened its position in shares of ITT Inc. (NYSE:ITT) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 627,926 shares of the conglomerate’s stock after selling 22,354 shares during the period. First Trust Advisors LP owned about 0.81% of ITT worth $112,248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Gravity Companies Inc. bought a new stake in ITT in the 2nd quarter valued at approximately $27,000. True Wealth Design LLC grew its stake in shares of ITT by 219.2% during the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 114 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of ITT in the second quarter valued at approximately $34,000. Quent Capital LLC acquired a new stake in shares of ITT in the third quarter valued at approximately $37,000. Finally, MTM Investment Management LLC bought a new stake in shares of ITT in the second quarter worth $39,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insiders Place Their Bets

In related 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 sale, the chief executive officer owned 262,354 shares in the company, valued at approximately $50,028,284.26. This 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. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ITT shares. Stifel Nicolaus increased their price objective on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. KeyCorp lifted their target price on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. DA Davidson set a $245.00 price target on ITT in a research report on Monday, February 9th. Finally, Citigroup raised their price target on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, ITT has an average rating of “Buy” and an average price target of $216.11.

ITT Trading Down 2.9%

Shares of NYSE:ITT opened at $185.21 on Monday. 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 company has a market capitalization of $15.93 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. The company has a 50-day simple moving average of $190.09 and a 200 day simple moving average of $182.21.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.06. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $1.50 earnings per share. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Sell-side analysts forecast that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

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

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.