CWA Asset Management Group LLC Makes New Investment in ITT Inc. $ITT

CWA Asset Management Group LLC acquired a new position in ITT Inc. (NYSE:ITT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,240 shares of the conglomerate’s stock, valued at approximately $1,603,000.

Several other institutional investors have also recently modified their holdings of ITT. Capital International Investors lifted its position in ITT by 0.5% in the 3rd quarter. Capital International Investors now owns 8,538,229 shares of the conglomerate’s stock worth $1,526,281,000 after buying an additional 38,433 shares during the last quarter. Alliancebernstein L.P. grew its position in ITT by 11.2% during the third quarter. Alliancebernstein L.P. now owns 1,188,219 shares of the conglomerate’s stock valued at $212,406,000 after acquiring an additional 119,601 shares during the last quarter. Invesco Ltd. raised its stake in shares of ITT by 3.1% during the third quarter. Invesco Ltd. now owns 1,128,933 shares of the conglomerate’s stock worth $201,808,000 after acquiring an additional 34,183 shares in the last quarter. Norges Bank purchased a new position in shares of ITT during the second quarter worth approximately $140,815,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of ITT by 1.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 786,681 shares of the conglomerate’s stock worth $123,376,000 after acquiring an additional 7,562 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ITT has been the subject of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. Citigroup lifted their target price on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Robert W. Baird set a $222.00 price target on shares of ITT in a research report on Friday, February 6th. Stifel Nicolaus raised their price objective on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, DA Davidson set a $245.00 price objective on ITT in a report on Monday, February 9th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $216.50.

ITT Price Performance

ITT stock opened at $183.22 on Monday. ITT Inc. has a 1 year low of $105.64 and a 1 year high of $209.70. The company has a market cap of $15.76 billion, a P/E ratio of 29.99, a PEG ratio of 1.69 and a beta of 1.34. The firm has a 50-day moving average of $192.05 and a 200 day moving average of $183.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07.

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

ITT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be paid a $0.386 dividend. 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 currently 25.20%.

Insiders Place Their Bets

In other ITT 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 owned 262,354 shares in the company, valued at approximately $50,028,284.26. This represents a 19.47% 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 link. 0.47% of the stock is currently owned by insiders.

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.