Boston Trust Walden Corp Buys Shares of 1,400 ITT Inc. $ITT

Boston Trust Walden Corp acquired a new stake in shares of ITT Inc. (NYSE:ITT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,400 shares of the conglomerate’s stock, valued at approximately $220,000.

A number of other large investors have also made changes to their positions in ITT. Farther Finance Advisors LLC boosted its stake in shares of ITT by 72.7% during the first quarter. Farther Finance Advisors LLC now owns 786 shares of the conglomerate’s stock valued at $103,000 after acquiring an additional 331 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of ITT by 8.3% during the first quarter. GAMMA Investing LLC now owns 1,660 shares of the conglomerate’s stock valued at $214,000 after acquiring an additional 127 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of ITT by 544.7% during the first quarter. SG Americas Securities LLC now owns 4,597 shares of the conglomerate’s stock valued at $594,000 after acquiring an additional 3,884 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of ITT by 16.1% during the first quarter. Fifth Third Bancorp now owns 2,460 shares of the conglomerate’s stock valued at $318,000 after acquiring an additional 341 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of ITT by 12.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,147 shares of the conglomerate’s stock valued at $1,311,000 after acquiring an additional 1,098 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on ITT shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research note on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating on shares of ITT in a research note on Thursday, October 9th. Cowen reiterated a “buy” rating on shares of ITT in a research report on Thursday, October 2nd. KeyCorp increased their target price on ITT from $192.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Finally, UBS Group increased their target price on ITT from $168.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, ITT currently has an average rating of “Moderate Buy” and a consensus target price of $190.89.

ITT Stock Performance

NYSE ITT opened at $172.87 on Thursday. The business’s 50-day moving average price is $173.61 and its 200 day moving average price is $156.13. The company has a market capitalization of $13.48 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. ITT Inc. has a twelve month low of $105.64 and a twelve month high of $185.57.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, July 31st. The conglomerate reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.02. The company had revenue of $972.40 million for the quarter, compared to the consensus estimate of $947.48 million. ITT had a return on equity of 18.08% and a net margin of 13.99%.The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $1.49 EPS. ITT has set its FY 2025 guidance at 6.350-6.550 EPS. On average, research analysts predict that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 2nd were issued a $0.351 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, September 2nd. ITT’s dividend payout ratio (DPR) is 22.01%.

Insider Activity at ITT

In other news, CEO Luca Savi sold 36,385 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $164.76, for a total value of $5,994,792.60. Following the transaction, the chief executive officer directly owned 297,536 shares in the company, valued at $49,022,031.36. This trade represents a 10.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.

ITT Profile

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.