Johnson Investment Counsel Inc. Purchases 12,165 Shares of ITT Inc. $ITT

Johnson Investment Counsel Inc. grew its holdings in ITT Inc. (NYSE:ITT) by 448.9% in the third quarter, HoldingsChannel reports. The fund owned 14,875 shares of the conglomerate’s stock after buying an additional 12,165 shares during the period. Johnson Investment Counsel Inc.’s holdings in ITT were worth $2,659,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ITT. True Wealth Design LLC raised its stake in ITT by 219.2% in the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 114 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in shares of ITT during the second quarter worth approximately $27,000. Quent Capital LLC acquired a new stake in shares of ITT in the third quarter valued at approximately $37,000. Atlantic Union Bankshares Corp bought a new stake in shares of ITT in the second quarter valued at approximately $34,000. Finally, MTM Investment Management LLC acquired a new stake in ITT during the second quarter worth approximately $39,000. 91.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ITT shares. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. Robert W. Baird set a $222.00 price target on ITT in a research report on Friday, February 6th. KeyCorp boosted their price target on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Citigroup increased their price objective on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research report on Monday, January 19th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ITT presently has a consensus rating of “Buy” and a consensus target price of $216.11.

ITT Price Performance

Shares of ITT stock opened at $201.90 on Thursday. The business has a fifty day simple moving average of $181.39 and a 200 day simple moving average of $177.90. The company has a market cap of $17.37 billion, a P/E ratio of 33.04, a P/E/G ratio of 1.86 and a beta of 1.37. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. ITT Inc. has a twelve month low of $105.64 and a twelve month high of $207.98.

ITT (NYSE:ITT) last issued its earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, topping the consensus estimate of $1.79 by $0.06. The firm had revenue of $1.05 billion during 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 quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.50 earnings per share. 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 fiscal year.

ITT Increases Dividend

The business also recently disclosed 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. This represents a $1.54 annualized dividend and a yield of 0.8%. 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. ITT’s payout ratio is currently 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.