Leeward Investments LLC MA Sells 2,473 Shares of ITT Inc. $ITT

Leeward Investments LLC MA lessened its position in shares of ITT Inc. (NYSE:ITT) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,103 shares of the conglomerate’s stock after selling 2,473 shares during the quarter. ITT comprises 1.0% of Leeward Investments LLC MA’s portfolio, making the stock its 25th biggest holding. Leeward Investments LLC MA owned approximately 0.14% of ITT worth $19,682,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ITT. Invesco Ltd. grew its holdings in shares of ITT by 14.2% in the second quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate’s stock valued at $171,690,000 after purchasing an additional 135,768 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in ITT by 5.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 960,394 shares of the conglomerate’s stock valued at $150,619,000 after purchasing an additional 45,826 shares during the last quarter. Norges Bank purchased a new position in shares of ITT in the 2nd quarter worth $140,815,000. Ameriprise Financial Inc. grew its stake 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 buying an additional 7,562 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of ITT by 6.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 744,188 shares of the conglomerate’s stock worth $133,031,000 after buying an additional 43,336 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Trading Up 2.2%

ITT opened at $203.55 on Friday. 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 stock’s 50 day moving average price is $182.16 and its 200-day moving average price is $178.45. ITT Inc. has a one year low of $105.64 and a one year high of $207.98. The stock has a market cap of $17.51 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 1.89 and a beta of 1.37.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.06. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.ITT’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 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, equities analysts forecast that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The business 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 $0.386 dividend. The ex-dividend date is Friday, March 6th. This is a boost from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is currently 25.20%.

Wall Street Analysts Forecast Growth

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

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.