Shell Asset Management Co. Sells 3,240 Shares of ITT Inc. $ITT

Shell Asset Management Co. trimmed its holdings in shares of ITT Inc. (NYSE:ITT) by 56.2% in the third quarter, Holdings Channel.com reports. The firm owned 2,530 shares of the conglomerate’s stock after selling 3,240 shares during the quarter. Shell Asset Management Co.’s holdings in ITT were worth $452,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. lifted its position in ITT by 14.2% in the 2nd quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate’s stock valued at $171,690,000 after acquiring an additional 135,768 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of ITT by 5.0% in the 2nd 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 period. Norges Bank bought a new stake in shares of ITT in the second quarter valued at about $140,815,000. Ameriprise Financial Inc. lifted its holdings in shares of ITT by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 786,681 shares of the conglomerate’s stock valued at $123,376,000 after purchasing an additional 7,562 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of ITT by 6.2% during the third 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 period. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ITT shares. Robert W. Baird set a $222.00 target price on ITT in a research report on Friday, February 6th. DA Davidson set a $245.00 price objective on shares of ITT in a report on Monday, February 9th. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. KeyCorp raised their target price on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Stifel Nicolaus boosted their price target on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, ITT presently has a consensus rating of “Buy” and a consensus target price of $216.11.

ITT Stock Up 0.8%

ITT opened at $204.78 on Wednesday. The stock’s fifty day simple moving average is $183.53 and its 200 day simple moving average is $179.11. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $207.98. The stock has a market cap of $17.61 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

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

ITT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be issued a $0.386 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.54 annualized dividend and a yield of 0.8%. This is an increase from ITT’s previous quarterly dividend of $0.35. ITT’s payout ratio is currently 22.91%.

ITT 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.