RWA Wealth Partners LLC Acquires New Stake in ITT Inc. $ITT

RWA Wealth Partners LLC bought a new stake in shares of ITT Inc. (NYSE:ITT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,350 shares of the conglomerate’s stock, valued at approximately $3,638,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assetmark Inc. grew its holdings in shares of ITT by 10.9% in the third quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock valued at $100,000 after purchasing an additional 55 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in ITT by 0.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate’s stock worth $4,454,000 after buying an additional 65 shares in the last quarter. Covestor Ltd boosted its position in ITT by 15.3% in the 3rd quarter. Covestor Ltd now owns 512 shares of the conglomerate’s stock valued at $92,000 after buying an additional 68 shares during the period. Merit Financial Group LLC grew its stake in shares of ITT by 1.5% in the third quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock worth $845,000 after acquiring an additional 69 shares in the last quarter. Finally, Unique Wealth LLC increased its position in shares of ITT by 1.9% during the third quarter. Unique Wealth LLC now owns 4,107 shares of the conglomerate’s stock worth $734,000 after acquiring an additional 75 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ITT has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Citigroup lifted their price objective on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. KeyCorp upped their target price on shares of ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Robert W. Baird set a $222.00 target price on shares of ITT in a 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 report on Friday, February 6th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $216.11.

ITT Stock Performance

Shares of ITT opened at $209.00 on Thursday. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. ITT Inc. has a 52-week low of $105.64 and a 52-week high of $209.31. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $187.43 and a 200 day moving average price of $180.71.

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

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.386 per share. 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 dividend yield of 0.7%. ITT’s dividend payout ratio is 22.91%.

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.