Wealth Enhancement Advisory Services LLC Has $4.12 Million Position in ITT Inc. $ITT

Wealth Enhancement Advisory Services LLC raised its position in ITT Inc. (NYSE:ITT) by 19.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,909 shares of the conglomerate’s stock after purchasing an additional 3,774 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in ITT were worth $4,124,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ITT. True Wealth Design LLC raised its holdings in ITT by 219.2% in the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after buying an additional 114 shares during the last quarter. Quent Capital LLC bought a new stake in ITT during the 3rd quarter worth approximately $37,000. Triumph Capital Management bought a new stake in ITT during the 3rd quarter worth approximately $37,000. Measured Wealth Private Client Group LLC acquired a new position in ITT in the 3rd quarter valued at approximately $43,000. Finally, Bayforest Capital Ltd acquired a new position in ITT in the 3rd quarter valued at approximately $46,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ITT shares. DA Davidson set a $245.00 price target on shares of ITT in a report on Monday, February 9th. Barclays started coverage on ITT in a report on Monday, March 9th. They issued an “equal weight” rating and a $220.00 price objective for the company. BMO Capital Markets began coverage on ITT in a report on Friday. They set an “outperform” rating and a $233.00 target price on the stock. Citigroup upped their price target on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, ITT currently has an average rating of “Moderate Buy” and a consensus price target of $218.00.

Insider Activity at ITT

In related news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the sale, the chief executive officer owned 262,354 shares of the company’s stock, valued at $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.

ITT Trading Down 1.9%

ITT opened at $181.14 on Tuesday. ITT Inc. has a twelve month low of $105.64 and a twelve month high of $209.70. The company has a fifty day moving average of $192.68 and a 200-day moving average of $184.03. The stock has a market cap of $15.58 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. 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 (NYSE:ITT) last released its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.06. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. ITT’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 earnings per share. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, sell-side analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be paid a $0.386 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio (DPR) is presently 25.20%.

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.