11,556 Shares in ITT Inc. $ITT Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. purchased a new position in ITT Inc. (NYSE:ITT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,556 shares of the conglomerate’s stock, valued at approximately $2,285,000.

A number of other institutional investors have also added to or reduced their stakes in ITT. Andina Capital Management LLC lifted its holdings in shares of ITT by 1.6% in the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after buying an additional 49 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in ITT by 2.8% during the first quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock valued at $370,000 after acquiring an additional 52 shares in the last quarter. Whittier Trust Co. grew its stake in ITT by 5.1% during the first quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock valued at $207,000 after acquiring an additional 52 shares in the last quarter. Toronto Dominion Bank increased its holdings in ITT by 2.2% in the 4th quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock valued at $430,000 after acquiring an additional 53 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in ITT by 3.8% in the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after acquiring an additional 60 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ITT has been the subject of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of ITT in a report on Friday, August 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $273.00 target price on shares of ITT in a report on Friday, August 7th. DA Davidson boosted their target price on ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Citigroup raised their price target on ITT from $254.00 to $267.00 and gave the company a “buy” rating in a report on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $241.08.

Insider Buying and Selling

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the sale, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.88% of the company’s stock.

ITT Price Performance

ITT stock opened at $219.37 on Monday. The company has a market cap of $19.61 billion, a price-to-earnings ratio of 43.01, a PEG ratio of 1.79 and a beta of 1.27. The firm’s fifty day moving average is $196.50 and its 200 day moving average is $198.26. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. ITT Inc. has a 52-week low of $164.00 and a 52-week high of $230.32.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. ITT had a net margin of 8.90% and a return on equity of 15.90%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the company posted $1.64 EPS. The business’s revenue was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Sell-side analysts forecast that ITT Inc. will post 8.25 EPS for the current fiscal year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be given a $0.386 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 annualized dividend and a yield of 0.7%. ITT’s dividend payout ratio (DPR) is currently 30.20%.

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.