Stephens Inc. AR Has $286,000 Holdings in ITT Inc. $ITT

Stephens Inc. AR cut its holdings in shares of ITT Inc. (NYSE:ITT) by 7.5% in the second quarter, Holdings Channel reports. The institutional investor owned 1,822 shares of the conglomerate’s stock after selling 148 shares during the quarter. Stephens Inc. AR’s holdings in ITT were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Jump Financial LLC lifted its holdings in shares of ITT by 145.8% during the first quarter. Jump Financial LLC now owns 17,152 shares of the conglomerate’s stock worth $2,215,000 after buying an additional 10,173 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of ITT during the first quarter worth approximately $609,000. XTX Topco Ltd acquired a new position in shares of ITT during the first quarter worth approximately $1,214,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of ITT by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 522,212 shares of the conglomerate’s stock worth $67,449,000 after buying an additional 4,905 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of ITT during the first quarter worth approximately $348,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Stock Up 0.6%

ITT opened at $176.59 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.99. The firm’s fifty day moving average price is $174.52 and its two-hundred day moving average price is $159.18. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $185.57. The company has a market capitalization of $13.77 billion, a P/E ratio of 27.76, a P/E/G ratio of 2.17 and a beta of 1.38.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, July 31st. The conglomerate reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.02. ITT had a return on equity of 18.08% and a net margin of 13.99%.The firm had revenue of $972.40 million during the quarter, compared to analyst estimates of $947.48 million. During the same period in the prior year, the company posted $1.49 earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. ITT has set its FY 2025 guidance at 6.350-6.550 EPS. On average, analysts anticipate that ITT Inc. will post 6.51 EPS for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, September 2nd. ITT’s dividend payout ratio is currently 22.01%.

Insider Transactions at ITT

In other ITT news, CEO Luca Savi sold 36,385 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total transaction of $5,994,792.60. Following the completion of the transaction, the chief executive officer directly owned 297,536 shares in the company, valued at $49,022,031.36. This represents a 10.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ITT shares. Bank of America upped their price target on ITT from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. KeyCorp upped their price target on ITT from $192.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research note on Saturday. TD Cowen lifted their price target on shares of ITT from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Cowen reiterated a “buy” rating on shares of ITT in a research note on Thursday, October 2nd. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, ITT has a consensus rating of “Moderate Buy” and an average price target of $191.00.

ITT Company Profile

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.