2,893 Shares of ITT Inc. $ITT Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of ITT Inc. (NYSE:ITT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,893 shares of the conglomerate’s stock, valued at approximately $584,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in ITT during the second quarter worth about $1,715,593,000. Findlay Park Partners LLP bought a new position in ITT in the second quarter worth about $276,395,000. Bank of America Corp DE bought a new position in ITT in the second quarter worth about $173,436,000. Wellington Management Group LLP boosted its stake in ITT by 16.5% in the second quarter. Wellington Management Group LLP now owns 825,147 shares of the conglomerate’s stock valued at $163,181,000 after acquiring an additional 117,155 shares during the period. Finally, Jupiter Topco LLC acquired a new position in ITT in the second quarter valued at approximately $127,872,000. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling at ITT

In other ITT news, CEO Luca Savi purchased 5,019 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were bought at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the completion of the acquisition, the chief executive officer owned 267,373 shares in the company, valued at approximately $53,356,955.88. This represents a 1.91% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ITT shares. Citigroup lowered their target price on ITT from $267.00 to $251.00 and set a “buy” rating for the company in a report on Friday. BMO Capital Markets reiterated an “outperform” rating and set a $273.00 price target on shares of ITT in a research report on Friday, August 7th. KeyCorp raised their price target on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Wolfe Research initiated coverage on ITT in a research report on Tuesday, September 15th. They set an “outperform” rating and a $272.00 price objective for the company. Finally, Weiss Ratings downgraded ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.44.

Trending Headlines about ITT

Here are the key news stories impacting ITT this week:

• Positive Sentiment: ITT reported third-quarter adjusted earnings of $2.26 per share and revenue of about $1.44 billion, topping analyst expectations. The company also raised its full-year EPS outlook; management indicated a 2026 adjusted EPS midpoint of $8.58 and is targeting year-end leverage of roughly 2.1x. ITT Lifts Guidance As 3Q Revenue Grows ITT 2026 EPS and leverage outlook
• Positive Sentiment: Recent valuation coverage says ITT may be below fair value based on cash flow, reinforcing the view that the stock could have room to appreciate. ITT Stock Looks Below Fair Value on Cash Flow
• Neutral Sentiment: Citigroup lowered its price target from $267 to $251 but kept a Buy rating. The reduced target is a cautionary signal, though it still implies substantial upside from the cited share price. Citigroup rating and price target
• Neutral Sentiment: ITT announced it will participate in Baird’s Global Industrial Conference on November 10; the event may provide investors with further updates but is not itself a financial-results catalyst. ITT conference announcement

ITT Stock Down 0.1%

ITT stock opened at $205.38 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.29. ITT Inc. has a one year low of $166.96 and a one year high of $230.32. The company has a 50-day simple moving average of $201.14 and a 200-day simple moving average of $199.34. The firm has a market capitalization of $18.36 billion, a P/E ratio of 42.26, a P/E/G ratio of 1.45 and a beta of 1.25.

ITT (NYSE:ITT) last issued its quarterly earnings data on Wednesday, November 4th. The conglomerate reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.18. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. ITT had a net margin of 8.07% and a return on equity of 15.47%. ITT’s quarterly revenue was up 44.2% compared to the same quarter last year. During the same period last year, the firm posted $1.78 EPS. As a group, equities analysts expect that ITT Inc. will post 8.61 earnings per share for the current year.

ITT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 4th will be paid a $0.3860 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is presently 31.69%.

ITT Company Profile

ITT Inc is a global manufacturer of engineered components and technology serving industrial, transportation, aerospace and defense, and energy markets. Its products include pumps and valves, brake pads and shock absorbers, and specialized connectors and control components.

The company operates through three main businesses: Motion Technologies, Industrial Process, and Connect & Control Technologies. These businesses provide products and services used in applications ranging from automotive braking systems and industrial fluid handling to aerospace equipment and energy infrastructure.

ITT traces its history to International Telephone & Telegraph, founded in 1920.