Savant Capital LLC Purchases 17,260 Shares of ITT Inc. $ITT

Savant Capital LLC increased its position in shares of ITT Inc. (NYSE:ITT) by 200.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,869 shares of the conglomerate’s stock after purchasing an additional 17,260 shares during the quarter. Savant Capital LLC’s holdings in ITT were worth $4,057,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ITT. Greenleaf Trust boosted its stake in shares of ITT by 10.6% in the 1st quarter. Greenleaf Trust now owns 2,724 shares of the conglomerate’s stock worth $352,000 after buying an additional 260 shares during the last quarter. Cerity Partners LLC lifted its holdings in ITT by 9.4% during the first quarter. Cerity Partners LLC now owns 60,143 shares of the conglomerate’s stock worth $7,768,000 after acquiring an additional 5,170 shares during the period. State of Michigan Retirement System boosted its position in ITT by 1.0% in the first quarter. State of Michigan Retirement System now owns 19,529 shares of the conglomerate’s stock worth $2,522,000 after purchasing an additional 200 shares during the last quarter. Xponance Inc. grew its stake in ITT by 1.6% in the 1st quarter. Xponance Inc. now owns 9,442 shares of the conglomerate’s stock valued at $1,220,000 after purchasing an additional 146 shares during the period. Finally, Ballentine Partners LLC increased its position in shares of ITT by 9.8% during the 1st quarter. Ballentine Partners LLC now owns 1,630 shares of the conglomerate’s stock valued at $211,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ITT shares. TD Cowen boosted their price target on shares of ITT from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Bank of America boosted their target price on shares of ITT from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Citigroup increased their target price on shares of ITT from $207.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a report on Wednesday, October 8th. Finally, DA Davidson set a $190.00 price objective on ITT and gave the company a “buy” rating in a report on Monday, August 4th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $201.25.

Insider Activity

In other news, CAO Mesa Graziano Cheryl De sold 238 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $183.08, for a total value of $43,573.04. Following the sale, the chief accounting officer directly owned 5,062 shares of the company’s stock, valued at approximately $926,750.96. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Emmanuel Caprais sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $185.23, for a total transaction of $1,018,765.00. Following the transaction, the chief financial officer directly owned 36,830 shares of the company’s stock, valued at approximately $6,822,020.90. This represents a 12.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.47% of the company’s stock.

ITT Stock Up 1.5%

ITT stock opened at $188.34 on Monday. The firm has a 50 day simple moving average of $177.72 and a 200 day simple moving average of $163.53. The company has a current ratio of 1.52, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $197.07. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 2.42 and a beta of 1.40.

ITT (NYSE:ITT) last posted its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.11. The firm had revenue of $999.10 million during the quarter, compared to analyst estimates of $973.69 million. ITT had a return on equity of 18.96% and a net margin of 12.67%.The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. On average, analysts predict that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be issued a dividend of $0.351 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, December 1st. ITT’s payout ratio is presently 23.26%.

About ITT

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.