Fri Sep 20 12:38:59 UTC 2024: ## Edgestream Partners Cuts ITT Inc. Stake Amid Mixed Investor Sentiment

**New York, NY – September 20, 2024** – Edgestream Partners L.P. significantly reduced its holdings in ITT Inc. (NYSE:ITT) during the second quarter, according to a recent SEC filing. The firm sold 20,919 shares, decreasing its stake by 61.8% and leaving it with 12,924 shares worth approximately $1,670,000.

While Edgestream Partners trimmed its position, other investors have displayed varying degrees of confidence in ITT. Lynx Investment Advisory and Headlands Technologies LLC both initiated new positions in the second quarter, while Rise Advisors LLC significantly increased its stake. Massmutual Trust Co. FSB ADV also raised its stake, although on a smaller scale. Overall, hedge funds and institutional investors own 91.59% of ITT’s stock.

Analysts have largely maintained a positive outlook on ITT, with Stifel Nicolaus, KeyCorp, and TD Cowen all raising their price targets and issuing “buy” or “overweight” ratings in recent months. MarketBeat’s consensus rating for ITT is currently “Buy,” with an average price target of $151.00.

ITT reported strong second-quarter earnings, exceeding analysts’ estimates and demonstrating revenue growth. The company also declared a quarterly dividend of $0.319 per share, payable on September 30th.

ITT manufactures and sells engineered critical components and technology solutions for the transportation, industrial, and energy markets globally. The company’s performance and investor activity suggest a continued interest in the conglomerate’s future.

**This article was compiled using information from MarketBeat News and other publicly available sources.**

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