3,069 Shares in ITT Inc. $ITT Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of ITT Inc. (NYSE:ITT) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 3,069 shares of the conglomerate’s stock, valued at approximately $549,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. True Wealth Design LLC increased its stake in shares of ITT by 219.2% during the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 114 shares during the period. Financial Gravity Companies Inc. acquired a new stake in ITT in the second quarter worth approximately $27,000. Quent Capital LLC bought a new position in ITT during the 3rd quarter valued at $37,000. Atlantic Union Bankshares Corp acquired a new position in shares of ITT during the 2nd quarter valued at $34,000. Finally, MTM Investment Management LLC bought a new stake in shares of ITT in the 2nd quarter worth $39,000. 91.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. DA Davidson set a $245.00 price target on shares of ITT in a report on Monday, February 9th. KeyCorp raised their price objective on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Citigroup lifted their price objective on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $216.11.

Insiders Place Their Bets

In other ITT news, CEO Luca Savi sold 63,450 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the sale, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at $50,028,284.26. The trade was a 19.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.47% of the company’s stock.

ITT Trading Down 2.9%

Shares of NYSE ITT opened at $185.21 on Monday. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $209.70. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 1.71 and a beta of 1.34. The business has a fifty day simple moving average of $190.09 and a 200-day simple moving average of $182.21.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company earned $1.50 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Sell-side analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be paid a $0.386 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. This is a positive change from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio (DPR) is 25.20%.

ITT Profile

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.