Vest Financial LLC Increases Stock Holdings in ITT Inc. $ITT

Vest Financial LLC boosted its position in ITT Inc. (NYSE:ITT) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,827 shares of the conglomerate’s stock after purchasing an additional 2,769 shares during the period. Vest Financial LLC’s holdings in ITT were worth $6,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. Certuity LLC purchased a new stake in shares of ITT in the fourth quarter valued at approximately $224,000. Torren Management LLC purchased a new position in ITT in the fourth quarter worth $76,000. R Squared Ltd acquired a new stake in ITT in the fourth quarter valued at $655,000. M&T Bank Corp boosted its position in shares of ITT by 23.1% during the 4th quarter. M&T Bank Corp now owns 4,413 shares of the conglomerate’s stock worth $766,000 after purchasing an additional 828 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its position in shares of ITT by 11.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 1,890 shares of the conglomerate’s stock worth $328,000 after purchasing an additional 201 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Trading Down 1.3%

ITT stock opened at $214.05 on Wednesday. The stock has a market cap of $19.14 billion, a PE ratio of 35.03, a P/E/G ratio of 2.04 and a beta of 1.32. The stock has a 50-day moving average price of $200.47 and a 200 day moving average price of $188.70. ITT Inc. has a 52 week low of $132.92 and a 52 week high of $224.12. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.06. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. ITT’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 earnings per share. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Equities research analysts predict that ITT Inc. will post 7.9 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 6th were paid a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. This is a positive change from ITT’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 6th. ITT’s payout ratio is presently 25.20%.

Insider Buying and Selling at ITT

In related news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the transaction, the chief executive officer directly owned 262,354 shares in the company, valued at $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ITT. Barclays cut their price target on shares of ITT from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. BMO Capital Markets assumed coverage on shares of ITT in a report on Friday, March 27th. They issued an “outperform” rating and a $233.00 target price for the company. DA Davidson set a $245.00 price target on shares of ITT in a research report on Monday, February 9th. Finally, Stifel Nicolaus upped their price target on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $225.55.

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.