TD Asset Management Inc Trims Stake in ITT Inc. $ITT

TD Asset Management Inc cut its stake in shares of ITT Inc. (NYSE:ITT) by 1.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 144,898 shares of the conglomerate’s stock after selling 2,496 shares during the quarter. TD Asset Management Inc’s holdings in ITT were worth $25,902,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. grew its stake in shares of ITT by 14.2% during the 2nd quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate’s stock valued at $171,690,000 after acquiring an additional 135,768 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in ITT by 5.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 960,394 shares of the conglomerate’s stock valued at $150,619,000 after purchasing an additional 45,826 shares in the last quarter. Norges Bank bought a new position in shares of ITT in the second quarter worth approximately $140,815,000. Ameriprise Financial Inc. increased its stake in shares of ITT by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 786,681 shares of the conglomerate’s stock worth $123,376,000 after purchasing an additional 7,562 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of ITT by 6.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 744,188 shares of the conglomerate’s stock valued at $133,031,000 after purchasing an additional 43,336 shares during the period. Institutional investors own 91.59% of the company’s stock.

ITT News Roundup

Here are the key news stories impacting ITT this week:

• Positive Sentiment: Zacks nudged up near-term quarters: Q2 2026 EPS raised to $1.71 (from $1.70) and Q3 2026 EPS raised to $1.75 (from $1.71). These small increases signal modestly better near-term expectations for some segments. MarketBeat ITT
• Positive Sentiment: Zacks published a long-term FY2028 EPS projection of $9.11, indicating an expectation of substantial multi-year earnings growth (contrast to current-year consensus of $6.51). This supports a longer-term growth narrative for investors. MarketBeat ITT
• Neutral Sentiment: Management investor outreach — ITT presented at the 36th Annual Pump, Valve & Water Systems Symposium; transcript and slideshow were posted (useful for detail on end markets, product mix and margin outlook). These materials typically provide color but rarely move stock materially unless guidance changes. Symposium Transcript Slideshow
• Negative Sentiment: Zacks cut several near-term quarter estimates: Q4 2026 EPS lowered to $1.89 (from $2.02), Q1 2027 EPS trimmed to $1.85 (from $1.87), and Q3 2027 EPS reduced to $2.11 (from $2.23). These downward revisions to near-term EPS are the primary driver of weaker sentiment and likely explain today’s selling pressure. MarketBeat ITT

ITT Trading Down 0.9%

Shares of ITT stock opened at $202.23 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 1.87 and a beta of 1.37. ITT Inc. has a twelve month low of $105.64 and a twelve month high of $209.70. The business has a 50-day moving average price of $188.56 and a 200-day moving average price of $181.20.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company earned $1.50 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Equities research analysts anticipate that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be issued a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from ITT’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 6th. ITT’s payout ratio is 22.91%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ITT. Robert W. Baird set a $222.00 target price on shares of ITT in a report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. DA Davidson set a $245.00 target price on ITT in a research report on Monday, February 9th. KeyCorp boosted their price target on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Stifel Nicolaus upped their price target on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $216.11.

ITT Company 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.