Gabelli Funds LLC Trims Position in ITT Inc. $ITT

Gabelli Funds LLC decreased its stake in shares of ITT Inc. (NYSE:ITT) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,795 shares of the conglomerate’s stock after selling 4,336 shares during the quarter. Gabelli Funds LLC owned approximately 0.50% of ITT worth $69,322,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. boosted its holdings in shares of ITT by 23.6% in the third quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock valued at $72,026,000 after purchasing an additional 76,841 shares during the period. Gamco Investors INC. ET AL grew its stake in ITT by 2.7% in the second quarter. Gamco Investors INC. ET AL now owns 284,743 shares of the conglomerate’s stock worth $44,656,000 after purchasing an additional 7,516 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in ITT by 20.5% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 39,157 shares of the conglomerate’s stock worth $7,000,000 after purchasing an additional 6,663 shares during the period. Bank of New York Mellon Corp raised its position in 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 in the last quarter. Finally, Regents Gate Capital LLP bought a new stake in ITT during the 3rd quarter valued at $9,381,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ITT

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

ITT Trading Down 2.9%

Shares of NYSE:ITT opened at $185.21 on Friday. The company has a market capitalization of $15.93 billion, a PE ratio of 30.31, a P/E/G ratio of 1.76 and a beta of 1.34. 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 Inc. has a 12-month low of $105.64 and a 12-month high of $209.70. The business’s fifty day simple moving average is $190.09 and its 200-day simple moving average is $181.99.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, topping 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 firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the business posted $1.50 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, equities research analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be given a dividend of $0.386 per share. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is currently 22.91%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ITT shares. Stifel Nicolaus increased their price target on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Robert W. Baird set a $222.00 target price on shares of ITT in a research report on Friday, February 6th. KeyCorp boosted their price target on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Weiss Ratings reiterated 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, According to data from MarketBeat, ITT currently has a consensus rating of “Buy” and a consensus target price of $216.11.

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.