Vanguard Group Inc. Buys 620,217 Shares of ITT Inc. $ITT

Vanguard Group Inc. increased its stake in shares of ITT Inc. (NYSE:ITT) by 7.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,460,467 shares of the conglomerate’s stock after buying an additional 620,217 shares during the period. Vanguard Group Inc. owned 0.10% of ITT worth $1,467,976,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Amundi raised its stake in ITT by 22,565.6% in the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after purchasing an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in ITT by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after purchasing an additional 28,937 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of ITT in the 1st quarter valued at approximately $360,000. Focus Partners Wealth grew its holdings in shares of ITT by 80.7% during the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after purchasing an additional 3,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of ITT during the 2nd quarter valued at approximately $1,880,000. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

ITT has been the topic of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a report on Tuesday, April 21st. Stifel Nicolaus upped their price objective on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, February 6th. KeyCorp upped their price objective on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Barclays dropped their target price on shares of ITT from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Finally, DA Davidson set a $245.00 target price on shares of ITT in a research report on Monday, February 9th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.55.

ITT Stock Performance

ITT opened at $214.71 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average price is $200.82 and its two-hundred day moving average price is $189.05. ITT Inc. has a 1-year low of $133.36 and a 1-year high of $224.12. The company has a market cap of $19.19 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 2.00 and a beta of 1.32.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.06. ITT had a net margin of 12.39% and a return on equity of 17.74%. 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 prior year, the company posted $1.50 earnings per share. The business’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. On average, analysts expect that ITT Inc. will post 7.9 EPS for the current fiscal year.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Stockholders 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%. The ex-dividend date was Friday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio (DPR) is currently 25.20%.

Insider Activity

In other news, CEO Luca Savi sold 63,450 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer owned 262,354 shares in the company, valued at $50,028,284.26. This represents a 19.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.88% of the stock is currently owned by insiders.

About ITT

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.