ITT Inc. $ITT Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its position in ITT Inc. (NYSE:ITT) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 387,795 shares of the conglomerate’s stock after selling 4,336 shares during the quarter. Gabelli Funds LLC’s holdings in ITT were worth $69,322,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of ITT during the 2nd quarter valued at $140,815,000. AQR Capital Management LLC grew its stake in ITT by 47.4% during the 2nd quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate’s stock worth $86,993,000 after buying an additional 178,539 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in ITT by 36.6% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 521,429 shares of the conglomerate’s stock worth $93,211,000 after buying an additional 139,666 shares during the last quarter. Invesco Ltd. increased its position in 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 buying an additional 135,768 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in ITT by 23.9% in the second quarter. Raymond James Financial Inc. now owns 590,874 shares of the conglomerate’s stock valued at $92,667,000 after buying an additional 114,150 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ITT. Stifel Nicolaus raised 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. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Wall Street Zen raised shares of ITT from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Robert W. Baird set a $222.00 target price on shares of ITT in a research note on Friday, February 6th. Finally, Citigroup boosted their target price on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $216.11.

ITT Stock Performance

Shares of ITT opened at $185.21 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58. The stock has a 50-day moving average of $190.09 and a two-hundred day moving average of $181.99. The stock has a market cap of $15.93 billion, a P/E ratio of 30.31, a P/E/G ratio of 1.76 and a beta of 1.34. ITT Inc. has a one year low of $105.64 and a one year high of $209.70.

ITT (NYSE:ITT) last announced its quarterly earnings data 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. ITT had a return on equity of 17.74% and a net margin of 12.39%.The business had revenue of $1.05 billion for 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 company’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. As a group, research analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The firm also recently declared 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 is a boost from ITT’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 6th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s dividend payout ratio is currently 22.91%.

Insiders Place Their Bets

In other ITT news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 262,354 shares of the company’s stock, 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 SEC, which can be accessed through this link. Company insiders own 0.47% of the company’s stock.

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.