ITT Inc. $ITT Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC cut its position in shares of ITT Inc. (NYSE:ITT) by 16.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,108 shares of the conglomerate’s stock after selling 20,198 shares during the quarter. Neuberger Berman Group LLC owned 0.13% of ITT worth $17,717,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in ITT in the 2nd quarter valued at approximately $140,815,000. AQR Capital Management LLC raised its holdings in shares of ITT by 47.4% in the 2nd quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate’s stock worth $86,993,000 after purchasing an additional 178,539 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of 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 valued at $93,211,000 after acquiring an additional 139,666 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of ITT by 14.2% during the second quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate’s stock valued at $171,690,000 after purchasing an additional 135,768 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of ITT by 23.9% in the second quarter. Raymond James Financial Inc. now owns 590,874 shares of the conglomerate’s stock worth $92,667,000 after buying an additional 114,150 shares during the period. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of the business’s stock in a transaction that occurred 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 owned 262,354 shares of the company’s stock, valued at $50,028,284.26. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.

ITT Price Performance

Shares of ITT stock opened at $185.21 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 $15.93 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.71 and a beta of 1.34. The stock has a 50-day moving average price of $190.09 and a 200 day moving average price of $182.09. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $209.70.

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. ITT had a net margin of 12.39% and a return on equity of 17.74%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company posted $1.50 EPS. ITT’s revenue for the quarter was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Research analysts expect that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.386 per share. The ex-dividend date is Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio (DPR) is currently 22.91%.

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.