Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in ITT Inc. $ITT

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ITT Inc. (NYSE:ITT) by 19.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 56,341 shares of the conglomerate’s stock after purchasing an additional 9,197 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ITT were worth $9,776,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bayforest Capital Ltd lifted its holdings in ITT by 227.5% in the 4th quarter. Bayforest Capital Ltd now owns 845 shares of the conglomerate’s stock valued at $147,000 after purchasing an additional 587 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in ITT by 39.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,942 shares of the conglomerate’s stock valued at $345,000 after purchasing an additional 550 shares in the last quarter. Merit Financial Group LLC lifted its holdings in ITT by 24.3% in the 4th quarter. Merit Financial Group LLC now owns 5,875 shares of the conglomerate’s stock valued at $1,019,000 after purchasing an additional 1,150 shares in the last quarter. CWM LLC lifted its holdings in ITT by 31.2% in the 4th quarter. CWM LLC now owns 19,092 shares of the conglomerate’s stock valued at $3,313,000 after purchasing an additional 4,536 shares in the last quarter. Finally, KBC Group NV lifted its holdings in ITT by 19.5% in the 4th quarter. KBC Group NV now owns 2,390 shares of the conglomerate’s stock valued at $415,000 after purchasing an additional 390 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling at ITT

In other news, CEO Luca Savi sold 63,450 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was 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 of the company’s stock, valued at $50,028,284.26. This represents 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 at this hyperlink. 0.88% of the stock is owned by insiders.

ITT Price Performance

ITT stock opened at $219.40 on Friday. ITT Inc. has a 52-week low of $131.98 and a 52-week high of $224.12. The firm has a fifty day moving average of $199.71 and a 200-day moving average of $187.69. The firm has a market capitalization of $19.61 billion, a P/E ratio of 35.91, a PEG ratio of 2.04 and a beta of 1.32. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) 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 company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, analysts predict that ITT Inc. will post 7.9 EPS for the current year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 6th were given a $0.386 dividend. The ex-dividend date of this dividend was 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 0.7%. ITT’s dividend payout ratio (DPR) is currently 25.20%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ITT shares. Stifel Nicolaus boosted their price target on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a report on Friday, February 6th. BMO Capital Markets began coverage on ITT in a report on Friday, March 27th. They issued an “outperform” rating and a $233.00 price target for the company. Robert W. Baird set a $222.00 price target on shares of ITT in a report on Friday, February 6th. The Goldman Sachs Group initiated coverage on ITT in a research report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research report on Tuesday. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $225.55.

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.