Horizon Investments LLC Acquires 22,434 Shares of ITT Inc. $ITT

Horizon Investments LLC increased its holdings in ITT Inc. (NYSE:ITT) by 160,242.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 22,448 shares of the conglomerate’s stock after acquiring an additional 22,434 shares during the period. Horizon Investments LLC’s holdings in ITT were worth $3,895,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. iSAM Funds UK Ltd purchased a new stake in shares of ITT in the 3rd quarter worth about $2,113,000. Chesapeake Capital Corp IL bought a new stake in shares of ITT during the 3rd quarter valued at about $1,125,000. Brown Brothers Harriman & Co. increased its position in shares of ITT by 86,878.2% during the third quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock valued at $47,889,000 after buying an additional 267,585 shares during the period. Mawer Investment Management Ltd. raised its stake in ITT by 23.6% in the third quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock worth $72,026,000 after buying an additional 76,841 shares in the last quarter. Finally, Regents Gate Capital LLP bought a new position in ITT in the third quarter worth about $9,381,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of ITT 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 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. 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 accessible through this link. Company insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ITT. The Goldman Sachs Group started coverage on ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research report on Tuesday, April 21st. Wall Street Zen upgraded ITT from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. KeyCorp lifted their price target on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Stifel Nicolaus upped their price target on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ITT has a consensus rating of “Moderate Buy” and a consensus price target of $225.55.

ITT Stock Up 0.1%

Shares of NYSE:ITT opened at $210.05 on Monday. 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 stock has a fifty day simple moving average of $200.82 and a two-hundred day simple moving average of $189.29. ITT Inc. has a 12-month low of $139.89 and a 12-month high of $224.12. The stock has a market capitalization of $18.78 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 1.98 and a beta of 1.32.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.The company’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, research analysts anticipate that ITT Inc. will post 7.9 earnings per share for the current fiscal year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 6th were paid a dividend of $0.386 per share. The ex-dividend date was Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. This is an increase from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio (DPR) is 25.20%.

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.