UBS Group AG Sells 139,373 Shares of ITT Inc. $ITT

UBS Group AG lessened its holdings in ITT Inc. (NYSE:ITT) by 26.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380,640 shares of the conglomerate’s stock after selling 139,373 shares during the quarter. UBS Group AG’s holdings in ITT were worth $66,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. iSAM Funds UK Ltd bought a new position in shares of ITT in the third quarter worth approximately $2,113,000. Chesapeake Capital Corp IL bought a new position in shares of ITT in the third quarter worth approximately $1,125,000. Brown Brothers Harriman & Co. boosted its stake in shares of ITT by 86,878.2% in the third quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock worth $47,889,000 after acquiring an additional 267,585 shares during the period. Mawer Investment Management Ltd. boosted its stake in shares of 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 acquiring an additional 76,841 shares during the period. Finally, Regents Gate Capital LLP bought a new position in shares of ITT in the third quarter worth about $9,381,000. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Robert W. Baird set a $222.00 price objective on ITT in a research note on Friday, February 6th. DA Davidson set a $245.00 price objective on ITT in a research note on Monday, February 9th. Citigroup upped their price objective on ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research note on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $225.55.

ITT Price Performance

ITT stock opened at $209.05 on Tuesday. ITT Inc. has a 52 week low of $139.97 and a 52 week high of $224.12. 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 company has a fifty day simple moving average of $200.82 and a two-hundred day simple moving average of $189.29. The firm has a market capitalization of $18.69 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 1.98 and a beta of 1.32.

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

ITT Increases Dividend

The business also recently disclosed 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 of this dividend was Friday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio is 25.20%.

Insider Activity

In other news, CEO Luca Savi sold 63,450 shares of the firm’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 value of $12,099,280.50. Following the completion of the sale, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at $50,028,284.26. This trade represents a 19.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.88% of the stock is owned by insiders.

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.