King Luther Capital Management Corp Has $19.42 Million Position in ITT Inc. $ITT

King Luther Capital Management Corp boosted its position in shares of ITT Inc. (NYSE:ITT) by 96.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 108,632 shares of the conglomerate’s stock after buying an additional 53,426 shares during the quarter. King Luther Capital Management Corp owned approximately 0.14% of ITT worth $19,419,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Amundi grew its holdings in ITT by 22,565.6% during the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after acquiring an additional 7,221 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of ITT by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after purchasing an additional 28,937 shares during the period. Empowered Funds LLC bought a new stake in ITT in the first quarter valued at about $360,000. Focus Partners Wealth boosted its holdings in ITT by 80.7% during the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock worth $1,017,000 after buying an additional 3,515 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of ITT during the 2nd quarter worth about $1,593,000. 91.59% of the stock is currently owned by institutional investors.

ITT Price Performance

NYSE ITT opened at $204.59 on Friday. The firm’s 50 day moving average is $184.80 and its 200-day moving average is $179.47. 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 market capitalization of $17.59 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $207.98.

ITT (NYSE:ITT) last released its 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 during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Equities research analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

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

Analyst Ratings Changes

ITT has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. KeyCorp upped their price objective on shares of ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Robert W. Baird set a $222.00 price objective on ITT in a research note on Friday, February 6th. Citigroup boosted 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. Finally, Stifel Nicolaus raised their price target on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, ITT presently has an average rating of “Buy” and a consensus target price of $216.11.

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.