ITT Inc. $ITT Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its holdings in ITT Inc. (NYSE:ITT) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,536 shares of the conglomerate’s stock after selling 25,207 shares during the quarter. Gamco Investors INC. ET AL’s holdings in ITT were worth $46,395,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its position in ITT by 14.2% during the 2nd quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate’s stock worth $171,690,000 after acquiring an additional 135,768 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of ITT by 5.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 960,394 shares of the conglomerate’s stock valued at $150,619,000 after purchasing an additional 45,826 shares during the period. Norges Bank acquired a new position in shares of ITT during the second quarter valued at $140,815,000. Ameriprise Financial Inc. raised its stake in shares of ITT by 1.0% during the second quarter. Ameriprise Financial Inc. now owns 786,681 shares of the conglomerate’s stock valued at $123,376,000 after purchasing an additional 7,562 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in ITT by 6.2% in the third quarter. Bank of New York Mellon Corp now owns 744,188 shares of the conglomerate’s stock worth $133,031,000 after purchasing an additional 43,336 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ITT shares. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. KeyCorp boosted their price target on shares of ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. DA Davidson set a $245.00 price target on shares of ITT in a research note on Monday, February 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. Finally, Robert W. Baird set a $222.00 target price on ITT in a report on Friday, February 6th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, ITT presently has a consensus rating of “Buy” and a consensus price target of $216.11.

Insider Buying and Selling

In related news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the sale, the chief executive officer directly owned 262,354 shares in the company, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by corporate insiders.

ITT Price Performance

NYSE:ITT opened at $185.21 on Friday. The business’s 50-day moving average price is $190.09 and its 200 day moving average price is $181.99. The firm has a market cap of $15.93 billion, a P/E ratio of 30.31, a PEG ratio of 1.76 and a beta of 1.34. ITT Inc. has a 52-week low of $105.64 and a 52-week high of $209.70. 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 issued its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 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 firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the business earned $1.50 earnings per share. ITT’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. As a group, sell-side analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

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