GSA Capital Partners LLP Invests $754,000 in ITT Inc. $ITT

GSA Capital Partners LLP acquired a new stake in shares of ITT Inc. (NYSE:ITT) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,219 shares of the conglomerate’s stock, valued at approximately $754,000.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in ITT in the second quarter worth about $140,815,000. AQR Capital Management LLC raised its position in ITT by 47.4% in the second quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate’s stock worth $86,993,000 after acquiring an additional 178,539 shares during the period. Invesco Ltd. raised its holdings in ITT by 14.2% in the 2nd quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate’s stock worth $171,690,000 after purchasing an additional 135,768 shares during the period. Raymond James Financial Inc. lifted its position in shares of ITT by 23.9% during the 2nd quarter. Raymond James Financial Inc. now owns 590,874 shares of the conglomerate’s stock valued at $92,667,000 after buying an additional 114,150 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in ITT by 287.0% during the third quarter. Voya Investment Management LLC now owns 127,865 shares of the conglomerate’s stock valued at $22,857,000 after purchasing an additional 94,823 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Trading Up 1.1%

ITT opened at $206.52 on Friday. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 1.92 and a beta of 1.37. The stock has a fifty day moving average price of $185.46 and a 200-day moving average price of $179.84. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $207.98. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

ITT (NYSE:ITT) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business earned $1.50 EPS. The company’s 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, equities research analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be issued a $0.386 dividend. This is a boost from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, March 6th. ITT’s dividend payout ratio is 22.91%.

Analyst Upgrades and Downgrades

ITT has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Robert W. Baird set a $222.00 target price on shares of ITT in a research report on Friday, February 6th. KeyCorp increased their price target on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, DA Davidson set a $245.00 target price on ITT in a research report on Monday, February 9th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ITT currently has an average rating of “Buy” and an average target price of $216.11.

About ITT

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.