Vanguard Group Inc. Has $1.40 Billion Stock Holdings in ITT Inc. $ITT

Vanguard Group Inc. reduced its stake in ITT Inc. (NYSE:ITT) by 2.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,840,250 shares of the conglomerate’s stock after selling 158,074 shares during the period. Vanguard Group Inc. owned 0.10% of ITT worth $1,401,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Amundi raised its holdings in ITT by 22,565.6% in the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after acquiring an additional 7,221 shares during the period. Goldman Sachs Group Inc. grew its position in shares of ITT by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after purchasing an additional 28,937 shares during the last quarter. Empowered Funds LLC bought a new position in shares of ITT during the first quarter worth approximately $360,000. Focus Partners Wealth increased its stake in shares of 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 purchasing an additional 3,515 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in ITT by 2,777.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 518 shares of the conglomerate’s stock worth $81,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Stock Performance

NYSE ITT opened at $206.52 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58. The stock has a market cap of $17.76 billion, a PE ratio of 33.80, a PEG ratio of 1.90 and a beta of 1.37. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $207.98. The firm’s fifty day moving average price is $185.46 and its two-hundred day moving average price is $179.74.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share 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 company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $1.50 earnings per share. ITT’s revenue for the quarter was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, equities analysts expect that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be paid a $0.386 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio (DPR) is presently 22.91%.

Analyst Ratings Changes

ITT has been the topic of a number of research reports. Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. KeyCorp boosted their target price 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. Citigroup upped their price target on shares of ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. DA Davidson set a $245.00 price objective on shares of ITT in a research note on Monday, February 9th. Finally, Robert W. Baird set a $222.00 price objective on shares of ITT in a report on Friday, February 6th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, ITT has a consensus rating of “Buy” and an average price target 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.