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

Gamco Investors INC. ET AL decreased its stake in shares of ITT Inc. (NYSE:ITT) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 259,536 shares of the conglomerate’s stock after selling 25,207 shares during the period. Gamco Investors INC. ET AL owned about 0.33% of ITT worth $46,395,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ITT. True Wealth Design LLC lifted its holdings in ITT by 219.2% during the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after buying an additional 114 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in shares of ITT in the 2nd quarter valued at approximately $27,000. Quent Capital LLC bought a new stake in shares of ITT in the 3rd quarter valued at approximately $37,000. Atlantic Union Bankshares Corp acquired a new stake in shares of ITT during the 2nd quarter valued at approximately $34,000. Finally, MTM Investment Management LLC acquired a new stake in shares of ITT during the 2nd quarter valued at approximately $39,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ITT. Citigroup lifted their price objective on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a report on Monday, February 9th. KeyCorp increased their target price on shares of ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Robert W. Baird set a $222.00 price target on shares of ITT in a research report on Friday, February 6th. Stifel Nicolaus lifted their price target on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Wall Street Zen raised shares of ITT from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $216.11.

ITT Price Performance

Shares of ITT opened at $185.21 on Friday. The company 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. The stock has a fifty day moving average price of $190.09 and a 200 day moving average price of $181.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $209.70.

ITT (NYSE:ITT) last posted its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The company 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 posted $1.50 earnings per share. The firm’s quarterly 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. On average, research analysts forecast that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, March 6th. This represents a $1.54 annualized dividend and a yield of 0.8%. This is a boost from ITT’s previous quarterly dividend of $0.35. ITT’s payout ratio is 22.91%.

Insider Transactions at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at $50,028,284.26. The trade was a 19.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% 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.