48,337 Shares in ITT Inc. $ITT Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new position in shares of ITT Inc. (NYSE:ITT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 48,337 shares of the conglomerate’s stock, valued at approximately $8,641,000. Tudor Investment Corp ET AL owned about 0.06% of ITT at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Amundi grew 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 buying an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in ITT by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after buying an additional 28,937 shares in the last quarter. Empowered Funds LLC acquired a new position in ITT in the 1st quarter valued at $360,000. Focus Partners Wealth grew its holdings in ITT by 80.7% in the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after buying an additional 3,515 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in ITT by 3.4% in the 2nd quarter. M&T Bank Corp now owns 4,634 shares of the conglomerate’s stock valued at $727,000 after buying an additional 154 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Stock Performance

ITT opened at $194.12 on Tuesday. The firm has a market cap of $16.69 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32. ITT Inc. has a 52-week low of $105.64 and a 52-week high of $209.70. 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 business’s fifty day moving average is $193.64 and its 200-day moving average is $184.47.

ITT (NYSE:ITT) last released its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.ITT’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Sell-side 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 was paid on Monday, April 6th. Investors of record on Friday, March 6th were given a dividend of $0.386 per share. The ex-dividend date was Friday, March 6th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. This is an increase from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio is currently 25.20%.

Insider Buying and Selling at ITT

In related news, CEO Luca Savi sold 63,450 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was 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 $50,028,284.26. This represents a 19.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on ITT. DA Davidson set a $245.00 price objective on ITT in a report on Monday, February 9th. KeyCorp upped their price objective on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Robert W. Baird set a $222.00 price objective on ITT in a report on Friday, February 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Finally, BMO Capital Markets assumed coverage on ITT in a report on Friday, March 27th. They set an “outperform” rating and a $233.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $225.55.

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.