Mawer Investment Management Ltd. Acquires 19,821 Shares of ITT Inc. $ITT

Mawer Investment Management Ltd. boosted its holdings in ITT Inc. (NYSE:ITT) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 422,740 shares of the conglomerate’s stock after purchasing an additional 19,821 shares during the period. Mawer Investment Management Ltd.’s holdings in ITT were worth $73,350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ITT. Amundi lifted its stake in ITT by 22,565.6% in the first 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 last quarter. Goldman Sachs Group Inc. lifted its stake in 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 acquiring an additional 28,937 shares during the last quarter. Empowered Funds LLC acquired a new stake in ITT in the first quarter valued at $360,000. Focus Partners Wealth lifted its stake in ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after acquiring an additional 3,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in ITT in the second quarter valued at $1,880,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insiders Place Their Bets

In other ITT news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the completion of the sale, the insider owned 8,729 shares in the company, valued at $1,817,988.83. The trade was a 44.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the sale, the chief accounting officer owned 7,859 shares of the company’s stock, valued at $1,637,894.19. This trade represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 70,773 shares of company stock worth $13,624,470 in the last quarter. 0.88% of the stock is currently owned by corporate insiders.

ITT Stock Down 2.7%

Shares of ITT opened at $189.81 on Tuesday. ITT Inc. has a 52 week low of $147.63 and a 52 week high of $225.26. The firm has a market cap of $16.97 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 1.83 and a beta of 1.32. The firm’s 50-day simple moving average is $202.99 and its 200 day simple moving average is $191.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53.

ITT (NYSE:ITT) last announced its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business earned $1.45 EPS. ITT’s quarterly revenue was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, analysts forecast that ITT Inc. will post 7.9 earnings per share for the current year.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be paid a $0.386 dividend. The ex-dividend date is Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s dividend payout ratio is 27.16%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ITT. DA Davidson increased their price target on shares of ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Stifel Nicolaus set a $246.00 price target on shares of ITT in a research note on Thursday, May 7th. The Goldman Sachs Group began coverage on shares of ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price target for the company. Citigroup increased their price target on shares of ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Robert W. Baird set a $246.00 price target on shares of ITT in a research note on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $234.91.

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.