ITT Inc. $ITT is GW&K Investment Management LLC’s 3rd Largest Position

GW&K Investment Management LLC raised its position in shares of ITT Inc. (NYSE:ITT) by 16.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 860,687 shares of the conglomerate’s stock after buying an additional 121,694 shares during the quarter. ITT comprises 1.3% of GW&K Investment Management LLC’s portfolio, making the stock its 3rd biggest holding. GW&K Investment Management LLC’s holdings in ITT were worth $149,339,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ITT. Northwestern Mutual Wealth Management Co. grew its holdings in ITT by 55,929.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after buying an additional 1,515,695 shares in the last quarter. Norges Bank purchased a new position in ITT during the 4th quarter valued at approximately $194,884,000. Vanguard Group Inc. grew its holdings in ITT by 7.9% during the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after buying an additional 620,217 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of ITT by 86,878.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock worth $47,889,000 after purchasing an additional 267,585 shares during the period. Finally, Capital International Investors boosted its holdings in shares of ITT by 3.0% in the 4th quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock worth $1,526,421,000 after purchasing an additional 258,936 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In related news, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the completion of the sale, the insider directly owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the sale, the chief accounting officer directly owned 7,859 shares of the company’s stock, valued at $1,637,894.19. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by company insiders.

ITT Price Performance

Shares of ITT stock opened at $192.34 on Wednesday. The stock has a market cap of $17.20 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The stock has a 50 day moving average price of $203.50 and a 200-day moving average price of $192.25. ITT Inc. has a one year low of $149.02 and a one year high of $225.26.

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

ITT Dividend Announcement

The firm 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 dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 8th. ITT’s dividend payout ratio (DPR) is currently 27.16%.

Wall Street Analysts Forecast Growth

ITT has been the subject of a number of recent research reports. BMO Capital Markets initiated coverage on ITT in a report on Friday, March 27th. They issued an “outperform” rating and a $233.00 target price for the company. Wall Street Zen cut ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Stifel Nicolaus set a $246.00 target price on ITT in a report on Thursday, May 7th. Finally, Citigroup lifted their target price on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.91.

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.