Thornburg Investment Management Inc. Lowers Position in ITT Inc. $ITT

Thornburg Investment Management Inc. reduced its stake in ITT Inc. (NYSE:ITT) by 79.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,044 shares of the conglomerate’s stock after selling 61,914 shares during the period. Thornburg Investment Management Inc.’s holdings in ITT were worth $3,173,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ITT. Greenleaf Trust boosted its position in shares of ITT by 14.4% during the 2nd quarter. Greenleaf Trust now owns 2,432 shares of the conglomerate’s stock worth $481,000 after purchasing an additional 306 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of ITT by 2.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 263,749 shares of the conglomerate’s stock valued at $52,159,000 after buying an additional 6,333 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in shares of ITT by 10.1% in the second quarter. New Mexico Educational Retirement Board now owns 18,600 shares of the conglomerate’s stock valued at $3,678,000 after buying an additional 1,700 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of ITT by 9.0% in the 2nd quarter. Van ECK Associates Corp now owns 74,860 shares of the conglomerate’s stock valued at $14,804,000 after buying an additional 6,190 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in ITT by 16.5% during the 2nd quarter. Wellington Management Group LLP now owns 825,147 shares of the conglomerate’s stock valued at $163,181,000 after acquiring an additional 117,155 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Stock Performance

Shares of ITT opened at $202.80 on Friday. ITT Inc. has a 1 year low of $166.96 and a 1 year high of $230.32. The stock has a market capitalization of $18.13 billion, a PE ratio of 39.76, a PEG ratio of 1.66 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. The stock has a 50-day simple moving average of $200.18 and a 200-day simple moving average of $199.70.

ITT (NYSE:ITT) last issued its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.16. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the company earned $1.64 earnings per share. The firm’s revenue was up 51.5% compared to the same quarter last year. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, analysts predict that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.386 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s payout ratio is presently 30.20%.

Key Headlines Impacting ITT

Here are the key news stories impacting ITT this week:

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to $8.27 from $7.87, above the broader consensus estimate of $8.25. The firm also lifted its Q3 and Q4 2026 forecasts to $2.04 and $2.18, respectively. ITT analyst estimates
• Positive Sentiment: Longer-term projections also improved: FY2027 EPS increased to $9.08 from $8.99, while FY2028 EPS rose to $10.53 from $10.49. Zacks raised its Q3 2027, Q1 2028 and Q2 2028 estimates as well, signaling improved expectations for ITT’s earnings growth.
• Positive Sentiment: The estimate revisions follow ITT’s latest quarterly performance, when the company beat earnings and revenue expectations and reported 51.5% year-over-year revenue growth. Management’s FY2026 guidance calls for EPS of $8.12–$8.32.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ITT shares. KeyCorp increased their price target on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Robert W. Baird set a $246.00 target price on shares of ITT in a research note on Thursday, May 7th. Wolfe Research upgraded shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price on the stock in a report on Thursday, July 9th. DA Davidson raised their price target on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.08.

Insider Buying and Selling

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $214.54, for a total value of $150,178.00. Following the sale, the chief accounting officer directly owned 7,159 shares in the company, valued at $1,535,891.86. This trade represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.88% of the stock is owned by company insiders.

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.