Gamco Investors INC. ET AL Buys 14,048 Shares of ITT Inc. $ITT

Gamco Investors INC. ET AL raised its holdings in shares of ITT Inc. (NYSE:ITT) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273,584 shares of the conglomerate’s stock after purchasing an additional 14,048 shares during the period. Gamco Investors INC. ET AL’s holdings in ITT were worth $47,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ITT. Amundi lifted its position in ITT by 22,565.6% during the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after purchasing an additional 7,221 shares during the period. Goldman Sachs Group Inc. lifted its position in ITT by 7.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after purchasing an additional 28,937 shares during the period. Empowered Funds LLC acquired a new position in ITT during the 1st quarter valued at about $360,000. Focus Partners Wealth lifted its position in ITT by 80.7% during the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after purchasing an additional 3,515 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in ITT during the 2nd quarter valued at about $1,880,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays upped their target price on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Stifel Nicolaus set a $246.00 target price on shares of ITT in a research report on Thursday, May 7th. DA Davidson upped their target price on shares of ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, May 11th. The Goldman Sachs Group assumed coverage on shares of ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 target price on the stock. Finally, Robert W. Baird set a $246.00 target price on shares of ITT in a research report 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. According to MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and an average target price of $234.91.

Insider Transactions at ITT

In other news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 19.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction of $41,682.00. Following the transaction, 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 SEC filing for this sale provides additional information. Insiders sold 70,773 shares of company stock valued at $13,624,470 in the last ninety days. 0.88% of the stock is currently owned by corporate insiders.

ITT Stock Performance

Shares of ITT stock opened at $194.86 on Monday. 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 company has a market capitalization of $17.42 billion, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 1.83 and a beta of 1.32. The company’s 50 day moving average price is $201.55 and its two-hundred day moving average price is $191.35. ITT Inc. has a 52 week low of $145.41 and a 52 week high of $225.26.

ITT (NYSE:ITT) last announced its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping the consensus estimate of $1.77 by $0.21. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the company posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, analysts expect that ITT Inc. will post 7.91 earnings per share for the current fiscal year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.386 per share. This represents a $1.54 annualized dividend 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%.

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.