Neuberger Berman Group LLC Has $17.72 Million Stake in ITT Inc. $ITT

Neuberger Berman Group LLC trimmed its position in shares of ITT Inc. (NYSE:ITT) by 16.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,108 shares of the conglomerate’s stock after selling 20,198 shares during the quarter. Neuberger Berman Group LLC’s holdings in ITT were worth $17,717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ITT. Amundi grew its holdings in ITT by 22,565.6% during the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after acquiring an additional 7,221 shares during the period. Goldman Sachs Group Inc. increased its position in shares of ITT by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after acquiring an additional 28,937 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of ITT in the first quarter worth approximately $360,000. Focus Partners Wealth raised its position 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 during the last quarter. Finally, Assetmark Inc. lifted its position in shares of ITT by 31.7% during the second quarter. Assetmark Inc. now owns 503 shares of the conglomerate’s stock valued at $79,000 after purchasing an additional 121 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Price Performance

ITT opened at $185.21 on Friday. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $209.70. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. The stock has a fifty day simple moving average of $190.09 and a two-hundred day simple moving average of $182.09. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

ITT (NYSE:ITT) last released its earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Research analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be given a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a yield of 0.8%. This is a boost from ITT’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 6th. ITT’s dividend payout ratio (DPR) is presently 22.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. DA Davidson set a $245.00 price target on ITT in a research report on Monday, February 9th. Stifel Nicolaus increased their price objective on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Citigroup raised their target price on shares of ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $216.11.

Insider Buying and Selling at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of the company’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 value of $12,099,280.50. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by 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.