BlackRock Inc. Acquires Shares of 8,675,129 ITT Inc. $ITT

Key Points

• BlackRock acquired 8.68 million ITT shares during the second quarter, worth approximately $1.72 billion and representing a 9.7% stake. Institutional investors collectively own 91.59% of ITT.
• Analysts remain broadly bullish, with 11 Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average price target of $241.08.
• ITT exceeded quarterly expectations with adjusted EPS of $2.08 and revenue of $1.47 billion, while issuing fiscal 2026 EPS guidance of $8.12–$8.32. The company also declared a quarterly dividend of $0.386 per share, equivalent to a 0.7% yield.

BlackRock Inc. bought a new stake in ITT Inc. (NYSE:ITT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,675,129 shares of the conglomerate's stock, valued at approximately $1,715,593,000. BlackRock Inc. owned 9.70% of ITT at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. 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 worth $867,000 after purchasing an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of ITT by 7.4% during the 1st 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 during the last quarter. Empowered Funds LLC purchased a new position in ITT during the 1st quarter valued at $360,000. Focus Partners Wealth grew 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 acquiring an additional 3,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in ITT in the second quarter worth $1,880,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ITT. KeyCorp boosted their target price on shares of ITT from $250.00 to $263.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Citigroup raised their price target on shares of ITT from $254.00 to $267.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Robert W. Baird set a $246.00 price objective on shares of ITT in a report on Thursday, May 7th. BMO Capital Markets restated an "outperform" rating and issued a $273.00 target price on shares of ITT in a research note on Friday, August 7th. Finally, Wall Street Zen lowered shares of ITT from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $241.08.

Insider Activity at ITT

In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were 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 approximately $1,535,891.86. This trade represents a 8.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.88% of the company's stock.

ITT Stock Down 2.0%

ITT stock opened at $213.34 on Thursday. The business has a fifty day moving average of $198.17 and a two-hundred day moving average of $198.99. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The firm has a market cap of $19.07 billion, a P/E ratio of 41.83, a P/E/G ratio of 1.78 and a beta of 1.27. ITT Inc. has a twelve month low of $164.00 and a twelve month high of $230.32.

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

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT's dividend payout ratio is presently 30.20%.

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.

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