Deutsche Bank AG Invests $3 Million in ITT Inc. $ITT

Key Points

• Deutsche Bank acquired a new $3.0 million stake in ITT during the second quarter, purchasing 15,176 shares. Institutional investors and hedge funds collectively own 91.59% of the company.
• ITT reported strong quarterly results, with EPS of $2.08 exceeding estimates of $1.92 and revenue rising 51.5% year over year to $1.47 billion. The company guided to fiscal 2026 EPS of $8.12–$8.32.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $241.08, while ITT’s quarterly dividend implies a 0.7% annual yield.

Deutsche Bank AG acquired a new stake in ITT Inc. (NYSE:ITT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,176 shares of the conglomerate's stock, valued at approximately $3,001,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Perigon Wealth Management LLC purchased a new stake in ITT in the 2nd quarter valued at approximately $253,000. Trust Co. of Vermont acquired a new position in ITT during the second quarter worth $33,000. TimesSquare Capital Management LLC purchased a new position in ITT in the second quarter worth $36,852,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in ITT in the second quarter valued at $28,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of ITT during the 2nd quarter worth $62,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Stock Performance

NYSE:ITT opened at $210.50 on Thursday. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of 41.27, a price-to-earnings-growth ratio of 1.68 and a beta of 1.27. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $199.83 and a 200-day moving average of $199.68. ITT Inc. has a twelve month low of $166.96 and a twelve month high of $230.32.

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

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be issued a $0.386 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. ITT's dividend payout ratio is presently 30.20%.

Insider Buying and Selling

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the transaction, the chief accounting officer owned 7,159 shares of the company's stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.88% of the company's stock.

Analysts Set New Price Targets

ITT has been the topic of a number of research analyst reports. Wolfe Research raised shares of ITT from a "peer perform" rating to an "outperform" rating and set a $229.00 price objective on the stock in a report on Thursday, July 9th. Weiss Ratings lowered ITT from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. DA Davidson upped their target price on ITT from $255.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. KeyCorp increased their target price 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. Finally, Citigroup lifted their price objective on shares of ITT from $254.00 to $267.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $241.08.

ITT 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.

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