Fiera Capital Corp Grows Stock Holdings in ITT Inc. $ITT

Key Points

• Fiera Capital Corp increased its ITT stake by 25% in the fourth quarter, buying 8,719 additional shares and bringing its holding to 43,562 shares worth about $7.56 million.
• Several other institutional investors also boosted their positions, and 91.59% of ITT stock is owned by institutions and hedge funds.
• ITT reported strong quarterly results, with EPS of $1.98 topping estimates and revenue of $1.21 billion above expectations; the company also raised FY2026 guidance to $7.70-$8.00 EPS and declared a quarterly dividend of $0.386 per share.

Fiera Capital Corp grew its stake in ITT Inc. (NYSE:ITT - Free Report) by 25.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,562 shares of the conglomerate's stock after acquiring an additional 8,719 shares during the quarter. Fiera Capital Corp owned about 0.05% of ITT worth $7,558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Amundi raised its position in shares of 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 buying an additional 7,221 shares during the period. Goldman Sachs Group Inc. raised its position 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 valued at $54,020,000 after buying an additional 28,937 shares during the period. Empowered Funds LLC purchased a new stake in shares of ITT during the 1st quarter valued at approximately $360,000. Focus Partners Wealth raised its position in shares of 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 buying an additional 3,515 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of ITT during the 2nd quarter valued at approximately $1,880,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ITT has been the subject of several research reports. Wall Street Zen downgraded shares of ITT from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. The Goldman Sachs Group began coverage on shares of ITT in a research note on Tuesday, March 31st. They issued a "buy" rating and a $270.00 price target for the company. BMO Capital Markets began coverage on shares of ITT in a research note on Friday, March 27th. They issued an "outperform" rating and a $233.00 price target for the company. Citigroup boosted their price target on shares of ITT from $252.00 to $254.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. Finally, KeyCorp boosted their price target on shares of ITT from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $234.91.

Insider Buying and Selling at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the company's stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the transaction, the chief accounting officer owned 7,859 shares in the company, valued at $1,637,894.19. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of the company's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the completion of the transaction, the insider owned 8,729 shares of the company's stock, valued at $1,817,988.83. This represents a 44.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.88% of the company's stock.

ITT Stock Performance

Shares of ITT opened at $192.34 on Wednesday. The stock has a 50 day moving average price of $203.50 and a 200 day moving average price of $192.25. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $17.20 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. ITT Inc. has a 52-week low of $149.02 and a 52-week high of $225.26.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.21. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm's quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Research analysts predict that ITT Inc. will post 7.9 EPS for the current fiscal year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be paid a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, June 8th. ITT's dividend payout ratio 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.

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