Granite Group Advisors LLC Invests $3.44 Million in ITT Inc. $ITT

Key Points

• Granite Group Advisors bought a new stake of 19,824 shares of ITT (~$3.44 million) in Q4, making the holding 1.9% of its portfolio and ITT its fourth-largest position.
• ITT beat Q4 estimates (EPS $1.85 vs. $1.79; revenue $1.05B vs. $1.01B), reported 13.5% revenue growth year-over-year, set Q1 guidance of $1.68–$1.72 EPS, and carries an average analyst rating of "Moderate Buy" with a $216.50 price target.
• CEO Luca Savi sold 63,450 shares for about $12.1 million (reducing his stake ~19.5%), while the company also raised its quarterly dividend to $0.386 ($1.54 annualized, ~0.8% yield).

Granite Group Advisors LLC bought a new stake in shares of ITT Inc. (NYSE:ITT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 19,824 shares of the conglomerate's stock, valued at approximately $3,440,000. ITT makes up 1.9% of Granite Group Advisors LLC's portfolio, making the stock its 4th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Capital International Investors grew its stake in shares of ITT by 0.5% in the third quarter. Capital International Investors now owns 8,538,229 shares of the conglomerate's stock valued at $1,526,281,000 after buying an additional 38,433 shares in the last quarter. Alliancebernstein L.P. lifted its position in ITT by 11.2% during the 3rd quarter. Alliancebernstein L.P. now owns 1,188,219 shares of the conglomerate's stock worth $212,406,000 after acquiring an additional 119,601 shares in the last quarter. Invesco Ltd. lifted its position in ITT by 3.1% during the 3rd quarter. Invesco Ltd. now owns 1,128,933 shares of the conglomerate's stock worth $201,808,000 after acquiring an additional 34,183 shares in the last quarter. Norges Bank purchased a new position in ITT in the 2nd quarter worth approximately $140,815,000. Finally, Ameriprise Financial Inc. grew its position in ITT by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 786,681 shares of the conglomerate's stock valued at $123,376,000 after acquiring an additional 7,562 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Trading Down 3.4%

ITT opened at $187.04 on Friday. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $209.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07. The stock has a market capitalization of $16.09 billion, a PE ratio of 30.61, a P/E/G ratio of 1.79 and a beta of 1.34. The firm's fifty day moving average price is $192.70 and its 200 day moving average price is $183.77.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.06. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. The firm's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, research analysts expect that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be issued a $0.386 dividend. This is an increase from ITT's previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, March 6th. ITT's dividend payout ratio is presently 25.20%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of ITT from $215.00 to $230.00 and gave the company an "overweight" rating in a research note on Friday, February 6th. Robert W. Baird set a $222.00 price target on shares of ITT in a report on Friday, February 6th. DA Davidson set a $245.00 price target on shares of ITT in a research note on Monday, February 9th. Citigroup boosted their price objective on shares of ITT from $225.00 to $243.00 and gave the stock a "buy" rating in a report on Monday, February 9th. Finally, Barclays assumed coverage on shares of ITT in a research report on Monday, March 9th. They issued an "equal weight" rating and a $220.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $216.50.

Insider Transactions 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 stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.47% of the stock is 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.

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