Horizon Investments LLC Raises Stock Position in ITT Inc. $ITT

Key Points

• Horizon Investments increased its stake in ITT by 160,242.9% in Q4, now owning 22,448 shares worth about $3.895 million, while roughly 91.6% of ITT is held by hedge funds and other institutional investors.
• CEO Luca Savi sold 63,450 shares on March 5 at an average of $190.69, generating roughly $12.1 million and reducing his position by 19.47%.
• Analysts are largely positive (10 Buy, 1 Hold) with a consensus price target of $225.55; ITT beat Q4 EPS expectations ($1.85 vs. $1.79) and raised its quarterly dividend to $0.386 ($1.54 annualized, ~0.7% yield).

Horizon Investments LLC increased its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 160,242.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,448 shares of the conglomerate's stock after acquiring an additional 22,434 shares during the period. Horizon Investments LLC's holdings in ITT were worth $3,895,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. iSAM Funds UK Ltd bought a new position in ITT in the 3rd quarter worth about $2,113,000. Chesapeake Capital Corp IL bought a new stake in shares of ITT during the 3rd quarter valued at about $1,125,000. Brown Brothers Harriman & Co. boosted its position in shares of ITT by 86,878.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate's stock valued at $47,889,000 after acquiring an additional 267,585 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of ITT by 23.6% during the third quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate's stock worth $72,026,000 after purchasing an additional 76,841 shares in the last quarter. Finally, Regents Gate Capital LLP purchased a new position in shares of ITT during the third quarter worth about $9,381,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ITT shares. Stifel Nicolaus raised their target price on shares of ITT from $218.00 to $228.00 and gave the company a "buy" rating in a research note on Friday, February 6th. The Goldman Sachs Group assumed 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. Citigroup raised their price objective on shares of ITT from $225.00 to $243.00 and gave the company a "buy" rating in a research report on Monday, February 9th. Barclays dropped their price objective on shares of ITT from $220.00 to $210.00 and set an "equal weight" rating for the company in a report on Wednesday, April 1st. Finally, DA Davidson set a $245.00 target price on shares of ITT in a research report on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, ITT has an average rating of "Moderate Buy" and a consensus price target of $225.55.

Insider Activity

In related news, CEO Luca Savi sold 63,450 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 262,354 shares in the company, valued at $50,028,284.26. The trade was a 19.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.88% of the stock is owned by insiders.

ITT Stock Up 0.1%

Shares of NYSE ITT opened at $210.05 on Monday. The firm's fifty day moving average is $200.82 and its 200 day moving average is $189.29. ITT Inc. has a 52 week low of $139.89 and a 52 week high of $224.12. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 1.98 and a beta of 1.32.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.06. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations 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 quarter in the prior year, the company posted $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, equities research analysts expect that ITT Inc. will post 7.9 earnings per share for the current year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 6th were paid a $0.386 dividend. The ex-dividend date of this dividend was Friday, March 6th. This is a boost from ITT's previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. ITT's payout ratio is 25.20%.

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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