ITT Inc. $ITT Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 151.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,018 shares of the conglomerate's stock after acquiring an additional 5,433 shares during the period. M&T Bank Corp's holdings in ITT were worth $1,565,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ITT. Amundi boosted its stake in shares of ITT by 22,565.6% during the first quarter. Amundi now owns 7,253 shares of the conglomerate's stock valued at $867,000 after acquiring an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of ITT by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate's stock valued at $54,020,000 after acquiring an additional 28,937 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of ITT during the first quarter valued at $360,000. Focus Partners Wealth boosted its stake in shares of ITT by 80.7% during the first 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 acquired a new stake in shares of ITT during the second quarter valued at $1,880,000. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Price Performance

ITT stock opened at $212.53 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58. ITT Inc. has a 1 year low of $132.92 and a 1 year high of $224.12. The firm has a market cap of $19.00 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.32. The stock has a 50-day simple moving average of $200.62 and a 200-day simple moving average of $188.87.

ITT (NYSE:ITT - Get Free Report) last posted its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The company's revenue for the quarter was up 13.5% compared to the same quarter last year. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, equities analysts predict that ITT Inc. will post 7.9 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 6th were issued a dividend of $0.386 per share. The ex-dividend date was Friday, March 6th. This represents a $1.54 annualized dividend and a yield of 0.7%. This is a boost from ITT's previous quarterly dividend of $0.35. ITT's dividend payout ratio (DPR) is presently 25.20%.

Insider Transactions at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of ITT 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 directly owned 262,354 shares in the company, valued at $50,028,284.26. The trade was a 19.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on ITT. Robert W. Baird set a $222.00 price objective on ITT in a research note on Friday, February 6th. Barclays decreased their price objective on ITT from $220.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 1st. DA Davidson set a $245.00 target price on ITT in a research report on Monday, February 9th. Weiss Ratings reiterated a "buy (b)" rating on shares of ITT in a research report on Tuesday, April 21st. Finally, Citigroup increased their target price on ITT from $225.00 to $243.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $225.55.

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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