Massachusetts Financial Services Co. MA Lowers Stock Holdings in ITT Inc. $ITT

Key Points

• Massachusetts Financial Services Co. MA trimmed its stake in ITT by 35.3% in Q4, selling 334,736 shares and leaving it with 613,682 shares worth about $106.48 million (≈0.71% of the company).
• CEO Luca Savi executed insider selling of 63,450 shares on March 5 for roughly $12.1 million, reducing his personal holding by 19.47%.
• Analysts are broadly positive (ten Buy, one Hold) with a consensus price target of $225.55; ITT also beat Q4 EPS expectations ($1.85 vs. $1.79), reported 13.5% revenue growth, and raised its quarterly dividend to $0.386 ($1.54 annual).

Massachusetts Financial Services Co. MA trimmed its stake in ITT Inc. (NYSE:ITT - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 613,682 shares of the conglomerate's stock after selling 334,736 shares during the period. Massachusetts Financial Services Co. MA owned about 0.71% of ITT worth $106,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in ITT. True Wealth Design LLC boosted its position in ITT by 219.2% in the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate's stock valued at $30,000 after buying an additional 114 shares during the period. Quent Capital LLC purchased a new stake in shares of ITT in the 3rd quarter worth approximately $37,000. Triumph Capital Management purchased a new stake in shares of ITT in the 3rd quarter worth approximately $37,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of ITT in the 3rd quarter worth approximately $43,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of ITT in the 3rd quarter worth approximately $46,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ITT

In other news, CEO Luca Savi sold 63,450 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on ITT. The Goldman Sachs Group began coverage on shares of ITT in a research report 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 report on Friday, March 27th. They issued an "outperform" rating and a $233.00 price target for the company. Citigroup upped their price target on shares of ITT from $225.00 to $243.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. Barclays lowered their price target on shares of ITT from $220.00 to $210.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 1st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of ITT in a research report on Thursday, January 22nd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $225.55.

ITT Trading Up 1.2%

Shares of ITT stock opened at $219.58 on Tuesday. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. ITT Inc. has a 12-month low of $124.09 and a 12-month high of $220.43. The firm has a market capitalization of $19.63 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 2.18 and a beta of 1.32. The firm's 50 day simple moving average is $196.46 and its two-hundred day simple moving average is $185.63.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly 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 net margin of 12.39% and a return on equity of 17.74%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted $1.50 EPS. ITT'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. Analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

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

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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