Oak Thistle LLC Makes New $2.32 Million Investment in ITT Inc. $ITT

Key Points

• Oak Thistle LLC opened a new position in ITT, acquiring 13,364 shares valued at approximately $2.32 million in the fourth quarter.
• Analysts hold a consensus rating of "Moderate Buy" with an average price target of $225.55; notable notes include Goldman Sachs initiating coverage with a $270 buy target while Barclays lowered its target to $210.
• CEO Luca Savi sold 63,450 shares on March 5 for about $12.1 million, cutting his position by 19.47%; insiders now own 0.47% of the stock while institutions hold 91.59%.

Oak Thistle LLC acquired a new position in ITT Inc. (NYSE:ITT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,364 shares of the conglomerate's stock, valued at approximately $2,319,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Capital International Investors lifted its holdings in ITT by 0.5% in the 3rd quarter. Capital International Investors now owns 8,538,229 shares of the conglomerate's stock worth $1,526,281,000 after buying an additional 38,433 shares during the period. Alliancebernstein L.P. lifted its stake in shares of ITT by 11.2% in the 3rd quarter. Alliancebernstein L.P. now owns 1,188,219 shares of the conglomerate's stock valued at $212,406,000 after purchasing an additional 119,601 shares during the period. Invesco Ltd. lifted its stake in shares of ITT by 3.1% in the 3rd quarter. Invesco Ltd. now owns 1,128,933 shares of the conglomerate's stock valued at $201,808,000 after purchasing an additional 34,183 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of ITT by 1.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 786,681 shares of the conglomerate's stock valued at $123,376,000 after purchasing an additional 7,562 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of ITT by 6.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 744,188 shares of the conglomerate's stock valued at $133,031,000 after purchasing an additional 43,336 shares during the period. Hedge funds and other institutional investors own 91.59% of the company's stock.

Analysts Set New Price Targets

ITT has been the subject of a number of research analyst reports. Barclays lowered their target price on ITT from $220.00 to $210.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 1st. DA Davidson set a $245.00 target price on ITT in a research note on Monday, February 9th. Wall Street Zen upgraded ITT from a "hold" rating to a "buy" rating in a research note on Monday, March 2nd. Weiss Ratings restated a "buy (b)" rating on shares of ITT in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group initiated coverage on ITT in a research note on Tuesday, March 31st. They issued a "buy" rating and a $270.00 target price for the company. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $225.55.

Insider Activity at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of ITT stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total value of $12,099,280.50. Following the completion of the sale, the chief executive officer owned 262,354 shares of the company's stock, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.47% of the company's stock.

ITT Stock Up 0.9%

Shares of NYSE:ITT opened at $195.83 on Wednesday. The stock has a fifty day simple moving average of $193.90 and a two-hundred day simple moving average of $184.57. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 1.78 and a beta of 1.32. ITT Inc. has a 12-month low of $110.75 and a 12-month high of $209.70. 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 (NYSE:ITT - Get Free Report) last posted its earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.06. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.The company's quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, research analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 6th were issued a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from ITT's previous quarterly dividend of $0.35. ITT's dividend 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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