Thornburg Investment Management Inc. Reduces Position in ITT Inc. $ITT

Key Points

• Thornburg Investment Management cut its ITT stake by 79.4% in the second quarter, selling 61,914 shares and retaining 16,044 shares valued at approximately $3.17 million. Institutional investors collectively own 91.59% of ITT.
• ITT exceeded quarterly expectations with EPS of $2.08 versus the $1.92 consensus and revenue of $1.47 billion, up 51.5% year over year. Management reaffirmed FY2026 EPS guidance of $8.12–$8.32, while analysts maintain a “Moderate Buy” consensus and a $241.08 price target.
• The company declared a quarterly dividend of $0.386 per share, equivalent to $1.54 annually and a 0.8% yield. ITT shares opened at $202.80, compared with a 12-month range of $166.96 to $230.32.

Thornburg Investment Management Inc. lessened its holdings in ITT Inc. (NYSE:ITT - Free Report) by 79.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,044 shares of the conglomerate's stock after selling 61,914 shares during the quarter. Thornburg Investment Management Inc.'s holdings in ITT were worth $3,173,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ITT. Amundi increased its holdings in shares of ITT by 22,565.6% during the 1st quarter. Amundi now owns 7,253 shares of the conglomerate's stock valued at $867,000 after purchasing an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of ITT by 7.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate's stock worth $54,020,000 after acquiring an additional 28,937 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of ITT during the 1st quarter valued at about $360,000. Focus Partners Wealth increased its stake in shares of ITT by 80.7% in the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate's stock valued at $1,017,000 after purchasing an additional 3,515 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in ITT in the 2nd quarter worth about $1,880,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

ITT Price Performance

NYSE:ITT opened at $202.80 on Friday. The stock has a 50 day moving average of $200.18 and a two-hundred day moving average of $199.70. ITT Inc. has a 12 month low of $166.96 and a 12 month high of $230.32. The firm has a market cap of $18.13 billion, a P/E ratio of 39.76, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60.

ITT (NYSE:ITT - Get Free Report) last released its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.16. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The business's quarterly revenue was up 51.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, analysts expect that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be given a dividend of $0.386 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT's payout ratio is presently 30.20%.

Key Headlines Impacting ITT

Here are the key news stories impacting ITT this week:

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to $8.27 from $7.87, above the broader consensus estimate of $8.25. The firm also lifted its Q3 and Q4 2026 forecasts to $2.04 and $2.18, respectively. ITT analyst estimates
• Positive Sentiment: Longer-term projections also improved: FY2027 EPS increased to $9.08 from $8.99, while FY2028 EPS rose to $10.53 from $10.49. Zacks raised its Q3 2027, Q1 2028 and Q2 2028 estimates as well, signaling improved expectations for ITT’s earnings growth.
• Positive Sentiment: The estimate revisions follow ITT’s latest quarterly performance, when the company beat earnings and revenue expectations and reported 51.5% year-over-year revenue growth. Management’s FY2026 guidance calls for EPS of $8.12–$8.32.

Insider Transactions at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the completion of the sale, the chief accounting officer owned 7,159 shares in the company, valued at approximately $1,535,891.86. This represents a 8.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ITT shares. Wolfe Research upgraded ITT from a "peer perform" rating to an "outperform" rating and set a $229.00 price objective for the company in a research report on Thursday, July 9th. KeyCorp lifted their price target on shares of ITT from $250.00 to $263.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Barclays boosted their price target on shares of ITT from $210.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, May 7th. Wall Street Zen cut shares of ITT from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus increased their price objective on shares of ITT from $246.00 to $250.00 and gave the company a "buy" rating in a report on Monday, July 20th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, ITT presently has an average rating of "Moderate Buy" and a consensus price target of $241.08.

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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