Border to Coast Pensions Partnership Ltd Acquires New Shares in ITT Inc. $ITT

Border to Coast Pensions Partnership Ltd acquired a new position in ITT Inc. (NYSE:ITT) in the 1st quarter, Holdings Channel reports. The firm acquired 108,740 shares of the conglomerate’s stock, valued at approximately $20,782,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITT. Capital International Investors grew its holdings in shares of ITT by 3.0% during the 4th quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock worth $1,526,421,000 after purchasing an additional 258,936 shares during the period. Vanguard Group Inc. raised its holdings in ITT by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after buying an additional 620,217 shares during the period. State Street Corp raised its holdings in ITT by 7.4% in the 4th quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock valued at $441,880,000 after buying an additional 175,367 shares during the period. Geode Capital Management LLC lifted its position in ITT by 15.6% in the fourth quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock valued at $280,267,000 after buying an additional 217,360 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in ITT by 55,929.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after buying an additional 1,515,695 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Stock Performance

NYSE ITT opened at $193.20 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01. The company has a market cap of $17.27 billion, a P/E ratio of 34.07, a P/E/G ratio of 1.81 and a beta of 1.27. The stock has a 50-day moving average of $200.99 and a two-hundred day moving average of $193.24. ITT Inc. has a 1-year low of $154.29 and a 1-year high of $225.26.

ITT (NYSE:ITT) last issued its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the company earned $1.45 earnings per share. The business’s quarterly revenue was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, analysts anticipate that ITT Inc. will post 7.91 EPS for the current year.

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.386 per share. The ex-dividend date is Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s dividend payout ratio is 27.16%.

Insider Buying and Selling

In other ITT news, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the completion of the transaction, the insider owned 8,729 shares of the company’s stock, valued at $1,817,988.83. This trade represents a 44.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the transaction, the chief accounting officer owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ITT has been the subject of a number of recent analyst reports. Citigroup lifted their price target on shares of ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. The Goldman Sachs Group began coverage on shares of ITT in a report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price objective on the stock. DA Davidson increased their price objective on shares of ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. KeyCorp lifted their target price on shares of ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Barclays boosted their target price on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, ITT presently has an average rating of “Moderate Buy” and an average price target of $234.91.

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.