King Luther Capital Management Corp Has $20.82 Million Stock Holdings in ITT Inc. $ITT

King Luther Capital Management Corp grew its position in ITT Inc. (NYSE:ITT) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,983 shares of the conglomerate’s stock after purchasing an additional 11,351 shares during the period. King Luther Capital Management Corp’s holdings in ITT were worth $20,818,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ITT. Capital International Investors raised its holdings in shares of ITT by 0.5% during the third quarter. Capital International Investors now owns 8,538,229 shares of the conglomerate’s stock worth $1,526,281,000 after acquiring an additional 38,433 shares during the period. Vanguard Group Inc. raised its holdings in shares of ITT by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock worth $1,467,976,000 after acquiring an additional 620,217 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of ITT by 55,929.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after acquiring an additional 1,515,695 shares during the period. Alliancebernstein L.P. raised its holdings in shares of ITT by 11.2% during the third quarter. Alliancebernstein L.P. now owns 1,188,219 shares of the conglomerate’s stock worth $212,406,000 after acquiring an additional 119,601 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of ITT by 3.1% during the third quarter. Invesco Ltd. now owns 1,128,933 shares of the conglomerate’s stock worth $201,808,000 after acquiring an additional 34,183 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ITT

In other news, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value 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 $1,637,894.19. This trade represents a 2.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Luca Savi sold 63,450 shares of ITT stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the transaction, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 70,773 shares of company stock valued at $13,624,470. Corporate insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Robert W. Baird set a $246.00 price objective on shares of ITT in a report on Thursday, May 7th. Barclays raised their price objective 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. DA Davidson raised their price objective on shares of ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 11th. The Goldman Sachs Group began coverage on shares of ITT in a report on Tuesday, March 31st. They set a “buy” rating and a $270.00 price objective on the stock. Finally, Stifel Nicolaus set a $246.00 target price on shares of ITT 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 company. According to MarketBeat.com, ITT has a consensus rating of “Moderate Buy” and an average target price of $234.91.

ITT Stock Down 2.3%

ITT stock opened at $196.27 on Thursday. The company has a market cap of $17.55 billion, a P/E ratio of 34.62, a price-to-earnings-growth ratio of 1.89 and a beta of 1.32. ITT Inc. has a 1-year low of $147.63 and a 1-year high of $225.26. The company has a fifty day simple moving average of $202.65 and a 200 day simple moving average of $191.84. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

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

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be given a $0.386 dividend. The ex-dividend date of this dividend 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 (DPR) is 27.16%.

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.