M&T Bank Corp Boosts Stock Position in ITT Inc. $ITT

M&T Bank Corp boosted its holdings in shares of ITT Inc. (NYSE:ITT) by 151.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,018 shares of the conglomerate’s stock after purchasing an additional 5,433 shares during the quarter. M&T Bank Corp’s holdings in ITT were worth $1,565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC increased its holdings in ITT by 219.2% during the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 114 shares during the last quarter. Quent Capital LLC purchased a new stake in ITT during the 3rd quarter worth approximately $37,000. Triumph Capital Management purchased a new stake in ITT during the 3rd quarter worth approximately $37,000. Measured Wealth Private Client Group LLC purchased a new stake in ITT during the 3rd quarter worth approximately $43,000. Finally, Bayforest Capital Ltd purchased a new stake in ITT during the 3rd quarter worth approximately $46,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ITT

In related news, CEO Luca Savi sold 63,450 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was 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 owned 262,354 shares in the company, valued at $50,028,284.26. The trade was a 19.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.88% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ITT shares. The Goldman Sachs Group started coverage on ITT in a research report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price for the company. BMO Capital Markets started coverage on ITT in a research report on Friday, March 27th. They issued an “outperform” rating and a $233.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research report on Tuesday, April 21st. Robert W. Baird set a $222.00 target price on ITT in a research report on Friday, February 6th. Finally, KeyCorp lifted their target price on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $225.55.

ITT Price Performance

Shares of ITT opened at $212.53 on Thursday. The firm has a market cap of $19.00 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.04 and a beta of 1.32. The stock has a 50 day moving average of $200.62 and a 200-day moving average of $188.87. 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 52 week low of $132.92 and a 52 week high of $224.12.

ITT (NYSE:ITT) last released its quarterly earnings data 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 return on equity of 17.74% and a net margin of 12.39%.The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. The business’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. As a group, analysts forecast that ITT Inc. will post 7.9 EPS for the current year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 6th were given a dividend of $0.386 per share. The ex-dividend date was Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. This is an increase from ITT’s previous quarterly dividend of $0.35. ITT’s payout ratio is presently 25.20%.

ITT 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.