Dimensional Fund Advisors LP Decreases Stock Position in ITT Inc. $ITT

Dimensional Fund Advisors LP decreased its position in ITT Inc. (NYSE:ITT) by 4.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 758,304 shares of the conglomerate’s stock after selling 37,929 shares during the period. Dimensional Fund Advisors LP owned approximately 0.97% of ITT worth $135,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ITT. Financial Gravity Companies Inc. acquired a new position in shares of ITT in the second quarter worth about $27,000. True Wealth Design LLC grew its position in shares of ITT by 219.2% during the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 114 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of ITT in the 2nd quarter valued at about $34,000. Quent Capital LLC purchased a new position in shares of ITT in the 3rd quarter valued at about $37,000. Finally, MTM Investment Management LLC acquired a new position in ITT in the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Stock Up 1.8%

Shares of NYSE ITT opened at $189.74 on Wednesday. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $209.70. The stock has a market cap of $16.32 billion, a P/E ratio of 31.05, a PEG ratio of 1.72 and a beta of 1.34. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $190.53 and its 200-day simple moving average is $182.49.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.06. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.ITT’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, equities analysts predict that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be paid a dividend of $0.386 per share. The ex-dividend date is Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. This is an increase from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio (DPR) is currently 25.20%.

Insider Activity

In related news, CEO Luca Savi sold 63,450 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ITT has been the topic of a number of recent research reports. Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. Robert W. Baird set a $222.00 target price on ITT in a research note on Friday, February 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Citigroup boosted their price target on shares of ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Finally, DA Davidson set a $245.00 price objective on shares of ITT in a report on Monday, February 9th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $216.50.

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.