Brown Brothers Harriman & Co. Buys 267,585 Shares of ITT Inc. $ITT

Brown Brothers Harriman & Co. lifted its stake in shares of ITT Inc. (NYSE:ITT) by 86,878.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 267,893 shares of the conglomerate’s stock after buying an additional 267,585 shares during the period. Brown Brothers Harriman & Co. owned about 0.34% of ITT worth $47,889,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ITT. Amundi lifted its stake in 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 acquiring an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of ITT by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after purchasing an additional 28,937 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of ITT in the 1st quarter worth approximately $360,000. Focus Partners Wealth grew its holdings in shares of ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after acquiring an additional 3,515 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in shares of ITT by 2.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 30,751 shares of the conglomerate’s stock valued at $4,823,000 after acquiring an additional 790 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

ITT Stock Up 0.7%

ITT stock opened at $187.89 on Friday. The company’s 50 day moving average is $191.39 and its 200 day moving average is $182.69. The stock has a market cap of $16.16 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth 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. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $209.70.

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

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be paid a $0.386 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is 25.20%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Robert W. Baird set a $222.00 price target on ITT in a report on Friday, February 6th. DA Davidson set a $245.00 target price on ITT in a research note on Monday, February 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. Stifel Nicolaus lifted their price objective on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, KeyCorp boosted their price objective on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.50.

Insider Activity

In other ITT news, CEO Luca Savi sold 63,450 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total value of $12,099,280.50. Following the completion of the sale, the chief executive officer owned 262,354 shares in the company, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.47% of the stock is owned by insiders.

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.