ITT Inc. $ITT Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its holdings in ITT Inc. (NYSE:ITT) by 11.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,188,219 shares of the conglomerate’s stock after purchasing an additional 119,601 shares during the quarter. Alliancebernstein L.P. owned approximately 1.52% of ITT worth $212,406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ITT. Creative Planning boosted its position in shares of ITT by 27.2% in the third quarter. Creative Planning now owns 29,949 shares of the conglomerate’s stock worth $5,354,000 after acquiring an additional 6,400 shares during the last quarter. Lazard Asset Management LLC increased its position in ITT by 117.9% during the third quarter. Lazard Asset Management LLC now owns 8,949 shares of the conglomerate’s stock worth $1,600,000 after purchasing an additional 4,842 shares during the last quarter. AQR Capital Management LLC increased its position in ITT by 9.1% during the third quarter. AQR Capital Management LLC now owns 605,438 shares of the conglomerate’s stock worth $107,732,000 after purchasing an additional 50,601 shares during the last quarter. Credit Agricole S A purchased a new position in ITT during the third quarter worth approximately $1,355,000. Finally, Virtu Financial LLC purchased a new position in ITT during the third quarter worth approximately $329,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ITT shares. Wall Street Zen raised shares of ITT from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. DA Davidson set a $245.00 target price on ITT in a research report on Monday, February 9th. Citigroup lifted their target price on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a report on Monday, February 9th. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Finally, KeyCorp upped their price target on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Nine investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.50.

ITT Stock Up 0.2%

Shares of ITT stock opened at $188.23 on Tuesday. The company has a fifty day moving average price of $191.57 and a 200 day moving average price of $182.94. 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 twelve month low of $105.64 and a twelve month high of $209.70. The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.34.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, beating the consensus estimate of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $1.50 earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Equities research analysts forecast that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be issued a $0.386 dividend. 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 a boost from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio (DPR) is currently 25.20%.

Insider Transactions at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is owned by company insiders.

ITT Company 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.