Evergreen Capital Management LLC Acquires 4,255 Shares of ITT Inc. $ITT

Evergreen Capital Management LLC increased its holdings in ITT Inc. (NYSE:ITT) by 189.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,504 shares of the conglomerate’s stock after acquiring an additional 4,255 shares during the quarter. Evergreen Capital Management LLC’s holdings in ITT were worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. iSAM Funds UK Ltd bought a new position in shares of ITT in the 3rd quarter worth about $2,113,000. Chesapeake Capital Corp IL bought a new stake in ITT during the 3rd quarter valued at about $1,125,000. Brown Brothers Harriman & Co. increased its stake in ITT by 86,878.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock valued at $47,889,000 after purchasing an additional 267,585 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in ITT by 23.6% during the 3rd quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock valued at $72,026,000 after purchasing an additional 76,841 shares in the last quarter. Finally, Regents Gate Capital LLP bought a new stake in ITT during the 3rd quarter valued at about $9,381,000. 91.59% of the stock is currently owned by institutional investors.

ITT Stock Performance

Shares of NYSE ITT opened at $219.40 on Friday. The firm’s 50-day moving average price is $199.71 and its 200-day moving average price is $187.69. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The company has a market cap of $19.61 billion, a PE ratio of 35.91, a PEG ratio of 2.04 and a beta of 1.32. ITT Inc. has a 52-week low of $131.98 and a 52-week high of $224.12.

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, beating analysts’ consensus estimates of $1.79 by $0.06. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, analysts anticipate that ITT Inc. will post 7.9 EPS for the current year.

ITT Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on ITT. Robert W. Baird set a $222.00 price objective on shares of ITT in a research note on Friday, February 6th. The Goldman Sachs Group began coverage on shares of ITT in a research note on Tuesday, March 31st. They set a “buy” rating and a $270.00 price objective for the company. BMO Capital Markets began coverage on shares of ITT in a research note on Friday, March 27th. They set an “outperform” rating and a $233.00 price objective for the company. Barclays reduced their price objective on shares of ITT from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Finally, Stifel Nicolaus raised their price objective on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research note 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.55.

Insider Activity

In other news, CEO Luca Savi sold 63,450 shares of the firm’s 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.88% of the stock is currently owned by 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.