BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 139,666 Shares of ITT Inc. $ITT

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in ITT Inc. (NYSE:ITT) by 36.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 521,429 shares of the conglomerate’s stock after acquiring an additional 139,666 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.67% of ITT worth $93,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITT. MQS Management LLC acquired a new stake in shares of ITT in the second quarter valued at approximately $362,000. Mawer Investment Management Ltd. lifted its holdings in ITT by 23.6% during the 3rd quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock worth $72,026,000 after buying an additional 76,841 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in ITT by 2.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 284,743 shares of the conglomerate’s stock valued at $44,656,000 after buying an additional 7,516 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of ITT by 20.5% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 39,157 shares of the conglomerate’s stock valued at $7,000,000 after acquiring an additional 6,663 shares during the period. Finally, Ground Swell Capital LLC bought a new position in ITT in the second quarter valued at about $249,000. 91.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ITT shares. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Stifel Nicolaus lifted their target price on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, February 6th. KeyCorp increased their price target on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Robert W. Baird set a $222.00 price objective on ITT in a research note on Friday, February 6th. Finally, Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ITT currently has an average rating of “Buy” and a consensus price target of $216.11.

ITT Stock Down 0.2%

ITT stock opened at $204.59 on Friday. The company has a 50 day moving average of $184.80 and a 200-day moving average of $179.47. The stock has a market capitalization of $17.59 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37. The company has a quick ratio of 2.07, a current ratio of 2.58 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 $207.98.

ITT (NYSE:ITT) last issued its quarterly 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 company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 earnings per share. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, equities research analysts anticipate 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. Shareholders of record on Friday, March 6th will be paid a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, March 6th. This is an increase from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio (DPR) is presently 22.91%.

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.