Barclays PLC Boosts Stock Holdings in ITT Inc. $ITT

Barclays PLC grew its stake in shares of ITT Inc. (NYSE:ITT) by 92.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 119,917 shares of the conglomerate’s stock after buying an additional 57,553 shares during the period. Barclays PLC owned 0.15% of ITT worth $21,436,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Amundi increased its position in ITT by 22,565.6% during the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after purchasing an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in ITT by 7.4% during the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after buying an additional 28,937 shares in the last quarter. Empowered Funds LLC purchased a new stake in ITT during the first quarter worth approximately $360,000. Focus Partners Wealth increased its position in shares of ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock worth $1,017,000 after acquiring an additional 3,515 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of ITT in the second quarter worth $34,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ITT. Citigroup raised their price objective on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research report on Monday, February 9th. DA Davidson set a $245.00 target price on ITT in a research note on Monday, February 9th. Barclays initiated coverage on ITT in a report on Monday. They set an “equal weight” rating and a $220.00 target price on the stock. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Finally, Robert W. Baird set a $222.00 price objective on shares of ITT in a research report 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $216.50.

ITT Price Performance

NYSE ITT opened at $189.23 on Thursday. The company has a 50-day moving average price of $190.85 and a two-hundred day moving average price of $182.54. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $209.70. The stock has a market cap of $16.27 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.75 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 (NYSE:ITT) last posted its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.06. ITT had a net margin of 12.39% and a return on equity of 17.74%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s quarterly 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. Analysts forecast that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

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

Insider Activity

In other ITT news, CEO Luca Savi sold 63,450 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 262,354 shares in the company, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.