Candriam S.C.A. Has $8.26 Million Stake in ITT Inc. $ITT

Candriam S.C.A. grew its stake in shares of ITT Inc. (NYSE:ITT) by 110.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,205 shares of the conglomerate’s stock after buying an additional 24,270 shares during the period. Candriam S.C.A.’s holdings in ITT were worth $8,260,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Covestor Ltd boosted its stake in ITT by 15.3% during the 3rd quarter. Covestor Ltd now owns 512 shares of the conglomerate’s stock worth $92,000 after acquiring an additional 68 shares during the last quarter. Merit Financial Group LLC raised its holdings in ITT by 1.5% in the third quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock worth $845,000 after purchasing an additional 69 shares during the period. Unique Wealth LLC boosted its position in shares of ITT by 1.9% during the third quarter. Unique Wealth LLC now owns 4,107 shares of the conglomerate’s stock worth $734,000 after purchasing an additional 75 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of ITT by 2.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,427 shares of the conglomerate’s stock valued at $537,000 after buying an additional 97 shares during the period. Finally, Mutual Advisors LLC increased its position in shares of ITT by 3.5% in the 2nd quarter. Mutual Advisors LLC now owns 2,923 shares of the conglomerate’s stock valued at $472,000 after buying an additional 98 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

ITT Price Performance

NYSE ITT opened at $199.94 on Wednesday. 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 12-month low of $105.64 and a 12-month high of $207.98. The company has a market capitalization of $17.20 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 1.84 and a beta of 1.37. The firm’s 50 day moving average is $180.96 and its 200-day moving average is $177.73.

ITT (NYSE:ITT) last announced its earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS 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 analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Equities research analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be issued a $0.386 dividend. This represents a $1.54 annualized dividend 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 dividend payout ratio is 22.91%.

Analysts Set New Price Targets

Several research analysts have weighed in on ITT shares. Citigroup lifted their target price on ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a report on Monday. KeyCorp lifted their price objective on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Robert W. Baird set a $222.00 target price on shares of ITT in a report on Friday. Finally, Stifel Nicolaus upped their price target on shares of ITT from $218.00 to $228.00 and gave the company a “buy” rating in a report on Friday. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ITT presently has an average rating of “Buy” and an average price target of $216.11.

ITT 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.