Global Retirement Partners LLC Acquires 4,427 Shares of ITT Inc. $ITT

Global Retirement Partners LLC lifted its holdings in ITT Inc. (NYSE:ITT) by 3,513.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,553 shares of the conglomerate’s stock after buying an additional 4,427 shares during the period. Global Retirement Partners LLC’s holdings in ITT were worth $790,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ITT. Northwestern Mutual Wealth Management Co. raised its position in shares of ITT by 55,929.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after acquiring an additional 1,515,695 shares in the last quarter. Vanguard Group Inc. raised its position in shares of ITT by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock worth $1,467,976,000 after acquiring an additional 620,217 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of ITT by 86,878.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock worth $47,889,000 after acquiring an additional 267,585 shares in the last quarter. Millennium Management LLC raised its position in shares of ITT by 236.8% in the 3rd quarter. Millennium Management LLC now owns 301,670 shares of the conglomerate’s stock worth $53,927,000 after acquiring an additional 212,111 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of ITT by 47.4% in the 2nd quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate’s stock worth $86,993,000 after acquiring an additional 178,539 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ITT shares. Barclays lifted their price objective on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Robert W. Baird set a $246.00 target price on ITT in a research note on Thursday, May 7th. The Goldman Sachs Group initiated coverage on ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price for the company. Weiss Ratings downgraded ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus set a $246.00 target price on ITT in a research note on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, ITT presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.91.

ITT Stock Performance

Shares of ITT opened at $200.91 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01. The stock has a 50-day moving average of $202.49 and a 200-day moving average of $191.76. The company has a market cap of $17.96 billion, a PE ratio of 35.43, a P/E/G ratio of 1.83 and a beta of 1.32. ITT Inc. has a one year low of $147.63 and a one year high of $225.26.

ITT (NYSE:ITT) last issued its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, beating the consensus estimate of $1.77 by $0.21. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the business posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, equities research analysts predict that ITT Inc. will post 7.91 EPS for the current fiscal year.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.386 per share. The ex-dividend date is Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s payout ratio is 27.16%.

Insider Buying and Selling at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of ITT 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the transaction, the insider owned 8,729 shares of the company’s stock, valued at $1,817,988.83. This trade represents a 44.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 70,773 shares of company stock worth $13,624,470. Insiders own 0.88% of the company’s stock.

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.