BNP Paribas Financial Markets Boosts Holdings in ITT Inc. $ITT

BNP Paribas Financial Markets raised its holdings in shares of ITT Inc. (NYSE:ITT) by 237.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,050 shares of the conglomerate’s stock after acquiring an additional 123,175 shares during the quarter. BNP Paribas Financial Markets’ holdings in ITT were worth $30,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital International Investors increased its holdings in ITT by 0.5% during the 3rd quarter. Capital International Investors now owns 8,538,229 shares of the conglomerate’s stock valued at $1,526,281,000 after acquiring an additional 38,433 shares in the last quarter. Vanguard Group Inc. lifted its holdings in ITT by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after purchasing an additional 620,217 shares in the last quarter. Geode Capital Management LLC lifted its holdings in ITT by 15.6% in the 4th quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock valued at $280,267,000 after purchasing an additional 217,360 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 valued at $263,458,000 after purchasing an additional 1,515,695 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in ITT by 11.2% in the 3rd quarter. Alliancebernstein L.P. now owns 1,188,219 shares of the conglomerate’s stock valued at $212,406,000 after purchasing an additional 119,601 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Stock Performance

NYSE:ITT opened at $193.31 on Friday. The company has a market cap of $17.28 billion, a P/E ratio of 34.09, a P/E/G ratio of 1.83 and a beta of 1.27. The firm’s 50 day moving average is $203.31 and its two-hundred day moving average is $192.06. ITT Inc. has a fifty-two week low of $149.02 and a fifty-two week high of $225.26. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71.

ITT (NYSE:ITT) last announced its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (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 analysts’ expectations of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Analysts expect that ITT Inc. will post 7.9 EPS for the current year.

ITT Announces Dividend

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

Insider Activity

In other news, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the transaction, the chief accounting officer directly owned 7,859 shares in the company, valued at $1,637,894.19. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the completion of the transaction, the insider owned 8,729 shares in the company, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ITT. Stifel Nicolaus set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. DA Davidson upped their target price on shares of ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. KeyCorp upped their target price on shares of ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings lowered shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, Robert W. Baird set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $234.91.

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.