Border to Coast Pensions Partnership Ltd Takes $20.78 Million Position in ITT Inc. $ITT

Border to Coast Pensions Partnership Ltd purchased a new stake in ITT Inc. (NYSE:ITT) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 108,740 shares of the conglomerate’s stock, valued at approximately $20,782,000. Border to Coast Pensions Partnership Ltd owned 0.12% of ITT as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Amundi grew its position in shares of ITT by 22,565.6% in the first quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after purchasing an additional 7,221 shares during the period. Goldman Sachs Group Inc. raised its position in shares of ITT by 7.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after purchasing an additional 28,937 shares during the last quarter. Empowered Funds LLC purchased a new position in ITT in the 1st quarter valued at about $360,000. Focus Partners Wealth lifted its stake in ITT by 80.7% in the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after buying an additional 3,515 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in ITT in the 2nd quarter worth about $1,880,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Trading Down 3.4%

ITT opened at $193.20 on Friday. The firm has a market capitalization of $17.27 billion, a price-to-earnings ratio of 34.07, a price-to-earnings-growth ratio of 1.81 and a beta of 1.27. The company’s 50 day simple moving average is $200.99 and its two-hundred day simple moving average is $193.24. ITT Inc. has a 1-year low of $154.29 and a 1-year high of $225.26. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01.

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

ITT Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on ITT shares. The Goldman Sachs Group started coverage on ITT in a report on Tuesday, March 31st. They set a “buy” rating and a $270.00 target price for the company. BMO Capital Markets assumed coverage on ITT in a research report on Friday, March 27th. They set an “outperform” rating and a $233.00 price target for the company. DA Davidson increased their price objective on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Weiss Ratings lowered 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 research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $234.91.

Insiders Place Their Bets

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

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.