The Manufacturers Life Insurance Company Buys Shares of 48,355 ITT Inc. $ITT

Posted by Stanley Muller on Aug 30th, 2026

The Manufacturers Life Insurance Company bought a new stake in shares of ITT Inc. (NYSE:ITT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 48,355 shares of the conglomerate’s stock, valued at approximately $9,563,000. The Manufacturers Life Insurance Company owned approximately 0.05% of ITT at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Amundi raised its position in shares of ITT by 22,565.6% during the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after buying an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 acquiring an additional 28,937 shares during the period. Empowered Funds LLC acquired a new position in shares of ITT during the first quarter valued at approximately $360,000. Focus Partners Wealth raised its holdings in ITT by 80.7% during the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock worth $1,017,000 after purchasing an additional 3,515 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in ITT in the second quarter worth approximately $1,880,000. Institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

ITT stock opened at $202.80 on Friday. The firm has a 50 day simple moving average of $200.18 and a 200 day simple moving average of $199.70. ITT Inc. has a 52 week low of $166.96 and a 52 week high of $230.32. The stock has a market cap of $18.13 billion, a P/E ratio of 39.76, a P/E/G ratio of 1.66 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26.

ITT (NYSE:ITT – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The business’s revenue for the quarter was up 51.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Research analysts anticipate that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be given a dividend of $0.386 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s payout ratio is 30.20%.

Analyst Upgrades and Downgrades

ITT has been the topic of a number of research analyst reports. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Stifel Nicolaus upped their price target on shares of ITT from $246.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 20th. Wolfe Research upgraded shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective for the company in a research report on Thursday, July 9th. DA Davidson lifted their price objective on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $273.00 target price on shares of ITT in a report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.08.

Read Our Latest Stock Report on ITT

Insider Buying and Selling

In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the transaction, the chief accounting officer owned 7,159 shares in the company, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.88% of the stock is currently owned by insiders.

Key Headlines Impacting ITT

Here are the key news stories impacting ITT this week:

Positive Sentiment: Zacks raised its FY2026 EPS forecast to $8.27 from $7.87, above the broader consensus estimate of $8.25. The firm also lifted its Q3 and Q4 2026 forecasts to $2.04 and $2.18, respectively. ITT analyst estimates
Positive Sentiment: Longer-term projections also improved: FY2027 EPS increased to $9.08 from $8.99, while FY2028 EPS rose to $10.53 from $10.49. Zacks raised its Q3 2027, Q1 2028 and Q2 2028 estimates as well, signaling improved expectations for ITT’s earnings growth.
Positive Sentiment: The estimate revisions follow ITT’s latest quarterly performance, when the company beat earnings and revenue expectations and reported 51.5% year-over-year revenue growth. Management’s FY2026 guidance calls for EPS of $8.12–$8.32.

ITT Profile

(Free Report)

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.