Bull Harbor Capital LLC bought a new stake in shares of ITT Inc. (NYSE:ITT – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,963 shares of the conglomerate’s stock, valued at approximately $946,000.
Several other institutional investors have also recently made changes to their positions in the company. Strategic Investment Advisors MI bought a new position in shares of ITT during the first quarter valued at approximately $229,000. Amundi raised its holdings in ITT by 1,215.2% in the 1st quarter. Amundi now owns 240,490 shares of the conglomerate’s stock worth $45,821,000 after purchasing an additional 222,204 shares during the period. EverSource Wealth Advisors LLC grew its holdings in ITT by 152.9% during the first quarter. EverSource Wealth Advisors LLC now owns 2,461 shares of the conglomerate’s stock valued at $469,000 after purchasing an additional 1,488 shares during the period. California State Teachers Retirement System raised its stake in ITT by 23.8% during the 1st quarter. California State Teachers Retirement System now owns 101,016 shares of the conglomerate’s stock worth $19,247,000 after acquiring an additional 19,397 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of ITT by 16.6% in the first quarter. Royal Bank of Canada now owns 147,549 shares of the conglomerate’s stock valued at $28,111,000 after acquiring an additional 21,045 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.
Insider Activity at ITT
In other ITT news, insider Lori B. Marino sold 7,123 shares of the company’s stock in a transaction that occurred on 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 sale, the insider owned 8,729 shares in the company, valued at approximately $1,817,988.83. This represents a 44.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.88% of the company’s stock.
ITT Stock Up 1.1%
ITT (NYSE:ITT – Get Free Report) last issued its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Analysts anticipate that ITT Inc. will post 7.89 EPS for the current year.
ITT Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 8th were issued a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, June 8th. ITT’s dividend payout ratio is 27.16%.
Analyst Upgrades and Downgrades
Several brokerages have commented on ITT. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Robert W. Baird set a $246.00 price target on ITT in a research note on Thursday, May 7th. Stifel Nicolaus lifted their price objective on shares of ITT from $246.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 20th. Barclays boosted their target price on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Finally, Weiss Ratings downgraded shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, ITT presently has a consensus rating of “Moderate Buy” and an average target price of $234.75.
Read Our Latest Analysis on ITT
ITT News Roundup
Here are the key news stories impacting ITT this week:
- Positive Sentiment: Analysts still expect ITT’s earnings to grow, with the consensus forecast calling for approximately $7.89 in current-year EPS and $8.99 in FY2027 EPS. What is Zacks Research’s Estimate for ITT FY2028 Earnings?
- Neutral Sentiment: ITT is expected to report quarterly results next Thursday. The release could provide a near-term catalyst as investors assess whether strong earnings growth and the company’s FY2026 guidance of $7.70-$8.00 EPS remain achievable. ITT Expected to Post Earnings on Thursday
- Negative Sentiment: Zacks said ITT lacks the combination of positive earnings surprises and upward estimate revisions that typically supports a likely earnings beat. That may limit enthusiasm heading into the report. ITT Earnings Expected to Grow
- Negative Sentiment: Zacks Research made a series of small downward revisions, including reducing FY2026 EPS to $7.87 from $7.88 and FY2027 EPS to $8.99 from $9.03. Quarterly estimates for Q2 2027 through Q2 2028 were also trimmed, signaling slightly softer expectations. ITT analyst estimate revisions
- Negative Sentiment: A valuation-focused report characterized ITT as overvalued despite a high GF Score of 91 out of 100. The stock’s elevated valuation increases its sensitivity to any earnings miss or cautious outlook. ITT Stock Down but Still Overvalued
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.
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