GSA Capital Partners LLP Buys New Holdings in ITT Inc. $ITT

GSA Capital Partners LLP acquired a new stake in ITT Inc. (NYSE:ITT) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 4,219 shares of the conglomerate’s stock, valued at approximately $754,000.

A number of other hedge funds have also recently modified their holdings of ITT. Norges Bank acquired a new stake in shares of ITT during the 2nd quarter worth approximately $140,815,000. AQR Capital Management LLC increased its stake in shares of ITT by 47.4% during the second quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate’s stock worth $86,993,000 after purchasing an additional 178,539 shares in the last quarter. Invesco Ltd. raised its holdings in shares of ITT by 14.2% during the second quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate’s stock valued at $171,690,000 after acquiring an additional 135,768 shares during the last quarter. Raymond James Financial Inc. raised its stake in ITT by 23.9% in the 2nd quarter. Raymond James Financial Inc. now owns 590,874 shares of the conglomerate’s stock valued at $92,667,000 after purchasing an additional 114,150 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in shares of ITT by 287.0% in the third quarter. Voya Investment Management LLC now owns 127,865 shares of the conglomerate’s stock valued at $22,857,000 after buying an additional 94,823 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Trading Up 1.1%

ITT opened at $206.52 on Friday. The business’s 50 day moving average is $185.46 and its two-hundred day moving average is $179.84. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $207.98. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.06. ITT had a net margin of 12.39% and a return on equity of 17.74%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business earned $1.50 EPS. ITT’s quarterly revenue was up 13.5% compared to the same quarter last year. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, research analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. This is a boost from ITT’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 6th. ITT’s dividend payout ratio (DPR) is currently 22.91%.

Analysts Set New Price Targets

A number of brokerages recently commented on ITT. KeyCorp lifted their price objective on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Citigroup raised their target price on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a report on Monday, February 9th. Stifel Nicolaus boosted their price target on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a research report on Sunday. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ITT presently has a consensus rating of “Buy” and an average price target of $216.11.

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.