King Luther Capital Management Corp Purchases 53,426 Shares of ITT Inc. $ITT

King Luther Capital Management Corp increased its position in ITT Inc. (NYSE:ITT) by 96.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 108,632 shares of the conglomerate’s stock after purchasing an additional 53,426 shares during the quarter. King Luther Capital Management Corp’s holdings in ITT were worth $19,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. raised its stake in ITT by 14.2% in the second quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate’s stock valued at $171,690,000 after buying an additional 135,768 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in ITT by 5.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 960,394 shares of the conglomerate’s stock valued at $150,619,000 after purchasing an additional 45,826 shares during the last quarter. Norges Bank acquired a new stake in ITT during the 2nd quarter valued at $140,815,000. Ameriprise Financial Inc. boosted its position in ITT by 1.0% during the second quarter. Ameriprise Financial Inc. now owns 786,681 shares of the conglomerate’s stock worth $123,376,000 after purchasing an additional 7,562 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of ITT by 6.2% in the third quarter. Bank of New York Mellon Corp now owns 744,188 shares of the conglomerate’s stock valued at $133,031,000 after purchasing an additional 43,336 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

NYSE:ITT opened at $204.59 on Friday. The stock has a fifty day moving average price of $184.80 and a 200-day moving average price of $179.47. The company has a market cap of $17.59 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 1.91 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $207.98.

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

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be given a dividend of $0.386 per share. This is an increase from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, March 6th. ITT’s dividend payout ratio (DPR) is presently 22.91%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ITT. KeyCorp raised their target price on shares of ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Stifel Nicolaus upped their target price on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Robert W. Baird set a $222.00 price target on ITT in a research note on Friday, February 6th. Wall Street Zen upgraded ITT from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, DA Davidson set a $245.00 target price on shares of ITT in a research report on Monday, February 9th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $216.11.

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.