TD Waterhouse Canada Inc. Raises Holdings in ITT Inc. $ITT

TD Waterhouse Canada Inc. lifted its stake in ITT Inc. (NYSE:ITT) by 85,700.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,438 shares of the conglomerate’s stock after acquiring an additional 9,427 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in ITT were worth $1,637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of ITT. True Wealth Design LLC boosted its stake in shares of ITT by 219.2% in the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after buying an additional 114 shares during the last quarter. Quent Capital LLC purchased a new position in ITT during the third quarter worth approximately $37,000. Triumph Capital Management purchased a new position in ITT during the third quarter worth approximately $37,000. Measured Wealth Private Client Group LLC purchased a new position in ITT during the third quarter worth approximately $43,000. Finally, Bayforest Capital Ltd purchased a new position in ITT during the third quarter worth approximately $46,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In related news, CEO Luca Savi sold 63,450 shares of ITT stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the transaction, the chief executive officer owned 262,354 shares in the company, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ITT. Barclays lowered their price target on ITT from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research report on Tuesday. The Goldman Sachs Group began coverage on ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 price target on the stock. BMO Capital Markets began coverage on ITT in a research report on Friday, March 27th. They set an “outperform” rating and a $233.00 price target on the stock. Finally, KeyCorp increased their price target on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ITT has a consensus rating of “Moderate Buy” and a consensus price target of $225.55.

ITT Price Performance

Shares of ITT stock opened at $219.40 on Friday. The business has a 50 day simple moving average of $199.71 and a two-hundred day simple moving average of $187.69. ITT Inc. has a 12 month low of $131.98 and a 12 month high of $224.12. The stock has a market capitalization of $19.61 billion, a P/E ratio of 35.91, a PEG ratio of 2.04 and a beta of 1.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07.

ITT (NYSE:ITT) last announced its earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, beating 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 business 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 firm earned $1.50 earnings per share. The business’s 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. As a group, analysts predict that ITT Inc. will post 7.9 EPS for the current fiscal year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 6th were given a dividend of $0.386 per share. The ex-dividend date was Friday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. ITT’s dividend payout ratio (DPR) is 25.20%.

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.