Legal & General Group Plc Buys Shares of 120,637 ITT Inc. $ITT

Legal & General Group Plc bought a new stake in shares of ITT Inc. (NYSE:ITT) during the second quarter, HoldingsChannel.com reports. The fund bought 120,637 shares of the conglomerate’s stock, valued at approximately $23,857,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ITT. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in ITT during the 2nd quarter valued at $28,000. Elyxium Wealth LLC purchased a new stake in ITT in the fourth quarter worth $29,000. Bayban bought a new stake in shares of ITT during the fourth quarter worth $31,000. Trust Co. of Vermont purchased a new stake in shares of ITT during the second quarter valued at $33,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 76 shares during the period. 91.59% of the stock is owned by institutional investors.

Insider Transactions at ITT

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction that occurred on 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 directly owned 7,159 shares of the company’s stock, valued at $1,535,891.86. This trade represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.88% of the stock is currently owned by insiders.

Key ITT News

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.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Stifel Nicolaus boosted their price objective on shares of ITT from $246.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Robert W. Baird set a $246.00 target price on shares of ITT in a research note on Thursday, May 7th. BMO Capital Markets reaffirmed an “outperform” rating and set a $273.00 price target on shares of ITT in a research note on Friday, August 7th. Finally, Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.08.

ITT Stock Performance

Shares of ITT stock opened at $202.80 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average price is $200.18 and its 200-day moving average price is $199.70. The firm 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. ITT Inc. has a 12 month low of $166.96 and a 12 month high of $230.32.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 51.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, equities research analysts expect that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.386 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is currently 30.20%.

ITT Company 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.