Legal & General Group Plc Makes New Investment in ITT Inc. $ITT

Legal & General Group Plc acquired a new stake in shares of ITT Inc. (NYSE:ITT) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 120,637 shares of the conglomerate’s stock, valued at approximately $23,857,000. Legal & General Group Plc owned approximately 0.13% of ITT at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Capital International Investors increased its holdings in ITT by 3.0% in the 4th quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock valued at $1,526,421,000 after acquiring an additional 258,936 shares during the last quarter. BlackRock Inc. bought a new position in shares of ITT during the 2nd quarter valued at about $1,715,593,000. State Street Corp boosted its holdings in shares of ITT by 7.4% during the 4th quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock valued at $441,880,000 after purchasing an additional 175,367 shares during the last quarter. Geode Capital Management LLC grew its position in shares of ITT by 15.6% during the fourth quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock valued at $280,267,000 after purchasing an additional 217,360 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of ITT by 55,929.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after purchasing an additional 1,515,695 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Transactions at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is currently owned by corporate insiders.

ITT Trading Down 2.5%

ITT opened at $202.80 on Friday. The stock has a 50-day moving average of $200.18 and a 200 day moving average of $199.70. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. ITT Inc. has a 12 month low of $166.96 and a 12 month high of $230.32. 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 (NYSE:ITT) last issued its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The company’s quarterly revenue was up 51.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, research analysts forecast that ITT Inc. will post 8.25 EPS for the current year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio is presently 30.20%.

More 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.

Analyst Ratings Changes

ITT has been the subject of a number of research reports. Barclays increased their price target on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. KeyCorp upped their price objective on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Wolfe Research upgraded ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price for the company in a research report on Thursday, July 9th. Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $273.00 price target on shares of ITT in a research report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, ITT presently has an average rating of “Moderate Buy” and a consensus price target of $241.08.

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.