The Manufacturers Life Insurance Company Makes New Investment in ITT Inc. $ITT

The Manufacturers Life Insurance Company acquired a new position in ITT Inc. (NYSE:ITT) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 48,355 shares of the conglomerate’s stock, valued at approximately $9,563,000.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of ITT during the 2nd quarter worth about $2,285,000. Diversified Trust Co bought a new position in ITT during the 1st quarter worth approximately $2,478,000. TimesSquare Capital Management LLC grew its holdings in ITT by 10.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 226,700 shares of the conglomerate’s stock valued at $39,335,000 after purchasing an additional 21,200 shares during the period. Payden & Rygel increased its stake in ITT by 34.7% in the fourth quarter. Payden & Rygel now owns 112,500 shares of the conglomerate’s stock valued at $19,520,000 after purchasing an additional 29,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in ITT by 15.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 110,200 shares of the conglomerate’s stock worth $21,264,000 after purchasing an additional 15,004 shares during the period. 91.59% of the stock is currently owned by institutional investors.

ITT Trading Down 2.5%

ITT stock opened at $202.80 on Friday. The stock has a 50-day simple moving average of $200.18 and a 200 day simple moving average of $199.70. The stock has a market capitalization of $18.13 billion, a P/E ratio of 39.76, a PEG ratio of 1.66 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. ITT Inc. has a 52 week low of $166.96 and a 52 week high of $230.32.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, beating the consensus estimate of $1.92 by $0.16. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the company earned $1.64 earnings per share. The company’s quarterly revenue was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Analysts expect that ITT Inc. will post 8.25 earnings per share 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 paid a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s payout ratio is 30.20%.

Insiders Place Their Bets

In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the completion of the transaction, the chief accounting officer directly owned 7,159 shares in the company, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.88% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ITT shares. Robert W. Baird set a $246.00 target price on ITT in a research note on Thursday, May 7th. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson upped their target price on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Weiss Ratings downgraded ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Finally, Citigroup upped their price objective on ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $241.08.

Key Headlines Impacting ITT

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.

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.