GREENWICH, Conn., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, will host its 36th Annual Pump, Valve, & Water Systems Symposium at Convene 530 Fifth Avenue in New York, NY on Thursday, February 26th, 2026. The event will feature discussions with leading companies and organizations across the industrial landscape, with an emphasis on critical infrastructure, aerospace and defense, machine tools, and the oil and gas industry. Attendees will also have the opportunity to meet with management in a one-o ...

Core Viewpoint - ITT Inc. is set to release its fourth quarter and full year 2025 financial results along with its 2026 outlook on February 5, 2026, before the New York Stock Exchange opens [1]. Group 1: Financial Results and Outlook - The financial results for the fourth quarter and full year 2025 will be discussed in a conference call scheduled for 8:30 a.m. ET on February 5, 2026 [1]. - A real-time audio webcast of the presentation will be available, along with related materials prior to the presentation [2]. Group 2: Company Overview - ITT is a diversified manufacturer specializing in highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets [3]. - The company is headquartered in Stamford, Connecticut, and operates in over 35 countries with sales in approximately 125 countries [3].

Core Viewpoint - Investors are evaluating which stock between Grupo Cibest (CIB) and ITT (ITT) offers better value for investment, with CIB currently showing stronger potential based on various financial metrics [1]. Group 1: Zacks Rank and Earnings Outlook - Grupo Cibest has a Zacks Rank of 1 (Strong Buy), indicating a more favorable earnings outlook compared to ITT, which has a Zacks Rank of 3 (Hold) [3]. - The Zacks Rank is based on positive estimate revision trends, suggesting that CIB has experienced a stronger improvement in its earnings outlook than ITT [2][3]. Group 2: Valuation Metrics - CIB has a forward P/E ratio of 8.29, significantly lower than ITT's forward P/E of 26.62, indicating that CIB may be undervalued relative to ITT [5]. - The PEG ratio for CIB is 0.83, while ITT's PEG ratio is 2.11, suggesting that CIB's stock price is more favorable when considering expected earnings growth [5]. - CIB's P/B ratio is 1.79, compared to ITT's P/B of 5.18, further highlighting CIB's relative undervaluation [6]. Group 3: Value Grades - Based on various valuation metrics, CIB holds a Value grade of B, while ITT has a Value grade of D, indicating that CIB is perceived as a better investment option for value investors [6].

Core Viewpoint - ITT Inc. has received reaffirmation of its investment grade credit ratings from major ratings agencies following its agreement to acquire SPX FLOW and the completion of a $1.31 billion public offering of common stock [1][2]. Group 1: Credit Ratings Reaffirmation - Moody's affirmed ITT's senior unsecured rating at Baa1 and commercial paper rating at Prime-2, both with a stable outlook, citing ITT's diversified operating model, consistent earnings, and strong cash generation [4]. - S&P Global Ratings affirmed its BBB issuer credit rating and A-2 short-term rating for ITT, noting that ITT's history of prudent capital management supports the stable outlook despite a near-term rise in leverage [4]. - Fitch Ratings affirmed ITT's BBB+ long-term Issuer Default Rating and F1 short-term rating, both with a stable outlook, highlighting ITT's conservative capital structure, strong free cash flow, and commitment to reducing leverage below 2x within two years post-acquisition [4]. Group 2: Financial Strategy and Position - ITT has successfully completed a $1.31 billion equity offering, strengthening its balance sheet to fund the SPX FLOW acquisition [2]. - The company is committed to deleveraging quickly by implementing a synergy plan and enabling SPX FLOW's growth to maintain its investment grade ratings [2]. - ITT's strong financial position and focus on execution are positioned for long-term value creation [2]. Group 3: Company Overview - ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets [3]. - The company is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries [3].

Core Viewpoint - The BBH Select Series - Mid Cap Fund experienced a decline in Q3 2025, underperforming the Russell Midcap Index, which indicates challenges in the mid-cap investment space during this period [1]. Fund Performance - The fund decreased by -0.9% on a total return basis in Q3 2025, while the Russell Midcap Index returned 5.3% [1]. - Year-to-date, the fund has a total return of -1.8%, compared to a 10.4% return for the Index [1]. - The third quarter saw a continuation of a low-quality rally that began late last year, gaining momentum throughout 2025 [1]. Company Focus: ITT Inc. - ITT Inc. (NYSE:ITT) was highlighted as a key stock in the fund's Q3 2025 investor letter [2]. - The one-month return for ITT Inc. was -6.97%, but it gained 12.95% over the last 52 weeks [2]. - As of December 10, 2025, ITT Inc. closed at $171.87 per share, with a market capitalization of $14.607 billion [2]. Investment Decisions - The fund initiated two new positions in Q3 2025: ITT Inc. and BJ's Wholesale Club Holdings Inc. [3]. - The fund exited positions in Globant, Bruker, and Bright Horizons Family Solutions Inc. during the same quarter [3].

Core Viewpoint - ITT Inc. has successfully closed a public offering of 8,050,000 shares of common stock, raising approximately $1.31 billion in net proceeds, which will primarily fund the acquisition of SPX FLOW, Inc. [1][2] Group 1: Offering Details - The public offering price was set at $167.00 per share, including the full exercise of the underwriters' option to purchase an additional 1,050,000 shares [1] - Goldman Sachs & Co. LLC and UBS Investment Bank served as lead book-running managers for the offering, with several other banks acting as additional bookrunners and co-managers [3] Group 2: Use of Proceeds - The net proceeds from the offering are intended to fund a portion of the acquisition of SPX FLOW, Inc. If the acquisition does not proceed, the funds will be allocated for general corporate purposes [2] Group 3: Company Overview - ITT is a diversified manufacturer specializing in critical components and customized technology solutions for transportation, industrial, and energy markets, with a global presence in over 35 countries [6]

Core Viewpoint - ITT Inc (NYSE: ITT) offers a modest dividend that may not attract income investors focused on high yields, but the underlying financial metrics indicate a strong level of safety [1] Financial Performance - The company’s dividend, while not high, reflects a stable financial position, suggesting that it is well-managed and capable of sustaining its payouts [1] Investment Considerations - The safety of the dividend is underscored by the company's financial health, making it a potentially attractive option for conservative investors [1]

Core Viewpoint - ITT Inc. has announced a public offering of 7,000,000 shares of common stock at a price of $167.00 per share, with an additional option for underwriters to purchase up to 1,050,000 shares [1][2] Group 1: Offering Details - The estimated net proceeds from the offering are approximately $1.14 billion after deducting underwriting discounts and commissions, which will be used to fund a portion of the acquisition of SPX FLOW, Inc. [2] - The offering is expected to close on December 10, 2025, subject to customary closing conditions [1][2] - Goldman Sachs & Co. LLC and UBS Investment Bank are acting as lead book-running managers for the offering [3] Group 2: Regulatory Information - The offering is made pursuant to an automatic shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) [4] - The preliminary prospectus supplement and accompanying base prospectus have been filed with the SEC and are available on the SEC's website [4] Group 3: Company Overview - ITT is a diversified manufacturer of critical components and customized technology solutions for transportation, industrial, and energy markets [6] - The company is headquartered in Stamford, Connecticut, and operates in over 35 countries with sales in approximately 125 countries [6]

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Core Viewpoint - ITT has announced a definitive agreement to acquire SPX FLOW, indicating a strategic move to enhance its market position and capabilities in the industrial process sector [1]. Group 1: Acquisition Details - The acquisition of SPX FLOW was discussed during a conference call, highlighting the importance of this transaction for ITT [1]. - Key executives from ITT, including the CEO, CFO, and Chief Strategy Officer, participated in the call to provide insights into the acquisition [1]. Group 2: Forward-Looking Statements - The company has indicated that the comments made during the call will include forward-looking statements based on current expectations, which may differ from actual results due to various risks and uncertainties [2].