Moore Capital Management LP Invests $21.21 Million in ITT Inc. $ITT

Moore Capital Management LP acquired a new position in ITT Inc. (NYSE:ITTFree Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 122,225 shares of the conglomerate’s stock, valued at approximately $21,207,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in shares of ITT in the fourth quarter valued at about $29,000. Parkside Financial Bank & Trust increased its position in shares of ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 76 shares during the last quarter. Entrust Financial LLC acquired a new stake in shares of ITT in the fourth quarter valued at about $36,000. Triumph Capital Management acquired a new stake in shares of ITT in the third quarter valued at about $37,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of ITT in the third quarter valued at about $43,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Stifel Nicolaus set a $246.00 target price on ITT in a research report on Thursday, May 7th. Weiss Ratings downgraded ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. BMO Capital Markets assumed coverage on shares of ITT in a research report on Friday, March 27th. They set an “outperform” rating and a $233.00 price target on the stock. Barclays upped their price target on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $234.91.

Read Our Latest Stock Analysis on ITT

ITT Stock Performance

NYSE ITT opened at $191.31 on Thursday. The firm has a 50-day moving average of $203.39 and a 200-day moving average of $192.60. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The stock has a market cap of $17.10 billion, a PE ratio of 33.74, a P/E/G ratio of 1.83 and a beta of 1.27. ITT Inc. has a 52-week low of $149.02 and a 52-week high of $225.26.

ITT (NYSE:ITTGet Free Report) last posted its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company posted $1.45 EPS. ITT’s quarterly revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, sell-side analysts anticipate that ITT Inc. will post 7.9 EPS for the current year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be paid a $0.386 dividend. The ex-dividend date is Monday, June 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s dividend payout ratio is 27.16%.

Insider Activity

In related news, CAO Mesa Graziano Cheryl De sold 200 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value of $41,682.00. Following the transaction, the chief accounting officer directly owned 7,859 shares in the company, valued at approximately $1,637,894.19. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lori B. Marino sold 7,123 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the completion of the transaction, the insider owned 8,729 shares in the company, valued at $1,817,988.83. This trade represents a 44.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.88% of the company’s stock.

About ITT

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ITT (NYSE:ITT)

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