Pallas Capital Advisors LLC acquired a new position in shares of ITT Inc. (NYSE:ITT – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,481 shares of the conglomerate’s stock, valued at approximately $886,000.
Several other large investors also recently modified their holdings of the stock. Andina Capital Management LLC boosted its holdings in shares of ITT by 1.6% during the 4th quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after buying an additional 49 shares during the period. Kestra Private Wealth Services LLC raised its holdings in ITT by 2.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock valued at $370,000 after acquiring an additional 52 shares during the period. Whittier Trust Co. lifted its position in ITT by 5.1% during the first quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after acquiring an additional 52 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of ITT by 2.2% during the fourth quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after acquiring an additional 53 shares during the period. Finally, Stephens Inc. AR grew its position in shares of ITT by 3.8% in the fourth quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after purchasing an additional 60 shares during the last quarter. 91.59% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. DA Davidson lifted their price target on ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Barclays boosted their price objective on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Stifel Nicolaus increased their target price on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Wolfe Research upgraded ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target for the company in a research note on Thursday, July 9th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $241.08.
ITT Price Performance
ITT stock opened at $218.40 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. ITT Inc. has a 12 month low of $164.00 and a 12 month high of $230.32. The firm has a market cap of $19.52 billion, a P/E ratio of 42.82, a P/E/G ratio of 1.79 and a beta of 1.27. The company’s 50-day moving average price is $197.59 and its two-hundred day moving average price is $198.79.
ITT (NYSE:ITT – Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm’s quarterly revenue was up 51.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, analysts anticipate that ITT Inc. will post 8.25 earnings per share for the current fiscal year.
ITT Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.386 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. ITT’s payout ratio is 30.20%.
Insider Activity at ITT
In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the firm’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 sale, the chief accounting officer directly owned 7,159 shares in the company, valued at approximately $1,535,891.86. This trade represents a 8.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.88% of the company’s stock.
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.
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