Ieq Capital LLC Invests $6.91 Million in ITT Inc. $ITT

Ieq Capital LLC bought a new stake in ITT Inc. (NYSE:ITTFree Report) during the second quarter, HoldingsChannel.com reports. The fund bought 34,958 shares of the conglomerate’s stock, valued at approximately $6,913,000.

A number of other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in ITT during the second quarter worth $28,000. Trust Co. of Vermont bought a new position in shares of ITT in the 2nd quarter valued at about $33,000. Elyxium Wealth LLC acquired a new stake in shares of ITT in the fourth quarter valued at about $29,000. Bayban bought a new stake in ITT during the fourth quarter worth about $31,000. Finally, Parkside Financial Bank & Trust grew its stake in 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 purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Activity

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT 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 transaction, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at $1,535,891.86. This trade represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.88% of the company’s stock.

ITT Trading Up 0.1%

Shares of ITT stock opened at $208.23 on Monday. ITT Inc. has a 12-month low of $165.82 and a 12-month high of $230.32. The firm has a 50 day moving average price of $199.02 and a two-hundred day moving average price of $199.34. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $18.62 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 1.70 and a beta of 1.27.

ITT (NYSE:ITTGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned $1.64 EPS. The company’s quarterly revenue was up 51.5% compared to the same quarter last year. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, analysts predict that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be issued a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is currently 30.20%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings downgraded ITT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective for the company in a research report on Thursday, July 9th. DA Davidson upped their target price on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Stifel Nicolaus lifted their price target on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $273.00 price objective on shares of ITT in a research note on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.08.

View Our Latest Stock Analysis on ITT

ITT Profile

(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.

See Also

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Institutional Ownership by Quarter for ITT (NYSE:ITT)

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