Man Group plc acquired a new position in ITT Inc. (NYSE:ITT – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,269 shares of the conglomerate’s stock, valued at approximately $3,811,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ITT. Andina Capital Management LLC lifted its stake in shares of ITT by 1.6% in the 4th quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after acquiring an additional 49 shares during the period. Kestra Private Wealth Services LLC raised its holdings in ITT by 2.8% during the first quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after purchasing an additional 52 shares in the last quarter. Whittier Trust Co. boosted its stake in ITT by 5.1% during the 1st quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock valued at $207,000 after purchasing an additional 52 shares in the last quarter. Toronto Dominion Bank increased its position in shares of ITT by 2.2% during the 4th quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock valued at $430,000 after purchasing an additional 53 shares during the period. Finally, Stephens Inc. AR increased its position in shares of ITT by 3.8% during the 4th 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 period. Institutional investors own 91.59% of the company’s stock.
Analyst Upgrades and Downgrades
ITT has been the topic of several research reports. KeyCorp boosted their price target on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings downgraded shares of ITT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. BMO Capital Markets reissued an “outperform” rating and set a $273.00 target price on shares of ITT in a research note on Friday, August 7th. Robert W. Baird set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. Finally, DA Davidson lifted their price target on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.08.
Insider Transactions at ITT
In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of the 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 sale, the chief accounting officer owned 7,159 shares in the company, valued at $1,535,891.86. This represents a 8.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is currently owned by insiders.
ITT Trading Down 0.1%
Shares of NYSE ITT opened at $202.80 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. ITT Inc. has a one year low of $166.96 and a one year high of $230.32. The business has a 50-day moving average price of $200.18 and a two-hundred day moving average price of $199.70. The firm has a market capitalization of $18.13 billion, a PE ratio of 39.76, a PEG ratio of 1.66 and a beta of 1.27.
ITT (NYSE:ITT – Get Free Report) last issued its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm’s quarterly revenue was up 51.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 EPS. 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 fiscal year.
ITT Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be paid a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio is currently 30.20%.
ITT Company Profile
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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