ITT Inc. $ITT Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP raised its holdings in shares of ITT Inc. (NYSE:ITT) by 2,444.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 436,889 shares of the conglomerate’s stock after acquiring an additional 419,720 shares during the period. ITT makes up about 0.9% of Engineers Gate Manager LP’s portfolio, making the stock its 9th biggest position. Engineers Gate Manager LP’s holdings in ITT were worth $75,805,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elyxium Wealth LLC purchased a new position in ITT during the fourth quarter valued at approximately $29,000. Parkside Financial Bank & Trust grew its position in shares of ITT by 62.8% during the 4th 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 period. Entrust Financial LLC acquired a new stake in shares of ITT during the 4th quarter valued at about $36,000. Triumph Capital Management acquired a new stake in shares of ITT during the 3rd quarter valued at about $37,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of ITT during the 3rd quarter valued at about $43,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Stock Performance

ITT opened at $191.31 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The company has a market cap of $17.10 billion, a price-to-earnings ratio of 33.74, a PEG 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. The firm’s fifty day simple moving average is $203.39 and its two-hundred day simple moving average is $192.60.

ITT (NYSE:ITT) last announced its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities analysts anticipate that ITT Inc. will post 7.9 earnings per share for the current fiscal year.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be issued a $0.386 dividend. The ex-dividend date is Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is presently 27.16%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ITT shares. Citigroup raised their target price on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Barclays raised their target price on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Stifel Nicolaus set a $246.00 price objective on shares of ITT in a report on Thursday, May 7th. DA Davidson increased their price objective on shares of ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, BMO Capital Markets assumed coverage on shares of ITT in a report on Friday, March 27th. They set an “outperform” rating and a $233.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, ITT has a consensus rating of “Moderate Buy” and a consensus target price of $234.91.

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the transaction, the chief accounting officer owned 7,859 shares in the company, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $208.27, for a total value 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. The trade was a 44.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.88% of the company’s stock.

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.