Quantbot Technologies LP Buys New Shares in ITT Inc. $ITT

Quantbot Technologies LP acquired a new stake in ITT Inc. (NYSE:ITT) in the second quarter, HoldingsChannel reports. The fund acquired 16,267 shares of the conglomerate’s stock, valued at approximately $3,217,000.

Other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of ITT in the second quarter valued at $28,000. Elyxium Wealth LLC acquired a new position in shares of ITT in the fourth quarter valued at about $29,000. Bayban bought a new stake in ITT in the 4th quarter valued at about $31,000. Trust Co. of Vermont acquired a new position in shares of ITT during the 2nd quarter worth approximately $33,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 76 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the transaction, the chief accounting officer directly owned 7,159 shares in the company, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.88% of the company’s stock.

ITT Stock Up 0.1%

ITT stock opened at $208.23 on Monday. The firm has a market capitalization of $18.62 billion, a price-to-earnings ratio of 40.83, a price-to-earnings-growth ratio of 1.70 and a beta of 1.27. The firm’s fifty day moving average price is $199.02 and its two-hundred day moving average price is $199.34. ITT Inc. has a 1-year low of $165.82 and a 1-year high of $230.32. 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 (NYSE:ITT) last announced its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.16. The business had revenue of $1.47 billion during 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%.ITT’s revenue was up 51.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, equities research analysts predict that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be given a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is presently 30.20%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ITT shares. DA Davidson boosted their price target on ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Barclays increased their target price on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price on the stock in a report on Thursday, July 9th. Finally, Weiss Ratings cut ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $241.08.

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.