Moore Capital Management LP Boosts Stock Position in ITT Inc. $ITT

Moore Capital Management LP lifted its stake in ITT Inc. (NYSE:ITT) by 48.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 173,567 shares of the conglomerate’s stock after purchasing an additional 56,304 shares during the quarter. Moore Capital Management LP’s holdings in ITT were worth $34,325,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ITT. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in ITT in the 2nd quarter valued at $28,000. Trust Co. of Vermont acquired a new stake in shares of ITT in the 2nd quarter worth $33,000. Elyxium Wealth LLC purchased a new position in shares of ITT during the 4th quarter worth $29,000. Bayban purchased a new position in shares of ITT during the 4th quarter worth $31,000. Finally, Parkside Financial Bank & Trust boosted 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 last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Activity at ITT

In related 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 transaction of $150,178.00. Following the completion of the transaction, the chief accounting officer owned 7,159 shares of the company’s stock, 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. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ITT shares. DA Davidson upped their price objective 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 boosted their target price on shares of ITT from $246.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 20th. Robert W. Baird set a $246.00 price target on shares of ITT in a research note on Thursday, May 7th. KeyCorp raised their price target on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $273.00 price target on shares of ITT in a research report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $241.08.

ITT Stock Performance

NYSE ITT opened at $202.80 on Monday. The stock has a fifty day simple moving average of $200.18 and a 200-day simple moving average of $199.70. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The stock has a market cap of $18.13 billion, a PE ratio of 39.76, a P/E/G ratio of 1.66 and a beta of 1.27. ITT Inc. has a twelve month low of $166.96 and a twelve month high of $230.32.

ITT (NYSE:ITT) last posted its earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS 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 analysts’ expectations of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. ITT’s revenue for the quarter 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. Equities analysts anticipate that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be issued a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio is currently 30.20%.

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.