Quantinno Capital Management LP Acquires 175,567 Shares of ITT Inc. $ITT

Quantinno Capital Management LP grew its stake in shares of ITT Inc. (NYSE:ITT) by 122.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 318,519 shares of the conglomerate’s stock after acquiring an additional 175,567 shares during the period. Quantinno Capital Management LP’s holdings in ITT were worth $60,688,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ITT. Elyxium Wealth LLC purchased a new position in shares of ITT in the fourth quarter valued at $29,000. Bayban purchased a new stake in ITT during the 4th quarter worth about $31,000. Parkside Financial Bank & Trust boosted its stake in ITT by 62.8% in the 4th 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. Entrust Financial LLC bought a new position in ITT in the 4th quarter worth about $36,000. Finally, Triumph Capital Management purchased a new position in ITT during the 3rd quarter valued at about $37,000. 91.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 20th. 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 note on Thursday, July 9th. Barclays upped 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. The Goldman Sachs Group began coverage on shares of ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price on the stock. Finally, Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $234.75.

ITT Trading Up 0.8%

Shares of ITT opened at $199.35 on Wednesday. ITT Inc. has a 1-year low of $157.66 and a 1-year high of $225.26. The company has a market capitalization of $17.82 billion, a P/E ratio of 35.16, a P/E/G ratio of 1.86 and a beta of 1.27. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01. The firm’s 50 day simple moving average is $193.10 and its 200 day simple moving average is $196.02.

ITT (NYSE:ITT) last released its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Sell-side analysts forecast that ITT Inc. will post 7.89 earnings per share for the current fiscal year.

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 8th were given a $0.386 dividend. The ex-dividend date was Monday, June 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s payout ratio is 27.16%.

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the sale, the chief accounting officer owned 7,859 shares in the company, valued at $1,637,894.19. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the sale, the insider directly owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by corporate insiders.

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.