Regents Gate Capital LLP Has $24.46 Million Stock Position in ITT Inc. $ITT

Regents Gate Capital LLP raised its holdings in ITT Inc. (NYSE:ITT) by 139.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 128,378 shares of the conglomerate’s stock after buying an additional 74,712 shares during the quarter. ITT accounts for about 5.2% of Regents Gate Capital LLP’s investment portfolio, making the stock its 5th largest holding. Regents Gate Capital LLP’s holdings in ITT were worth $24,460,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the business. Amundi boosted its holdings in ITT by 22,565.6% in the first quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after acquiring an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of ITT by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after purchasing an additional 28,937 shares during the period. Empowered Funds LLC purchased a new stake in shares of ITT in the 1st quarter worth about $360,000. Focus Partners Wealth boosted its stake in shares of ITT by 80.7% during the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after purchasing an additional 3,515 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of ITT during the 2nd quarter valued at about $1,880,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ITT. Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target for the company in a research note on Thursday, July 9th. DA Davidson lifted their price objective on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, May 11th. BMO Capital Markets initiated coverage on ITT in a research report on Friday, March 27th. They issued an “outperform” rating and a $233.00 target price for the company. KeyCorp raised their target price on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings lowered ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.42.

Insider Activity at ITT

In other ITT news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction on Friday, May 8th. The stock was sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the completion of the transaction, the insider owned 8,729 shares in the company, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the business’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 completion of the sale, the chief accounting officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.88% of the company’s stock.

ITT Trading Down 1.4%

Shares of NYSE ITT opened at $192.62 on Friday. ITT Inc. has a 1 year low of $155.58 and a 1 year high of $225.26. The stock has a market cap of $17.22 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.27. The firm has a 50-day moving average of $193.80 and a 200 day moving average of $194.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01.

ITT (NYSE:ITT) last posted its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping the consensus estimate of $1.77 by $0.21. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. ITT’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, sell-side analysts expect that ITT Inc. will post 7.91 EPS for the current fiscal year.

ITT Dividend Announcement

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

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.