Jefferies Financial Group Inc. Takes Position in ITT Inc. $ITT

Jefferies Financial Group Inc. acquired a new position in ITT Inc. (NYSE:ITT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,250 shares of the conglomerate’s stock, valued at approximately $7,564,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in ITT in the second quarter worth about $1,715,593,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of ITT by 55,929.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after buying an additional 1,515,695 shares during the period. Findlay Park Partners LLP purchased a new position in shares of ITT during the 2nd quarter valued at about $276,395,000. Norges Bank bought a new position in shares of ITT during the 4th quarter valued at approximately $194,884,000. Finally, Bank of America Corp DE bought a new position in shares of ITT during the 2nd quarter valued at approximately $173,436,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ITT

In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was 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 in the company, valued at $1,535,891.86. This trade represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.88% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ITT has been the topic of a number of recent analyst reports. KeyCorp raised their target price on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings lowered shares of ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Stifel Nicolaus increased their price objective on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Robert W. Baird set a $246.00 target price on shares of ITT in a research note on Thursday, May 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $273.00 target price on shares of ITT in a report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $241.08.

ITT Trading Down 1.2%

ITT stock opened at $207.90 on Friday. ITT Inc. has a 1 year low of $166.96 and a 1 year high of $230.32. The firm’s 50 day moving average price is $200.06 and its 200-day moving average price is $199.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85. The stock has a market cap of $18.59 billion, a P/E ratio of 40.77, a PEG ratio of 1.72 and a beta of 1.27.

ITT (NYSE:ITT) last issued its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, equities analysts predict that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s dividend payout ratio is 30.20%.

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.