TimesSquare Capital Management LLC Buys 21,200 Shares of ITT Inc. $ITT

TimesSquare Capital Management LLC increased its stake in ITT Inc. (NYSE:ITT) by 10.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 226,700 shares of the conglomerate’s stock after acquiring an additional 21,200 shares during the period. TimesSquare Capital Management LLC’s holdings in ITT were worth $39,335,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. iSAM Funds UK Ltd bought a new position in ITT in the 3rd quarter worth approximately $2,113,000. Chesapeake Capital Corp IL bought a new position in ITT in the 3rd quarter worth approximately $1,125,000. Brown Brothers Harriman & Co. raised its position in ITT by 86,878.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock worth $47,889,000 after purchasing an additional 267,585 shares during the last quarter. Regents Gate Capital LLP bought a new stake in shares of ITT during the 3rd quarter valued at $9,381,000. Finally, Mawer Investment Management Ltd. raised its position in shares of ITT by 23.6% during the 3rd quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock valued at $72,026,000 after acquiring an additional 76,841 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

ITT has been the subject of several recent research reports. DA Davidson upped their target price on shares of ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Robert W. Baird set a $246.00 target price on shares of ITT in a research report on Thursday, May 7th. BMO Capital Markets initiated coverage on shares of ITT in a research report on Friday, March 27th. They set an “outperform” rating and a $233.00 target price for the company. Barclays upped their target price on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, ITT presently has a consensus rating of “Moderate Buy” and an average price target of $234.91.

ITT Stock Performance

Shares of ITT stock opened at $194.95 on Tuesday. The firm has a fifty day moving average of $201.64 and a two-hundred day moving average of $191.48. The stock has a market capitalization of $17.43 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 1.83 and a beta of 1.32. ITT Inc. has a 52 week low of $145.41 and a 52 week high of $225.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53.

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

ITT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be issued a $0.386 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is 27.16%.

Insider Activity

In other news, insider Lori B. Marino sold 7,123 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the completion of the transaction, the insider owned 8,729 shares of the company’s stock, valued at $1,817,988.83. The trade was a 44.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Luca Savi sold 63,450 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the transaction, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at $50,028,284.26. This trade represents a 19.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 70,773 shares of company stock valued at $13,624,470 in the last quarter. Company insiders own 0.88% of the company’s stock.

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.