Ieq Capital LLC Invests $6.91 Million in ITT Inc. $ITT

Ieq Capital LLC purchased a new stake in ITT Inc. (NYSE:ITT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 34,958 shares of the conglomerate’s stock, valued at approximately $6,913,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of ITT in the 2nd quarter worth about $28,000. Elyxium Wealth LLC bought a new stake in ITT during the fourth quarter worth about $29,000. Bayban acquired a new stake in shares of ITT during the fourth quarter worth approximately $31,000. Trust Co. of Vermont acquired a new position in shares of ITT in the 2nd quarter worth approximately $33,000. Finally, Parkside Financial Bank & Trust grew its position in ITT by 62.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 76 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on ITT. Robert W. Baird set a $246.00 price objective on ITT in a research note on Thursday, May 7th. BMO Capital Markets restated an “outperform” rating and issued a $273.00 price objective on shares of ITT in a research report on Friday, August 7th. KeyCorp upped their target price on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. DA Davidson raised their price target on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings downgraded ITT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.08.

Insider Activity

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 sale, the chief accounting officer owned 7,159 shares of the company’s stock, valued at $1,535,891.86. This trade represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.88% of the stock is owned by company insiders.

ITT Stock Performance

Shares of ITT stock opened at $208.23 on Monday. The firm has a fifty day moving average of $199.02 and a two-hundred day moving average of $199.34. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 40.83, a PEG ratio of 1.70 and a beta of 1.27. ITT Inc. has a 52 week low of $165.82 and a 52 week high of $230.32.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%.The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm earned $1.64 earnings per share. The firm’s quarterly revenue was up 51.5% compared to the same quarter last year. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, equities research analysts predict that ITT Inc. will post 8.25 EPS for the current year.

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be paid a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s payout ratio is presently 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.