39,216 Shares in ITT Inc. $ITT Bought by PEAK6 LLC

Key Points

• PEAK6 LLC acquired 39,216 ITT shares during the second quarter, valued at approximately $7.8 million. Institutional investors and hedge funds collectively own 91.59% of ITT.
• Analysts remain broadly positive, with 10 Buy ratings and two Holds; ITT has a “Moderate Buy” consensus rating and an average price target of $241.08.
• ITT reported stronger-than-expected quarterly results, with EPS of $2.08 and revenue of $1.47 billion, up 51.5% year over year. The company also declared a quarterly dividend of $0.386 per share, equivalent to a 0.7% annualized yield.

PEAK6 LLC purchased a new position in shares of ITT Inc. (NYSE:ITT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,216 shares of the conglomerate's stock, valued at approximately $7,755,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new position in ITT during the 2nd quarter worth $1,715,593,000. Northwestern Mutual Wealth Management Co. grew its position in shares of ITT by 55,929.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate's stock valued at $263,458,000 after buying an additional 1,515,695 shares during the last quarter. Findlay Park Partners LLP acquired a new stake in shares of ITT in the second quarter valued at about $276,395,000. Norges Bank acquired a new stake in shares of ITT in the fourth quarter valued at about $194,884,000. Finally, Vanguard Group Inc. raised its position in shares of ITT by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate's stock worth $1,467,976,000 after acquiring an additional 620,217 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ITT. Citigroup upped their target price on ITT from $254.00 to $267.00 and gave the company a "buy" rating in a report on Friday, August 7th. DA Davidson boosted their price target on shares of ITT from $255.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Stifel Nicolaus upped their price objective on shares of ITT from $246.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, July 20th. KeyCorp lifted 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. Finally, Robert W. Baird set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $241.08.

ITT Price Performance

Shares of ITT opened at $208.23 on Monday. The firm has a market cap of $18.62 billion, a PE ratio of 40.83, a price-to-earnings-growth 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. The business's 50 day moving average price is $199.02 and its two-hundred day moving average price is $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.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.16. ITT had a net margin of 8.90% and a return on equity of 15.90%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business posted $1.64 EPS. ITT's revenue for the quarter was up 51.5% compared to the same quarter last year. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, equities analysts anticipate that ITT Inc. will post 8.25 EPS for the current year.

ITT Dividend Announcement

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

Insider Buying and Selling at ITT

In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $214.54, for a total transaction of $150,178.00. Following the transaction, the chief accounting officer owned 7,159 shares of the company's stock, valued at $1,535,891.86. This represents a 8.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.88% of the company's stock.

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.

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