Jupiter Topco LLC Invests $127.87 Million in ITT Inc. $ITT

Key Points

• Jupiter Topco LLC acquired 646,609 ITT shares worth approximately $127.9 million, giving it a 0.72% stake. Institutional investors and hedge funds collectively own 91.59% of the company.
• ITT exceeded quarterly earnings expectations, reporting $2.08 in EPS versus the $1.92 consensus, while revenue rose 51.5% year over year to $1.47 billion. The company issued fiscal 2026 EPS guidance of $8.12–$8.32.
• Analysts maintain a generally positive outlook, with ITT carrying a “Moderate Buy” consensus rating and an average price target of $241.08 versus its reported share price of $210.50. ITT also declared a quarterly dividend of $0.386 per share, representing a 0.7% yield.

Jupiter Topco 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 646,609 shares of the conglomerate's stock, valued at approximately $127,872,000. Jupiter Topco LLC owned about 0.72% of ITT as of its most recent SEC filing.

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

ITT Stock Performance

NYSE:ITT opened at $210.50 on Thursday. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 1.68 and a beta of 1.27. ITT Inc. has a fifty-two week low of $166.96 and a fifty-two week high of $230.32. 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 fifty day moving average price of $199.83 and a 200-day moving average price of $199.68.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.39 billion. During the same quarter last year, the business earned $1.64 earnings per share. ITT's revenue was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, equities analysts anticipate that ITT Inc. will post 8.25 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently declared 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. This represents a $1.54 dividend on an annualized basis 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%.

Insider Buying and Selling at ITT

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were 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 in the company, valued at approximately $1,535,891.86. This trade represents a 8.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.88% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on ITT shares. Barclays upped their price target on shares of ITT from $210.00 to $230.00 and gave the company an "equal weight" rating in a research note on Thursday, May 7th. BMO Capital Markets restated an "outperform" rating and set a $273.00 price objective on shares of ITT in a report on Friday, August 7th. Wall Street Zen downgraded ITT from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Wolfe Research upgraded ITT from a "peer perform" rating to an "outperform" rating and set a $229.00 target price on the stock in a research note on Thursday, July 9th. Finally, DA Davidson lifted their price target on ITT from $255.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $241.08.

ITT 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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