Susquehanna Fundamental Investments LLC Raises Stock Holdings in ITT Inc. $ITT

Key Points

• Susquehanna Fundamental Investments increased its ITT stake by 342% in the second quarter, adding 86,366 shares to own 111,619 shares valued at approximately $22.1 million. Institutional investors collectively hold 91.59% of ITT.
• ITT reported quarterly EPS of $2.08, beating estimates of $1.92, while revenue rose 51.5% year over year to $1.47 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $241.08.
• ITT declared a quarterly dividend of $0.386 per share, equivalent to an annualized dividend of $1.54 and a 0.8% yield. The company’s shares opened at $202.80, below their 12-month high of $230.32.

Susquehanna Fundamental Investments LLC grew its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 342.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,619 shares of the conglomerate's stock after buying an additional 86,366 shares during the period. Susquehanna Fundamental Investments LLC owned 0.12% of ITT worth $22,074,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ITT. Andina Capital Management LLC lifted its holdings in ITT by 1.6% during the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate's stock valued at $549,000 after purchasing an additional 49 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of ITT by 2.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate's stock valued at $370,000 after buying an additional 52 shares in the last quarter. Whittier Trust Co. boosted its holdings in ITT by 5.1% in the 1st quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate's stock worth $207,000 after buying an additional 52 shares during the period. Toronto Dominion Bank increased its stake in ITT by 2.2% in the 4th quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate's stock worth $430,000 after buying an additional 53 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in ITT by 3.8% in the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate's stock worth $287,000 after buying an additional 60 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

ITT Price Performance

NYSE:ITT opened at $202.80 on Monday. The business's 50-day moving average is $200.18 and its 200 day moving average is $199.70. ITT Inc. has a 12 month low of $166.96 and a 12 month high of $230.32. The company has a market capitalization of $18.13 billion, a P/E ratio of 39.76, a P/E/G ratio of 1.66 and a beta of 1.27. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60.

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

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be given a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT's payout ratio is currently 30.20%.

Analyst Upgrades and Downgrades

ITT has been the topic of several research analyst reports. Barclays boosted their price objective on ITT from $210.00 to $230.00 and gave the company an "equal weight" rating in a research report on Thursday, May 7th. Weiss Ratings cut ITT from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Stifel Nicolaus increased their price objective on shares of ITT from $246.00 to $250.00 and gave the company a "buy" rating in a report on Monday, July 20th. Robert W. Baird set a $246.00 price objective on shares of ITT in a research report on Thursday, May 7th. Finally, Wolfe Research raised shares of ITT from a "peer perform" rating to an "outperform" rating and set a $229.00 target price on the stock in a report on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, ITT currently has a consensus rating of "Moderate Buy" and a consensus price target of $241.08.

Insiders Place Their Bets

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the company's stock in a transaction 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 of the company's stock, valued at $1,535,891.86. This represents a 8.91% decrease in their ownership of the stock. 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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