TimesSquare Capital Management LLC Purchases New Shares in ITT Inc. $ITT

Key Points

• TimesSquare Capital Management acquired 186,349 ITT shares worth approximately $36.9 million, giving it a 0.21% stake. Institutional investors collectively own 91.59% of the company.
• ITT reported quarterly EPS of $2.08, beating estimates of $1.92, 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 favorable outlook, with 11 Buy ratings and one Hold rating and a consensus price target of $241.08. ITT also declared a quarterly dividend of $0.386 per share, representing a 0.7% annualized yield.

TimesSquare Capital Management LLC acquired a new stake in shares of ITT Inc. (NYSE:ITT - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 186,349 shares of the conglomerate's stock, valued at approximately $36,852,000. TimesSquare Capital Management LLC owned 0.21% of ITT at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ITT. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of ITT in the 2nd quarter worth about $28,000. Elyxium Wealth LLC purchased a new position in shares of ITT during the fourth quarter valued at about $29,000. Bayban bought a new position in ITT in the fourth quarter worth about $31,000. Parkside Financial Bank & Trust raised its stake in ITT by 62.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate's stock worth $34,000 after buying an additional 76 shares in the last quarter. Finally, Entrust Financial LLC purchased a new stake in ITT in the fourth quarter worth about $36,000. 91.59% of the stock is currently owned by institutional investors.

ITT Price Performance

Shares of ITT opened at $219.56 on Tuesday. The stock has a market cap of $19.63 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27. 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 Inc. has a fifty-two week low of $164.00 and a fifty-two week high of $230.32. The firm's 50-day simple moving average is $197.07 and its two-hundred day simple moving average is $198.52.

ITT (NYSE:ITT - Get Free Report) last released its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) 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 firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the business earned $1.64 earnings per share. The business'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. Analysts anticipate that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. KeyCorp lifted their price objective on ITT from $250.00 to $263.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Wolfe Research raised ITT from a "peer perform" rating to an "outperform" rating and set a $229.00 target price for the company in a research report on Thursday, July 9th. Wall Street Zen cut ITT from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. DA Davidson lifted their price target on ITT from $255.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. Finally, Citigroup increased their price objective on ITT from $254.00 to $267.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $241.08.

Insider Transactions at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $214.54, for a total value of $150,178.00. Following the sale, the chief accounting officer directly owned 7,159 shares of the company's stock, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.88% of the company's stock.

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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