Susquehanna Fundamental Investments LLC Buys 86,366 Shares of ITT Inc. $ITT

Susquehanna Fundamental Investments LLC lifted its stake in ITT Inc. (NYSE:ITT) by 342.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 111,619 shares of the conglomerate’s stock after purchasing an additional 86,366 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in ITT were worth $22,074,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Capital International Investors raised its holdings in ITT by 3.0% during the 4th quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock valued at $1,526,421,000 after buying an additional 258,936 shares during the period. BlackRock Inc. purchased a new position in ITT during the second quarter worth $1,715,593,000. State Street Corp increased its position in ITT by 7.4% during the fourth quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock valued at $441,880,000 after acquiring an additional 175,367 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of ITT by 15.6% in the fourth quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock valued at $280,267,000 after acquiring an additional 217,360 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of ITT by 55,929.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after acquiring an additional 1,515,695 shares during the period. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ITT shares. DA Davidson lifted their price target on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Citigroup boosted their target price on ITT from $254.00 to $267.00 and gave the company a “buy” 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 on the stock in a research note on Thursday, July 9th. Robert W. Baird set a $246.00 price target on ITT in a report on Thursday, May 7th. Finally, Barclays raised their price target on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $241.08.

ITT Price Performance

ITT stock opened at $202.80 on Monday. The stock has a market cap of $18.13 billion, a price-to-earnings ratio of 39.76, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85. ITT Inc. has a 1 year low of $166.96 and a 1 year high of $230.32. The firm has a 50-day moving average of $200.18 and a two-hundred day moving average of $199.70.

ITT (NYSE:ITT) last issued its 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 net margin of 8.90% and a return on equity of 15.90%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company posted $1.64 earnings per share. The company’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. On average, research analysts forecast that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is presently 30.20%.

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the completion of the sale, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.88% of the stock is currently owned by company insiders.

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.