ITT Inc. $ITT Shares Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC raised its holdings in shares of ITT Inc. (NYSE:ITT) by 17.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,500 shares of the conglomerate’s stock after acquiring an additional 32,212 shares during the period. TimesSquare Capital Management LLC’s holdings in ITT were worth $34,267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ITT. Stephens Inc. AR increased its holdings in shares of ITT by 4.8% during the first quarter. Stephens Inc. AR now owns 1,970 shares of the conglomerate’s stock valued at $254,000 after purchasing an additional 90 shares during the period. UMB Bank n.a. grew its position in ITT by 11.4% in the 2nd quarter. UMB Bank n.a. now owns 954 shares of the conglomerate’s stock valued at $150,000 after buying an additional 98 shares in the last quarter. Mutual Advisors LLC increased its stake in ITT by 3.5% during the 2nd quarter. Mutual Advisors LLC now owns 2,923 shares of the conglomerate’s stock valued at $472,000 after buying an additional 98 shares during the period. AdvisorNet Financial Inc raised its position in shares of ITT by 26.2% during the 2nd quarter. AdvisorNet Financial Inc now owns 487 shares of the conglomerate’s stock worth $76,000 after buying an additional 101 shares in the last quarter. Finally, Fullcircle Wealth LLC raised its position in shares of ITT by 6.5% during the 2nd quarter. Fullcircle Wealth LLC now owns 1,777 shares of the conglomerate’s stock worth $297,000 after buying an additional 109 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

ITT Stock Down 0.2%

Shares of ITT stock opened at $190.63 on Wednesday. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $197.07. The firm has a market capitalization of $14.87 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The company has a quick ratio of 0.99, a current ratio of 1.52 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average is $178.57 and its 200-day moving average is $164.28.

ITT (NYSE:ITT) last released its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.11. ITT had a return on equity of 18.96% and a net margin of 12.67%.The business had revenue of $999.10 million during the quarter, compared to analyst estimates of $973.69 million. During the same quarter last year, the company posted $1.46 EPS. ITT’s revenue for the quarter was up 12.9% on a year-over-year basis. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. Equities analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st will be paid a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, December 1st. ITT’s payout ratio is 23.26%.

Insiders Place Their Bets

In other news, CFO Emmanuel Caprais sold 5,500 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $185.23, for a total value of $1,018,765.00. Following the transaction, the chief financial officer directly owned 36,830 shares of the company’s stock, valued at approximately $6,822,020.90. This represents a 12.99% 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. Also, CAO Mesa Graziano Cheryl De sold 238 shares of ITT stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $183.08, for a total value of $43,573.04. Following the sale, the chief accounting officer directly owned 5,062 shares of the company’s stock, valued at approximately $926,750.96. The trade was a 4.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Cowen reiterated a “buy” rating on shares of ITT in a report on Thursday, October 2nd. DA Davidson set a $190.00 price target on ITT and gave the company a “buy” rating in a research note on Monday, August 4th. KeyCorp lifted their price target on ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. TD Cowen upped their price objective on ITT from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, Stifel Nicolaus lifted their target price on ITT from $202.00 to $203.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.25.

ITT Profile

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.