Moore Capital Management LP Increases Stock Position in ITT Inc. $ITT

Moore Capital Management LP boosted its position in shares of ITT Inc. (NYSE:ITT) by 48.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 173,567 shares of the conglomerate’s stock after buying an additional 56,304 shares during the quarter. Moore Capital Management LP owned approximately 0.19% of ITT worth $34,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of ITT during the 2nd quarter worth about $28,000. Trust Co. of Vermont acquired a new stake in shares of ITT during the 2nd quarter valued at about $33,000. Elyxium Wealth LLC purchased a new position in shares of ITT in the 4th quarter valued at about $29,000. Bayban acquired a new position in ITT in the 4th quarter worth about $31,000. Finally, Parkside Financial Bank & Trust raised its holdings in ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ITT. DA Davidson raised their price objective on ITT from $255.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Stifel Nicolaus upped their target price on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Citigroup boosted their price target on shares of ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings cut shares of ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $241.08.

Insider Activity

In other 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 completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is owned by insiders.

ITT Price Performance

NYSE:ITT opened at $202.80 on Monday. The stock has a 50 day moving average of $200.18 and a two-hundred day moving average of $199.70. ITT Inc. has a 12 month low of $166.96 and a 12 month high of $230.32. The firm has a market cap of $18.13 billion, a P/E ratio of 39.76, a price-to-earnings-growth 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) last released its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%.The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the business posted $1.64 earnings per share. The business’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, analysts expect that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Dividend Announcement

The firm also recently announced 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. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s payout ratio is 30.20%.

About ITT

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.