TimesSquare Capital Management LLC Acquires Shares of 186,349 ITT Inc. $ITT

TimesSquare Capital Management LLC bought a new position in ITT Inc. (NYSE:ITT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 186,349 shares of the conglomerate’s stock, valued at approximately $36,852,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ITT. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of ITT during the second quarter valued at approximately $28,000. Elyxium Wealth LLC purchased a new position in ITT in the 4th quarter worth approximately $29,000. Bayban purchased a new position in ITT in the 4th quarter worth approximately $31,000. Parkside Financial Bank & Trust lifted its position in ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 76 shares in the last quarter. Finally, Entrust Financial LLC bought a new position in ITT in the 4th quarter valued at approximately $36,000. Institutional investors own 91.59% of the company’s stock.

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $214.54, for a total value of $150,178.00. Following the transaction, the chief accounting officer directly owned 7,159 shares of the company’s stock, valued at approximately $1,535,891.86. This trade represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.88% of the company’s stock.

ITT Trading Up 0.1%

NYSE:ITT opened at $219.56 on Tuesday. 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 Inc. has a 12 month low of $164.00 and a 12 month high of $230.32. The company 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 50 day simple moving average of $197.07 and a two-hundred day simple moving average of $198.52.

ITT (NYSE:ITT) last released its quarterly 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. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Research analysts forecast that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be issued a $0.386 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. ITT’s dividend payout ratio is currently 30.20%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. 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 report on Thursday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $273.00 price target on shares of ITT in a report on Friday, August 7th. KeyCorp increased 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. Barclays lifted their price objective on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Finally, DA Davidson boosted their target price on ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.08.

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.