646,609 Shares in ITT Inc. $ITT Bought by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in ITT Inc. (NYSE:ITT) during the 2nd quarter, Holdings Channel reports. The fund acquired 646,609 shares of the conglomerate’s stock, valued at approximately $127,872,000.

Several other institutional investors have also recently bought and sold shares of ITT. BlackRock Inc. bought a new position in shares of ITT in the second quarter worth about $1,715,593,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of ITT by 55,929.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after purchasing an additional 1,515,695 shares during the last quarter. Findlay Park Partners LLP acquired a new position in ITT during the 2nd quarter worth approximately $276,395,000. Norges Bank acquired a new position in ITT during the 4th quarter worth approximately $194,884,000. Finally, Vanguard Group Inc. lifted its stake in ITT by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after purchasing an additional 620,217 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ITT shares. Citigroup upped 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. 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. Barclays upped their target price on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $273.00 target price on shares of ITT in a research report on Friday, August 7th. Finally, Stifel Nicolaus lifted their price target on ITT from $246.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $241.08.

ITT Price Performance

ITT stock opened at $210.50 on Thursday. The company has a market capitalization of $18.82 billion, a P/E ratio of 41.27, a PEG ratio of 1.68 and a beta of 1.27. The company has a fifty day moving average price of $199.83 and a 200-day moving average price of $199.68. 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 52-week low of $166.96 and a 52-week high of $230.32.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.16. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. ITT’s revenue for the quarter was up 51.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, equities analysts expect that ITT Inc. will post 8.25 EPS for the current year.

ITT Announces Dividend

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

Insider Activity at ITT

In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the 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 completion of the sale, the chief accounting officer owned 7,159 shares of the company’s stock, valued at approximately $1,535,891.86. This represents a 8.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.