ITT Inc. $ITT Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its stake in ITT Inc. (NYSE:ITT) by 148.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,334 shares of the conglomerate’s stock after purchasing an additional 4,980 shares during the quarter. Fox Run Management L.L.C.’s holdings in ITT were worth $1,446,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Assetmark Inc. raised its position in ITT by 10.9% in the 3rd quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock valued at $100,000 after purchasing an additional 55 shares in the last quarter. Stephens Inc. AR raised its position in ITT by 3.8% in the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after purchasing an additional 60 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in ITT by 0.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate’s stock valued at $4,454,000 after purchasing an additional 65 shares in the last quarter. Merit Financial Group LLC lifted its holdings in ITT by 1.5% during the 3rd quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock worth $845,000 after buying an additional 69 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in ITT by 4.0% during the 3rd quarter. IFP Advisors Inc now owns 1,847 shares of the conglomerate’s stock worth $330,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Price Performance

ITT stock opened at $190.84 on Tuesday. ITT Inc. has a 1 year low of $149.02 and a 1 year high of $225.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The stock’s 50 day moving average price is $203.36 and its 200 day moving average price is $192.18. The firm has a market cap of $17.06 billion, a P/E ratio of 33.66, a PEG ratio of 1.80 and a beta of 1.27.

ITT (NYSE:ITT) last posted its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the company earned $1.45 EPS. ITT’s revenue was up 32.7% on a year-over-year basis. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, sell-side analysts expect that ITT Inc. will post 7.9 earnings per share for the current fiscal year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 8th. ITT’s dividend payout ratio is currently 27.16%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ITT. Barclays lifted their price target on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Robert W. Baird set a $246.00 price target on ITT in a research report on Thursday, May 7th. Stifel Nicolaus set a $246.00 target price on ITT in a research report on Thursday, May 7th. Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, Citigroup upped their price target on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, ITT has an average rating of “Moderate Buy” and an average target price of $234.91.

Insider Buying and Selling at ITT

In related news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the transaction, the chief accounting officer directly owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lori B. Marino sold 7,123 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the completion of the transaction, the insider directly owned 8,729 shares in the company, valued at $1,817,988.83. This trade represents a 44.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.