Rokos Capital Management LLP Invests $13.62 Million in ITT Inc. $ITT

Rokos Capital Management LLP bought a new stake in shares of ITT Inc. (NYSE:ITT) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 71,512 shares of the conglomerate’s stock, valued at approximately $13,624,000.

Other large investors also recently added to or reduced their stakes in the company. Andina Capital Management LLC grew its holdings in ITT by 1.6% during the 4th quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock valued at $549,000 after buying an additional 49 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of ITT by 2.8% in the first quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after buying an additional 52 shares in the last quarter. Whittier Trust Co. boosted its position in shares of ITT by 5.1% during the first quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after acquiring an additional 52 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of ITT by 2.2% during the fourth quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after acquiring an additional 53 shares during the last quarter. Finally, Stephens Inc. AR grew its stake in ITT by 3.8% during the fourth quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after acquiring an additional 60 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Stock Performance

ITT stock opened at $197.50 on Tuesday. The company’s 50-day moving average price is $192.92 and its 200-day moving average price is $195.87. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The company has a market cap of $17.66 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 1.84 and a beta of 1.27. ITT Inc. has a twelve month low of $157.66 and a twelve month high of $225.26.

ITT (NYSE:ITT) last announced its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, equities research analysts forecast that ITT Inc. will post 7.89 EPS for the current fiscal year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 8th were paid a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, June 8th. ITT’s dividend payout ratio (DPR) is presently 27.16%.

Insider Activity at ITT

In other news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction that occurred 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 owned 8,729 shares in the company, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the transaction, the chief accounting officer directly owned 7,859 shares of the company’s stock, valued at $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ITT. Citigroup lifted their price target on shares of ITT from $252.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson lifted their target price on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Stifel Nicolaus boosted their target price on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target for the company in a research note on Thursday, July 9th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.75.

ITT Company 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.