Findlay Park Partners LLP Makes New $276.39 Million Investment in ITT Inc. $ITT

Findlay Park Partners LLP bought a new stake in ITT Inc. (NYSE:ITT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,397,628 shares of the conglomerate’s stock, valued at approximately $276,395,000. ITT accounts for about 3.7% of Findlay Park Partners LLP’s portfolio, making the stock its 2nd largest position.

Other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of ITT in the 2nd quarter valued at approximately $28,000. Elyxium Wealth LLC acquired a new stake in ITT during the 4th quarter worth approximately $29,000. Bayban bought a new position in ITT in the fourth quarter valued at approximately $31,000. Trust Co. of Vermont acquired a new position in shares of ITT in the second quarter valued at approximately $33,000. Finally, Parkside Financial Bank & Trust increased its position in shares of ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ITT. DA Davidson boosted their price objective on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Citigroup upped their price objective on ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Barclays increased 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. Weiss Ratings restated a “buy (b-)” rating on shares of ITT in a research note on Friday, August 7th. Finally, Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $241.08.

Insider Activity

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction 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. The trade was a 8.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is currently owned by insiders.

ITT Stock Performance

Shares of NYSE ITT opened at $208.23 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. The stock has a 50 day moving average price of $199.02 and a 200 day moving average price of $199.24. The stock has a market capitalization of $18.62 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 1.70 and a beta of 1.27. ITT Inc. has a 52 week low of $165.82 and a 52 week high of $230.32.

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

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders 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 of this dividend is Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is presently 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.