Jefferies Financial Group Inc. Purchases New Holdings in ITT Inc. $ITT

Jefferies Financial Group Inc. acquired a new position in ITT Inc. (NYSE:ITT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 38,250 shares of the conglomerate’s stock, valued at approximately $7,564,000.

Several other large investors have also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in ITT in the second quarter worth $1,715,593,000. Northwestern Mutual Wealth Management Co. raised its position in shares of ITT by 55,929.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after purchasing an additional 1,515,695 shares during the last quarter. Findlay Park Partners LLP bought a new position in ITT in the 2nd quarter worth about $276,395,000. Norges Bank bought a new position in ITT in the 4th quarter worth about $194,884,000. Finally, Bank of America Corp DE purchased a new stake in ITT during the 2nd quarter valued at about $173,436,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ITT 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.88% of the company’s stock.

ITT Stock Performance

Shares of ITT stock opened at $207.90 on Friday. The firm has a market capitalization of $18.59 billion, a PE ratio of 40.77, a P/E/G ratio of 1.72 and a beta of 1.27. The company has a 50 day moving average price of $200.06 and a 200-day moving average price of $199.68. ITT Inc. has a 52 week low of $166.96 and a 52 week high of $230.32. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60.

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

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors 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 annualized dividend and a dividend yield of 0.7%. ITT’s payout ratio is presently 30.20%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. BMO Capital Markets restated an “outperform” rating and set a $273.00 price objective on shares of ITT in a research note on Friday, August 7th. Barclays upped their target price on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $246.00 price objective on shares of ITT in a report on Thursday, May 7th. Citigroup upped their price objective on ITT from $254.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, DA Davidson lifted their target price on ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ITT has an average rating of “Moderate Buy” and a consensus target price of $241.08.

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.