Grandeur Peak Global Advisors LLC Has $36.57 Million Position in ITT Inc. $ITT

Grandeur Peak Global Advisors LLC grew its position in shares of ITT Inc. (NYSE:ITT) by 26.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,902 shares of the conglomerate’s stock after buying an additional 38,483 shares during the quarter. ITT accounts for approximately 8.9% of Grandeur Peak Global Advisors LLC’s holdings, making the stock its 3rd largest position. Grandeur Peak Global Advisors LLC owned approximately 0.21% of ITT worth $36,566,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in ITT in the 2nd quarter valued at $7,564,000. Public Employees Retirement System of Ohio bought a new position in shares of ITT during the 2nd quarter valued at about $11,930,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of ITT during the second quarter valued at about $234,000. Proficio Capital Partners LLC bought a new stake in shares of ITT in the second quarter worth about $270,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of ITT in the second quarter worth about $43,000. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

ITT has been the topic of several recent research reports. Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price objective on the stock in a report on Thursday, July 9th. KeyCorp raised their target price on shares of ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a report on Friday, August 7th. BMO Capital Markets restated an “outperform” rating and issued a $273.00 price target on shares of ITT in a research report on Friday, August 7th. Barclays upped their price target on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, Citigroup lifted their price objective on shares of ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.08.

ITT Trading Down 1.2%

Shares of ITT stock opened at $207.90 on Friday. ITT Inc. has a 1-year low of $166.96 and a 1-year high of $230.32. The firm has a market cap of $18.59 billion, a PE ratio of 40.77, a price-to-earnings-growth ratio of 1.72 and a beta of 1.27. The company has a 50-day moving average of $200.06 and a two-hundred day moving average of $199.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. The firm had revenue of $1.47 billion during 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 quarterly revenue was up 51.5% compared to the same quarter last year. 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. On average, analysts predict that ITT Inc. will post 8.25 EPS for the current year.

ITT Announces Dividend

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

Insider Transactions at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were 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 in the company, 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 can be accessed through this link. 0.88% of the stock is owned by corporate insiders.

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.