32,067 Shares in ITT Inc. $ITT Bought by Monashee Investment Management LLC

Monashee Investment Management LLC acquired a new position in shares of ITT Inc. (NYSE:ITT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 32,067 shares of the conglomerate’s stock, valued at approximately $5,564,000. ITT comprises 3.1% of Monashee Investment Management LLC’s investment portfolio, making the stock its 13th biggest position.

Other hedge funds have also recently made changes to their positions in the company. iSAM Funds UK Ltd purchased a new stake in shares of ITT during the 3rd quarter worth $2,113,000. Chesapeake Capital Corp IL purchased a new stake in shares of ITT during the 3rd quarter worth $1,125,000. Brown Brothers Harriman & Co. lifted its stake in shares of ITT by 86,878.2% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock worth $47,889,000 after purchasing an additional 267,585 shares during the last quarter. Regents Gate Capital LLP purchased a new stake in shares of ITT during the 3rd quarter worth $9,381,000. Finally, TimesSquare Capital Management LLC lifted its stake in shares of ITT by 10.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 226,700 shares of the conglomerate’s stock worth $39,335,000 after purchasing an additional 21,200 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Trading Up 0.7%

Shares of NYSE:ITT opened at $185.46 on Friday. The business’s 50-day moving average is $203.47 and its 200 day moving average is $192.34. ITT Inc. has a 1 year low of $149.02 and a 1 year high of $225.26. The firm has a market capitalization of $16.58 billion, a P/E ratio of 32.71, a P/E/G ratio of 1.73 and a beta of 1.27. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01.

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

ITT Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. BMO Capital Markets assumed coverage on ITT in a research report on Friday, March 27th. They set an “outperform” rating and a $233.00 target price on the stock. Citigroup upped their target price on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Robert W. Baird set a $246.00 target price on ITT in a research report on Thursday, May 7th. Barclays upped their target price on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings lowered ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and an average target price of $234.91.

Insider Transactions at ITT

In other news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction dated 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 represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lori B. Marino sold 7,123 shares of the stock in a transaction dated Friday, May 8th. The shares were 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 represents a 44.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by corporate insiders.

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.