Pallas Capital Advisors LLC Buys Shares of 4,481 ITT Inc. $ITT

Pallas Capital Advisors LLC purchased a new stake in shares of ITT Inc. (NYSE:ITT) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,481 shares of the conglomerate’s stock, valued at approximately $886,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ITT. Oppenheimer Asset Management Inc. bought a new stake in ITT in the second quarter valued at approximately $2,285,000. Diversified Trust Co bought a new position in ITT during the 1st quarter worth approximately $2,478,000. TimesSquare Capital Management LLC lifted its position in shares of ITT by 10.3% in 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 period. Payden & Rygel boosted its stake in shares of ITT by 34.7% in the 4th quarter. Payden & Rygel now owns 112,500 shares of the conglomerate’s stock valued at $19,520,000 after purchasing an additional 29,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of ITT by 15.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 110,200 shares of the conglomerate’s stock valued at $21,264,000 after purchasing an additional 15,004 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling at ITT

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the stock in a transaction on 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 directly owned 7,159 shares in the company, valued at $1,535,891.86. This trade represents a 8.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.88% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. KeyCorp increased their price target on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Citigroup lifted their target price on ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Stifel Nicolaus boosted their price target on ITT from $246.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Weiss Ratings restated a “buy (b-)” rating on shares of ITT in a report on Friday, August 7th. Finally, DA Davidson raised their price objective on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $241.08.

ITT Stock Performance

Shares of ITT opened at $218.40 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.26 and a quick ratio of 0.85. The stock has a 50-day moving average of $197.59 and a 200-day moving average of $198.79. The company has a market cap of $19.52 billion, a PE ratio of 42.82, a P/E/G ratio of 1.79 and a beta of 1.27. ITT Inc. has a one year low of $164.00 and a one year high of $230.32.

ITT (NYSE:ITT) last posted its quarterly 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 return on equity of 15.90% and a net margin of 8.90%.The firm’s revenue for the quarter was up 51.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, equities research analysts predict that ITT Inc. will post 8.25 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.386 per share. 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 is presently 30.20%.

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.