Man Group plc Takes Position in ITT Inc. $ITT

Man Group plc purchased a new stake in ITT Inc. (NYSE:ITT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,269 shares of the conglomerate’s stock, valued at approximately $3,811,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Amundi grew its position in ITT by 22,565.6% in the first quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after acquiring an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of ITT by 7.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after purchasing an additional 28,937 shares in the last quarter. Empowered Funds LLC bought a new position in shares of ITT during the 1st quarter valued at $360,000. Focus Partners Wealth lifted its stake in shares of ITT by 80.7% in the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after purchasing an additional 3,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in ITT in the second quarter worth $1,880,000. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Robert W. Baird set a $246.00 target price on ITT in a report on Thursday, May 7th. Citigroup upped their price target on ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. DA Davidson increased their price objective on ITT from $255.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Weiss Ratings lowered ITT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Finally, Wolfe Research upgraded ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target on the stock in a report on Thursday, July 9th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $241.08.

ITT Stock Performance

NYSE:ITT opened at $202.80 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $18.13 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27. ITT Inc. has a 12-month low of $166.96 and a 12-month high of $230.32. The firm has a 50-day moving average price of $200.18 and a 200 day moving average price of $199.70.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share 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 firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. The company’s quarterly revenue was up 51.5% compared to the same quarter last year. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Research analysts anticipate that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be given a dividend of $0.386 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s dividend payout ratio is 30.20%.

Insider Buying and Selling

In other ITT news, CAO Mesa Graziano Cheryl De sold 700 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the completion of the sale, the chief accounting officer owned 7,159 shares in the company, valued at approximately $1,535,891.86. This trade represents a 8.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by corporate insiders.

ITT Company 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.