Findlay Park Partners LLP Acquires Shares of 1,397,628 ITT Inc. $ITT

Findlay Park Partners LLP bought a new stake in ITT Inc. (NYSE:ITT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,397,628 shares of the conglomerate’s stock, valued at approximately $276,395,000. ITT makes up approximately 3.7% of Findlay Park Partners LLP’s investment portfolio, making the stock its 2nd largest holding. Findlay Park Partners LLP owned about 1.56% of ITT as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ITT. Andina Capital Management LLC boosted its position in ITT by 1.6% in the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock valued at $549,000 after buying an additional 49 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of ITT by 2.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after acquiring an additional 52 shares in the last quarter. Whittier Trust Co. grew its position in ITT by 5.1% during the 1st quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after acquiring an additional 52 shares during the last quarter. Toronto Dominion Bank grew its position in ITT by 2.2% during the 4th quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after acquiring an additional 53 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in ITT by 3.8% during the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling at ITT

In other 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 owned 7,159 shares of the company’s stock, valued at $1,535,891.86. This represents a 8.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.88% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on ITT shares. Citigroup lifted 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. Wolfe Research upgraded ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price on the stock in a report on Thursday, July 9th. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Barclays lifted their price target on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ITT in a report on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $241.08.

ITT Price Performance

ITT stock opened at $208.23 on Friday. The business’s 50-day simple moving average is $199.02 and its 200 day simple moving average is $199.24. 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 stock has a market cap of $18.62 billion, a price-to-earnings ratio of 40.83, a P/E/G ratio of 1.70 and a beta of 1.27. ITT Inc. has a 12-month low of $165.82 and a 12-month high of $230.32.

ITT (NYSE:ITT) last announced 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. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The company’s quarterly revenue was up 51.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, research analysts anticipate that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders 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 dividend yield of 0.7%. ITT’s payout ratio is presently 30.20%.

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.