Fox Run Management L.L.C. Raises Holdings in ITT Inc. $ITT

Fox Run Management L.L.C. boosted its holdings in shares of ITT Inc. (NYSE:ITT) by 148.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,334 shares of the conglomerate’s stock after purchasing an additional 4,980 shares during the quarter. Fox Run Management L.L.C.’s holdings in ITT were worth $1,446,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. iSAM Funds UK Ltd acquired a new position in ITT in the 3rd quarter valued at $2,113,000. Chesapeake Capital Corp IL acquired a new position in ITT in the 3rd quarter valued at $1,125,000. Brown Brothers Harriman & Co. raised its stake in ITT by 86,878.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock valued at $47,889,000 after purchasing an additional 267,585 shares during the last quarter. Regents Gate Capital LLP acquired a new position in ITT in the 3rd quarter valued at $9,381,000. Finally, TimesSquare Capital Management LLC raised its stake in ITT by 10.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 226,700 shares of the conglomerate’s stock valued at $39,335,000 after purchasing an additional 21,200 shares during the last quarter. Hedge funds and other 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 200 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the transaction, the chief accounting officer directly owned 7,859 shares in the company, valued at $1,637,894.19. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $208.27, for a total value of $1,483,507.21. Following the transaction, the insider owned 8,729 shares of the company’s stock, valued at approximately $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. Company insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ITT shares. BMO Capital Markets assumed coverage on ITT in a research note on Friday, March 27th. They issued an “outperform” rating and a $233.00 price objective for the company. Stifel Nicolaus set a $246.00 price target on ITT in a report on Thursday, May 7th. Robert W. Baird set a $246.00 price target on ITT in a report on Thursday, May 7th. Wall Street Zen cut ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Citigroup increased their price target on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $234.91.

ITT Price Performance

ITT stock opened at $190.84 on Tuesday. The business has a fifty day moving average of $203.36 and a two-hundred day moving average of $192.18. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The stock has a market cap of $17.06 billion, a price-to-earnings ratio of 33.66, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. ITT Inc. has a 52-week low of $149.02 and a 52-week high of $225.26.

ITT (NYSE:ITT) last posted its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.21. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, research analysts anticipate that ITT Inc. will post 7.9 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.386 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is 27.16%.

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.