Monashee Investment Management LLC Invests $5.56 Million in ITT Inc. $ITT

Monashee Investment Management LLC bought a new position in ITT Inc. (NYSE:ITT) during the fourth quarter, Holdings Channel reports. The firm bought 32,067 shares of the conglomerate’s stock, valued at approximately $5,564,000. ITT makes up about 3.1% of Monashee Investment Management LLC’s portfolio, making the stock its 13th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Elyxium Wealth LLC purchased a new stake in shares of ITT in the fourth quarter worth about $29,000. Triumph Capital Management purchased a new stake in shares of ITT in the third quarter worth about $37,000. Entrust Financial LLC purchased a new stake in shares of ITT in the fourth quarter worth about $36,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of ITT in the third quarter worth about $43,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of ITT in the fourth quarter worth about $64,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on ITT shares. DA Davidson upped their target price on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. BMO Capital Markets started coverage on ITT in a research note on Friday, March 27th. They issued an “outperform” rating and a $233.00 target price on the stock. Barclays upped their target price on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Citigroup increased their price target on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Stifel Nicolaus set a $246.00 price target on ITT in a research report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and one has issued 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 an average target price of $234.91.

Insider Activity at ITT

In other news, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’s stock in a transaction that occurred on 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 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 legal filing with the SEC, which is available through this link. Also, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction that occurred on 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 owned 8,729 shares in the company, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.88% of the company’s stock.

ITT Stock Performance

Shares of ITT stock opened at $185.46 on Friday. The company 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 business’s 50 day moving average is $203.47 and its two-hundred day moving average is $192.34. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. ITT Inc. has a 12-month low of $149.02 and a 12-month high of $225.26.

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

ITT Dividend Announcement

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

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.