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Algebris UK Ltd. purchased a new position in ITT Inc. (NYSE:ITT – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,742 shares of the conglomerate’s stock, valued at approximately $1,526,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital International Investors lifted its holdings in shares of ITT by 3.0% during the fourth quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock valued at $1,526,421,000 after purchasing an additional 258,936 shares in the last quarter. BlackRock Inc. bought a new stake in ITT during the 2nd quarter worth approximately $1,715,593,000. Vanguard Group Inc. lifted its position in shares of ITT by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after acquiring an additional 620,217 shares in the last quarter. State Street Corp boosted its holdings in shares of ITT by 7.4% during the 4th quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock valued at $441,880,000 after purchasing an additional 175,367 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in ITT by 15.6% in the fourth quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock worth $280,267,000 after purchasing an additional 217,360 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity In other news, CAO Mesa Graziano Cheryl De sold 700 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the sale, the chief accounting officer owned 7,159 shares in the company, valued at $1,535,891.86. This trade represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In ITT has been the topic of a number of recent analyst reports. DA Davidson increased 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. Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target for the company in a research report on Thursday, July 9th. Weiss Ratings restated a “buy (b-)” rating on shares of ITT in a report on Friday, August 7th. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, KeyCorp upped their price target on shares of ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $241.08. View Our Latest Report on ITT

ITT Price Performance Shares of NYSE ITT opened at $213.34 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. ITT Inc. has a twelve month low of $164.00 and a twelve month high of $230.32. The stock has a 50 day moving average of $198.17 and a two-hundred day moving average of $198.99. The stock has a market cap of $19.07 billion, a P/E ratio of 41.83, a P/E/G ratio of 1.78 and a beta of 1.27.

ITT (NYSE:ITT – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.39 billion. During the same period last year, the firm posted $1.64 EPS. ITT’s quarterly revenue was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, research analysts forecast that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be paid a $0.386 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.54 annualized dividend and a yield of 0.7%. ITT’s payout ratio is presently 30.20%.

About ITT (Free Report)

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.

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Industrial Tech Crossovers: When Manufacturing Meets InnovationITT NYSE: ITT reported record second-quarter results for 2026, citing organic growth across its portfolio, contributions from acquisitions and continued margin expansion. The company raised its full-year outlook for organic revenue, adjusted earnings per share and free cash flow after reporting 51% revenue growth and 18% adjusted EPS growth for the quarter ended July 4.

Chief Executive Officer and President Luca Savi said ITT grew orders 53% from a year earlier, including 13% organic growth, while revenue rose 51%, also including 13% organic growth. The company reported a quarterly book-to-bill ratio of 1.1x, adjusted EPS of $2.08 and year-to-date free cash flow of $176 million.

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16 Top Robotics Companies to Get to Know in 2023“Our ITTers delivered strong performance across the portfolio through flawless execution and the realization of benefits from our acquisitions,” Savi said during the company’s earnings call.

Segment Results and Order Trends Connect & Control Technologies, or CCT, was a major contributor to the quarter. Organic orders increased 59%, driven in part by large defense awards at kSARIA. Savi said kSARIA’s orders increased 168% during the quarter, reflecting multiyear bookings for advanced night-vision applications and fighter-jet programs. CCT also recorded organic revenue growth of 17%, supported by commercial aerospace, defense and industrial connectors.

Commercial aerospace revenue rose 14%, while defense revenue increased 16%. kSARIA revenue grew 28%, and industrial connectors revenue rose 24%, led by Europe and Asia, according to management. CCT ended the quarter with a 1.4x book-to-bill ratio and an operating margin of 21.7%, up 100 basis points year over year.

Motion Technologies reported revenue growth of 6%, including 2% organic growth, led by friction aftermarket demand, performance above global vehicle-production levels and strength in China Rail. KONI orders grew 9%, supported primarily by China Rail and defense demand. The segment’s operating margin rose 90 basis points to 21.1%, which Interim Chief Financial Officer Mike Savinelli attributed to net productivity.

Flow Technologies recorded 123% total revenue growth and 21% organic growth. Management said legacy Flow revenue benefited from higher pump-project shipments in marine energy transition, oil and gas markets, as well as 19% valve growth tied to biopharma demand. The segment’s total operating margin was 21.4%, down 160 basis points due to the full-quarter impact of SPX FLOW, which ITT acquired on March 2.

Excluding SPX FLOW, Flow Technologies expanded margins by 70 basis points, according to Savi. Management expects the segment’s margins to improve through the rest of 2026 as it realizes integration cost synergies and executes other productivity measures.

SPX FLOW Integration and Acquisition Contributions SPX FLOW reported 9% order growth in the second quarter compared with its prior-year results and 5% revenue growth. Year-to-date revenue rose 9%, which management said was in line with its full-year expectation for high-single-digit growth. SPX FLOW’s second-quarter book-to-bill ratio was 1.13x.

Savi said demand was particularly strong in mixers, where orders rose 23% across North America and China. Waukesha Cherry-Burrell orders increased 10%, while Nutrition and Health orders rose 8%, supported by European systems orders. He said the opportunity funnel was growing in North America and Europe.

During the question-and-answer session, Savi described SPX FLOW’s manufacturing sites as generally well-run with capable teams, but said ITT sees opportunities to further embed lean practices at the production-cell level and improve material flow. He also cited potential revenue synergies, including selling SPX FLOW valves and mixers to biopharma customers served by ITT’s Lancaster valve operation.

Management also highlighted the potential for Waukesha Cherry-Burrell’s hygienic distribution channels to support sales of Bornemann hygienic pumps in the U.S.

Beyond SPX FLOW, Savi said the company’s prior acquisitions of Svanehøj and kSARIA continued to contribute to growth. He said Svanehøj is expected to generate average annual revenue growth of 32% from its acquisition through the end of 2026, while kSARIA is projected to increase backlog 180% from acquisition through the end of 2026.

Cash Flow, Debt Reduction and Outlook ITT paid down $124 million of debt in the second quarter, reducing its leverage ratio to 2.5x, six months earlier than its original commitment, according to Savi. The company is targeting leverage of approximately 2.3x by year-end.

Year-to-date free cash flow of $176 million included $71 million of one-time acquisition-related expenses. Excluding those expenses, free cash flow increased 15% year over year, Savinelli said. Second-quarter free cash flow margin was 11%.

The company raised its full-year organic revenue growth outlook to a range of 5% to 8%. Savinelli said the increase reflects stronger CCT bookings, continued strength in Flow Technologies projects and short-cycle demand, friction original-equipment outperformance and better-than-expected operational performance.

Adjusted operating margin is expected to expand by more than 100 basis points, to approximately 20.5% at the midpoint. Adjusted EPS guidance was raised to $8.22 at the midpoint, a $0.37 increase from the prior midpoint and representing 14% growth. Free cash flow guidance was raised to a midpoint of $565 million, with a projected free cash flow margin of 10% to 11%. Savinelli said the revised outlook does not include additional net benefits from tariff refunds beyond the $500,000 impact recorded in the second quarter. Management described the tariff-refund impact in the quarter as immaterial.

Looking ahead, Savi said the company expects CCT revenue and margins in the second half to remain broadly consistent with second-quarter levels. He said Motion Technologies faces normal second-half seasonality but is expected to sustain stable margins, while Flow Technologies is expected to show sequential margin improvement from SPX FLOW synergies.

Management noted that delayed orders in the Middle East could affect regional growth in coming quarters, despite strong first-half revenue from previously won backlog. Savi said the company has begun to see some orders move to engineering, procurement and construction firms and that its Middle East opportunity funnel increased year over year.

About ITT (NYSE:ITT)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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STAMFORD, Conn.--(BUSINESS WIRE)--July 6, 2026-- ITT Inc. (NYSE: ITT) today announced the completion of its acquisition of the privately held Aerospace Contacts LLC (Aerospace Contacts), a recognized manufacturer of critical, high-reliability precision contacts, for a purchase price of $31 million.

Aerospace Contacts’ product portfolio primarily consists of custom contacts, housings and shells, with specialized capabilities supporting high-mix, custom contact requirements for harsh-environment connector applications. The majority of its annual sales are generated from customers in the Americas serving the aerospace and defense end markets.

Aerospace Contacts is a long-standing supplier of ITT Cannon and will strengthen supply chain resilience as part of ITT's Connect & Control Technologies business while also positioning ITT for further growth in this highly strategic market.

About ITT
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, nutrition and health and energy markets. The company operates through three value centers: Flow Technologies, Motion Technologies and Connect & Control Technologies. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 40 countries and sales in approximately 125 countries. For more information, visit www.itt.com.

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