ITT Inc. (NYSE:ITT) Short Interest Up 113.9% in February

ITT Inc. (NYSE:ITT) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 2,508,404 shares, an increase of 113.9% from the January 29th total of 1,172,693 shares. Currently, 2.9% of the company’s stock are short sold. Based on an average daily volume of 1,376,806 shares, the short-interest ratio is presently 1.8 days. Based on an average daily volume of 1,376,806 shares, the short-interest ratio is presently 1.8 days. Currently, 2.9% of the company’s stock are short sold.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Stifel Nicolaus lifted their price target on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, February 6th. KeyCorp boosted their target price on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Citigroup raised their price objective on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $216.11.

ITT Stock Performance

ITT stock traded down $2.99 during mid-day trading on Friday, reaching $201.16. 26,002 shares of the company were exchanged, compared to its average volume of 894,775. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58. The firm has a market cap of $17.30 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. The firm’s 50-day simple moving average is $188.04 and its two-hundred day simple moving average is $180.87. ITT has a twelve month low of $105.64 and a twelve month high of $209.70.

ITT (NYSE:ITT) last posted its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, beating the consensus estimate of $1.79 by $0.06. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Equities analysts predict that ITT will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be issued a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. This is a boost from ITT’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 6th. ITT’s dividend payout ratio is 22.91%.

Institutional Trading of ITT

Several large investors have recently modified their holdings of the business. Capital International Investors raised its stake in ITT by 3.0% in the 4th 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 during the last quarter. Vanguard Group Inc. increased its position in ITT by 7.9% during the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock worth $1,467,976,000 after purchasing an additional 620,217 shares in the last quarter. State Street Corp raised its stake in shares of ITT by 7.4% in the 4th quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock valued at $441,880,000 after acquiring an additional 175,367 shares during the period. Geode Capital Management LLC raised 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 valued at $280,267,000 after purchasing an additional 217,360 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of ITT by 55,929.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after buying an additional 1,515,695 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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.