JPMorgan Chase & Co. Decreases Position in ITT Inc. $ITT

JPMorgan Chase & Co. lessened its holdings in shares of ITT Inc. (NYSE:ITT) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,430,585 shares of the conglomerate’s stock after selling 39,633 shares during the period. JPMorgan Chase & Co. owned approximately 0.05% of ITT worth $768,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ITT. Amundi lifted its holdings in shares of ITT by 22,565.6% during the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after purchasing an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in ITT by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after acquiring an additional 28,937 shares during the last quarter. Empowered Funds LLC purchased a new position in ITT in the 1st quarter worth $360,000. Focus Partners Wealth raised its stake in ITT by 80.7% in the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock worth $1,017,000 after acquiring an additional 3,515 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in ITT in the 2nd quarter worth $1,880,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ITT shares. DA Davidson raised 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. The Goldman Sachs Group started coverage on ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price for the company. Citigroup raised their target price on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. KeyCorp raised their target price on ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Robert W. Baird set a $246.00 target price on ITT in a research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $234.91.

Insider Transactions at ITT

In other news, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the sale, the insider directly owned 8,729 shares in the company, valued at $1,817,988.83. This trade represents a 44.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the sale, the chief accounting officer owned 7,859 shares in the company, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by company insiders.

ITT Price Performance

NYSE:ITT opened at $192.34 on Wednesday. ITT Inc. has a 52 week low of $149.02 and a 52 week high of $225.26. 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 capitalization of $17.20 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. The stock’s 50-day moving average price is $203.50 and its 200-day moving average price is $192.25.

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

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders 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 dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is 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.