ITT Inc. $ITT Shares Sold by SIR Capital Management L.P.

SIR Capital Management L.P. trimmed its holdings in shares of ITT Inc. (NYSE:ITT) by 57.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,752 shares of the conglomerate’s stock after selling 16,948 shares during the period. SIR Capital Management L.P.’s holdings in ITT were worth $2,213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd lifted its position in ITT by 56.7% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 4,200 shares of the conglomerate’s stock valued at $729,000 after buying an additional 1,520 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in ITT by 28,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 290 shares of the conglomerate’s stock valued at $50,000 after buying an additional 289 shares in the last quarter. Wells Fargo & Company MN lifted its position in ITT by 5.6% during the fourth quarter. Wells Fargo & Company MN now owns 111,603 shares of the conglomerate’s stock valued at $19,364,000 after buying an additional 5,869 shares in the last quarter. Wealthspire Advisors LLC lifted its position in ITT by 319.7% during the fourth quarter. Wealthspire Advisors LLC now owns 1,985 shares of the conglomerate’s stock valued at $344,000 after buying an additional 1,512 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its position in ITT by 704.1% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 42,402 shares of the conglomerate’s stock valued at $7,357,000 after buying an additional 37,129 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ITT. The Goldman Sachs Group began coverage on shares of ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 target price on the stock. KeyCorp boosted their target price on shares of ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. BMO Capital Markets began coverage on shares of ITT in a research report on Friday, March 27th. They set an “outperform” rating and a $233.00 target price on the stock. DA Davidson boosted their target price on shares of ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Weiss Ratings cut shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, ITT presently has a consensus rating of “Moderate Buy” and an average price target of $234.91.

ITT Trading Up 1.9%

NYSE ITT opened at $188.59 on Friday. The company’s fifty day simple moving average is $203.39 and its 200-day simple moving average is $192.31. ITT Inc. has a 52 week low of $149.02 and a 52 week high of $225.26. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a market cap of $16.86 billion, a P/E ratio of 33.26, a PEG ratio of 1.74 and a beta of 1.27.

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

ITT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, June 8th will be issued a $0.386 dividend. 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 is currently 27.16%.

Insider Buying and Selling at ITT

In related news, insider Lori B. Marino sold 7,123 shares of the company’s stock in a transaction 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 sale, the insider directly owned 8,729 shares of the company’s stock, valued at $1,817,988.83. This represents a 44.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the sale, the chief accounting officer directly owned 7,859 shares in the company, valued at $1,637,894.19. This represents a 2.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.88% of the company’s stock.

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.