Y Intercept Hong Kong Ltd Trims Position in ITT Inc. $ITT

Y Intercept Hong Kong Ltd cut its stake in ITT Inc. (NYSE:ITT) by 65.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,164 shares of the conglomerate’s stock after selling 11,524 shares during the period. Y Intercept Hong Kong Ltd’s holdings in ITT were worth $1,174,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Elyxium Wealth LLC purchased a new stake in shares of ITT during the 4th quarter worth about $29,000. Bayban purchased a new position in ITT in the fourth quarter valued at approximately $31,000. Parkside Financial Bank & Trust lifted its position in ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after buying an additional 76 shares in the last quarter. Entrust Financial LLC acquired a new position in ITT during the fourth quarter valued at approximately $36,000. Finally, Triumph Capital Management purchased a new stake in ITT during the third quarter worth approximately $37,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Citigroup increased their target price on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Barclays boosted their price target on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target for the company in a report on Thursday. Finally, Stifel Nicolaus set a $246.00 price objective on shares of ITT in a report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, ITT presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.42.

Insider Buying and Selling at ITT

In related news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction dated Friday, May 8th. The shares were 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. The trade was a 44.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was 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 of the company’s stock, valued at $1,637,894.19. The trade was a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by insiders.

ITT Stock Performance

NYSE ITT traded up $1.65 during trading hours on Friday, hitting $194.65. The company had a trading volume of 803,033 shares, compared to its average volume of 1,023,858. 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 firm has a market cap of $17.40 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. ITT Inc. has a fifty-two week low of $154.29 and a fifty-two week high of $225.26. The business has a fifty day simple moving average of $195.55 and a 200-day simple moving average of $194.40.

ITT (NYSE:ITT) last released its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping the consensus estimate of $1.77 by $0.21. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The company’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities analysts predict that ITT Inc. will post 7.91 EPS for the current year.

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 8th were given a $0.386 dividend. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, June 8th. ITT’s dividend payout ratio (DPR) 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.