Sovereign s Capital Management LLC Sells 5,007 Shares of ITT Inc. $ITT

Sovereign s Capital Management LLC lessened its holdings in ITT Inc. (NYSE:ITT) by 77.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,455 shares of the conglomerate’s stock after selling 5,007 shares during the quarter. Sovereign s Capital Management LLC’s holdings in ITT were worth $252,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ITT. Amundi grew its holdings in shares of ITT by 22,565.6% in the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after purchasing an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in ITT by 7.4% during 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 bought a new stake in ITT during the 1st quarter worth about $360,000. Focus Partners Wealth grew its holdings in ITT by 80.7% during 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 acquired a new position in ITT during the 2nd quarter valued at about $1,880,000. Institutional investors own 91.59% of the company’s stock.

Insider Activity at ITT

In other news, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 8,729 shares of the company’s stock, valued at $1,817,988.83. This trade represents a 44.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’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 transaction, the chief accounting officer directly owned 7,859 shares of the company’s stock, 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. 0.88% of the stock is owned by company insiders.

ITT Stock Performance

Shares of ITT stock opened at $194.08 on Wednesday. The company has a market capitalization of $17.35 billion, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 1.84 and a beta of 1.27. ITT Inc. has a 52 week low of $149.02 and a 52 week high of $225.26. The company’s 50 day moving average price is $203.44 and its two-hundred day moving average price is $192.55. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53.

ITT (NYSE:ITT) last issued its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.21. The company had revenue of $1.21 billion during 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 quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the business earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, analysts expect that ITT Inc. will post 7.9 earnings per share for the current fiscal year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 8th. ITT’s dividend payout ratio (DPR) is currently 27.16%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ITT. Robert W. Baird set a $246.00 price target on shares of ITT 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 issued an “outperform” rating and a $233.00 price target on the stock. KeyCorp increased their price target on shares of ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Barclays increased their price target on shares of ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, ITT presently has an average rating of “Moderate Buy” and a consensus price target of $234.91.

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.