SG Americas Securities LLC Sells 3,958 Shares of ITT Inc. $ITT

SG Americas Securities LLC reduced its stake in shares of ITT Inc. (NYSE:ITT) by 38.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,432 shares of the conglomerate’s stock after selling 3,958 shares during the quarter. SG Americas Securities LLC’s holdings in ITT were worth $1,225,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ITT. Elyxium Wealth LLC purchased a new position in ITT in the 4th quarter worth about $29,000. Bayban purchased a new stake in ITT in the 4th quarter valued at about $31,000. Parkside Financial Bank & Trust boosted its position in ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after buying an additional 76 shares during the period. Entrust Financial LLC bought a new position in ITT in the 4th quarter worth about $36,000. Finally, Triumph Capital Management purchased a new position in shares of ITT during the third quarter worth approximately $37,000. 91.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. KeyCorp lifted their price target on shares of ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. BMO Capital Markets assumed coverage on ITT in a research note on Friday, March 27th. They issued an “outperform” rating and a $233.00 price objective on the stock. Robert W. Baird set a $246.00 price objective on ITT in a report on Thursday, May 7th. The Goldman Sachs Group began coverage on ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 target price for the company. Finally, Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Ten investment 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 currently has an average rating of “Moderate Buy” and an average price target of $234.91.

Insider Buying and Selling at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the sale, the chief accounting officer owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of ITT 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 completion of the transaction, the insider owned 8,729 shares in the company, valued at $1,817,988.83. This represents a 44.93% 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 currently owned by company insiders.

ITT Trading Up 0.1%

NYSE:ITT opened at $186.96 on Friday. ITT Inc. has a one year low of $154.29 and a one year high of $225.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The firm has a market cap of $16.71 billion, a P/E ratio of 32.97, a P/E/G ratio of 1.76 and a beta of 1.27. The firm has a 50-day simple moving average of $198.26 and a 200-day simple moving average of $193.87.

ITT (NYSE:ITT) last announced 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. ITT had a net margin of 10.80% and a return on equity of 16.83%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the company earned $1.45 EPS. The company’s revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities analysts anticipate that ITT Inc. will post 7.91 EPS for the current fiscal year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be issued 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 yield of 0.8%. ITT’s dividend payout ratio 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.