ITT Inc. $ITT Holdings Trimmed by Sigma Planning Corp

Sigma Planning Corp lessened its stake in ITT Inc. (NYSE:ITT) by 62.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,420 shares of the conglomerate’s stock after selling 4,004 shares during the period. Sigma Planning Corp’s holdings in ITT were worth $488,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Robeco Schweiz AG bought a new position in ITT in the third quarter valued at approximately $31,053,000. Signaturefd LLC grew its position in shares of ITT by 7.5% during the 3rd quarter. Signaturefd LLC now owns 2,376 shares of the conglomerate’s stock worth $480,000 after buying an additional 165 shares during the period. Farmers & Merchants Investments Inc. grew its position in shares of ITT by 1.2% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 61,518 shares of the conglomerate’s stock worth $12,416,000 after buying an additional 746 shares during the period. Root Financial Partners LLC acquired a new stake in shares of ITT in the 3rd quarter valued at approximately $128,000. Finally, AMF Tjanstepension AB boosted its stake in ITT by 1,027.2% during the 3rd quarter. AMF Tjanstepension AB now owns 505,575 shares of the conglomerate’s stock worth $102,035,000 after acquiring an additional 460,721 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ITT

In other ITT news, CEO Luca Savi acquired 5,019 shares of ITT stock in a transaction dated Monday, August 31st. The stock was bought at an average cost of $199.56 per share, for a total transaction of $1,001,591.64. Following the purchase, the chief executive officer directly owned 267,373 shares in the company, valued at approximately $53,356,955.88. This represents a 1.91% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Graziano De sold 700 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the completion of the transaction, the chief accounting officer owned 7,159 shares of the company’s stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ITT. BMO Capital Markets restated an “outperform” rating and set a $273.00 price objective on shares of ITT in a report on Friday, August 7th. Wolfe Research started coverage on shares of ITT in a report on Tuesday, September 15th. They issued an “outperform” rating and a $272.00 target price on the stock. Citigroup lifted their price target on shares of ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. DA Davidson boosted their price target on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings cut shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.22.

ITT Trading Down 2.0%

NYSE:ITT opened at $198.54 on Friday. ITT Inc. has a twelve month low of $166.96 and a twelve month high of $230.32. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $201.70 and a two-hundred day moving average price of $198.85. The company has a market cap of $17.75 billion, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 1.62 and a beta of 1.25.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.16. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm’s revenue was up 51.5% compared to the same quarter last year. During the same period last year, the company earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, analysts expect that ITT Inc. will post 8.25 EPS for the current fiscal year.

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Tuesday, September 8th were given a $0.3860 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is 30.20%.

ITT Profile

ITT Inc (NYSE: ITT) is a global industrial manufacturer that designs and produces highly engineered components and technology solutions for transportation, industrial, energy, aerospace, defense and other specialized markets. The company serves original equipment manufacturers, distributors and end users through operations in North America, Europe, Asia and other international markets.

ITT operates through three primary business segments. Motion Technologies develops brake pads, shock absorbers, sealing products and other engineered components used in automotive, rail and related transportation applications.