Sigma Planning Corp Trims Stake in ITT Inc. $ITT

Sigma Planning Corp lessened its holdings in shares of ITT Inc. (NYSE:ITT) by 24.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,443 shares of the conglomerate’s stock after selling 2,388 shares during the quarter. Sigma Planning Corp’s holdings in ITT were worth $1,291,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Capital International Investors raised its holdings in shares of ITT by 0.5% in the third quarter. Capital International Investors now owns 8,538,229 shares of the conglomerate’s stock worth $1,526,281,000 after buying an additional 38,433 shares during the period. Vanguard Group Inc. grew its position in ITT by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock valued at $1,467,976,000 after acquiring an additional 620,217 shares during the last quarter. Alliancebernstein L.P. grew its position in ITT by 11.2% in the 3rd quarter. Alliancebernstein L.P. now owns 1,188,219 shares of the conglomerate’s stock valued at $212,406,000 after acquiring an additional 119,601 shares during the last quarter. Invesco Ltd. increased its stake in ITT by 3.1% in the third quarter. Invesco Ltd. now owns 1,128,933 shares of the conglomerate’s stock worth $201,808,000 after purchasing an additional 34,183 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of ITT by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 786,681 shares of the conglomerate’s stock worth $123,376,000 after purchasing an additional 7,562 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ITT shares. DA Davidson set a $245.00 price objective on shares of ITT in a report on Monday, February 9th. Barclays decreased their price target on shares of ITT from $220.00 to $210.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Robert W. Baird set a $222.00 price target on ITT in a report on Friday, February 6th. KeyCorp raised their price objective on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, BMO Capital Markets assumed coverage on ITT in a research report on Friday, March 27th. They set an “outperform” rating and a $233.00 target price for the company. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.55.

Insider Activity

In other news, CEO Luca Savi sold 63,450 shares of ITT stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the sale, the chief executive officer directly owned 262,354 shares in the company, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.

ITT Price Performance

Shares of ITT stock opened at $210.05 on Monday. The stock’s 50-day moving average is $200.82 and its 200 day moving average is $189.29. ITT Inc. has a 1-year low of $139.89 and a 1-year high of $224.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07. The company has a market cap of $18.78 billion, a P/E ratio of 34.38, a PEG ratio of 1.98 and a beta of 1.32.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.06. ITT had a return on equity of 17.74% and a net margin of 12.39%.The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted $1.50 earnings per share. The business’s quarterly revenue was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Research analysts predict that ITT Inc. will post 7.9 earnings per share for the current fiscal year.

ITT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 6th were issued a $0.386 dividend. This is an increase from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, March 6th. ITT’s dividend payout ratio is 25.20%.

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.