Segall Bryant & Hamill LLC Sells 13,637 Shares of ITT Inc. $ITT

Segall Bryant & Hamill LLC lowered its stake in shares of ITT Inc. (NYSE:ITT) by 8.3% in the first quarter, Holdings Channel reports. The firm owned 149,755 shares of the conglomerate’s stock after selling 13,637 shares during the period. Segall Bryant & Hamill LLC’s holdings in ITT were worth $28,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITT. Northwestern Mutual Wealth Management Co. raised its position in shares of ITT by 55,929.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after purchasing an additional 1,515,695 shares during the period. Norges Bank bought a new stake in shares of ITT during the 4th quarter worth $194,884,000. Vanguard Group Inc. boosted its holdings in shares of ITT by 7.9% during the 4th quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock worth $1,467,976,000 after buying an additional 620,217 shares during the period. Findlay Park Partners LLP grew its stake in ITT by 63.2% in the 4th quarter. Findlay Park Partners LLP now owns 1,230,902 shares of the conglomerate’s stock valued at $213,574,000 after buying an additional 476,702 shares during the last quarter. Finally, Ghisallo Capital Management LLC bought a new position in ITT in the 4th quarter worth $78,080,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ITT. Stifel Nicolaus boosted their target price on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Weiss Ratings downgraded ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. KeyCorp boosted their price objective on ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, DA Davidson increased their target price on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, May 11th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.75.

ITT Trading Up 1.3%

Shares of ITT stock opened at $195.59 on Friday. The firm has a market capitalization of $17.49 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.27. ITT Inc. has a 1 year low of $157.66 and a 1 year high of $225.26. The firm’s fifty day simple moving average is $193.07 and its 200 day simple moving average is $196.17. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

ITT (NYSE:ITT) last issued its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business’s revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, sell-side analysts predict that ITT Inc. will post 7.89 EPS for the current year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 8th were given a dividend of $0.386 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s dividend payout ratio is currently 27.16%.

Insider Activity

In other ITT news, insider Lori B. Marino sold 7,123 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was 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 of the company’s stock, valued at $1,817,988.83. This represents a 44.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the sale, the chief accounting officer owned 7,859 shares of the company’s stock, valued at $1,637,894.19. This represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by company insiders.

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.