Hsbc Holdings PLC Acquires 57,369 Shares of ITT Inc. $ITT

Hsbc Holdings PLC boosted its holdings in ITT Inc. (NYSE:ITT) by 500.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 68,830 shares of the conglomerate’s stock after acquiring an additional 57,369 shares during the quarter. Hsbc Holdings PLC’s holdings in ITT were worth $12,984,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ITT. Andina Capital Management LLC raised its position in shares of ITT by 1.6% during the 4th quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock valued at $549,000 after acquiring an additional 49 shares during the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of ITT by 2.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after purchasing an additional 52 shares during the last quarter. Whittier Trust Co. grew its stake in shares of ITT by 5.1% during the first quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after purchasing an additional 52 shares during the period. Toronto Dominion Bank increased its holdings in ITT by 2.2% in the fourth quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock valued at $430,000 after purchasing an additional 53 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in ITT by 3.8% in the fourth quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. DA Davidson raised their target price on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 11th. The Goldman Sachs Group initiated coverage on ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price target for the company. Robert W. Baird set a $246.00 price objective on shares of ITT in a research note on Thursday, May 7th. Weiss Ratings cut shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, Citigroup upped their target price on shares of ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $234.75.

Insider Buying and Selling

In related news, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 8,729 shares in the company, valued at $1,817,988.83. This trade represents a 44.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the business’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 sale, the chief accounting officer directly owned 7,859 shares in the company, 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. Insiders own 0.88% of the company’s stock.

ITT Stock Up 0.8%

NYSE:ITT opened at $193.01 on Thursday. ITT Inc. has a 1 year low of $157.66 and a 1 year high of $225.26. The stock has a 50-day moving average price of $193.00 and a two-hundred day moving average price of $195.48. The stock has a market cap of $17.26 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 1.80 and a beta of 1.27. 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 released its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $1.45 earnings per share. ITT’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. As a group, equities analysts expect that ITT Inc. will post 7.89 earnings per share for the current year.

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 8th were issued a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, June 8th. ITT’s dividend payout ratio (DPR) is 27.16%.

About ITT

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.