JPMorgan Chase & Co. Sells 828,277 Shares of ITT Inc. $ITT

JPMorgan Chase & Co. decreased its stake in ITT Inc. (NYSE:ITT) by 15.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,470,218 shares of the conglomerate’s stock after selling 828,277 shares during the period. JPMorgan Chase & Co. owned about 0.05% of ITT worth $799,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. bought a new position in ITT during the second quarter worth about $27,000. True Wealth Design LLC raised its stake in shares of ITT by 219.2% in the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 114 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in ITT during the 2nd quarter worth $34,000. Quent Capital LLC bought a new position in ITT in the third quarter valued at about $37,000. Finally, MTM Investment Management LLC bought a new stake in shares of ITT during the second quarter worth approximately $39,000. 91.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ITT shares. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Citigroup raised their price target on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Robert W. Baird set a $222.00 target price on shares of ITT in a research note on Friday, February 6th. Finally, DA Davidson set a $245.00 price objective on shares of ITT in a research report on Monday, February 9th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $216.11.

ITT Stock Performance

NYSE ITT opened at $204.78 on Wednesday. ITT Inc. has a twelve month low of $105.64 and a twelve month high of $207.98. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $17.61 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 1.89 and a beta of 1.37. The stock has a fifty day simple moving average of $183.53 and a 200 day simple moving average of $179.11.

ITT (NYSE:ITT) last announced its earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.01 billion. During the same period in the prior year, the business posted $1.50 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Sell-side analysts expect that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be issued a $0.386 dividend. The ex-dividend date is Friday, March 6th. 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 yield of 0.8%. ITT’s dividend payout ratio is presently 22.91%.

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.