Y Intercept Hong Kong Ltd Lowers Holdings in ITT Inc. $ITT

Y Intercept Hong Kong Ltd decreased its holdings in shares of ITT Inc. (NYSE:ITT) by 65.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,164 shares of the conglomerate’s stock after selling 11,524 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in ITT were worth $1,174,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ITT. Elevation Point Wealth Partners LLC acquired a new position in ITT in the first quarter valued at about $365,000. Platform Technology Partners purchased a new position in shares of ITT during the first quarter worth $219,000. Eagle Bluffs Wealth Management LLC raised its holdings in shares of ITT by 1.4% in the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 19,226 shares of the conglomerate’s stock valued at $3,671,000 after buying an additional 258 shares during the period. Root Financial Partners LLC lifted its stake in ITT by 142.5% during the 1st quarter. Root Financial Partners LLC now owns 1,159 shares of the conglomerate’s stock worth $221,000 after acquiring an additional 681 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in ITT by 109.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 319 shares of the conglomerate’s stock valued at $61,000 after acquiring an additional 167 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ITT

In other ITT news, insider Lori B. Marino sold 7,123 shares of the company’s stock in a transaction 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 sale, the insider owned 8,729 shares of the company’s stock, valued at approximately $1,817,988.83. This represents a 44.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $41,682.00. Following the transaction, the chief accounting officer directly owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

ITT has been the subject of several recent research reports. BMO Capital Markets assumed coverage on shares of ITT in a research note on Friday, March 27th. They issued an “outperform” rating and a $233.00 price objective for the company. Barclays upped their price objective on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Citigroup lifted their target price on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, May 7th. The Goldman Sachs Group initiated coverage on ITT in a report on Tuesday, March 31st. They set a “buy” rating and a $270.00 price target on the stock. Finally, DA Davidson increased their price target on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.42.

ITT Stock Performance

NYSE:ITT traded up $1.65 during mid-day trading on Friday, reaching $194.65. 803,033 shares of the stock were exchanged, compared to its average volume of 1,023,858. The stock has a market capitalization of $17.40 billion, a P/E ratio of 34.33, a P/E/G ratio of 1.83 and a beta of 1.27. ITT Inc. has a 1 year low of $154.29 and a 1 year high of $225.26. The company has a 50 day simple moving average of $195.55 and a 200-day simple moving average of $194.40. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71.

ITT (NYSE:ITT) last posted its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.21. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company’s revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Analysts anticipate that ITT Inc. will post 7.91 earnings per share for the current fiscal year.

ITT Dividend Announcement

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

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.