ITT Inc. (NYSE:ITT) Short Interest Up 41.0% in December

ITT Inc. (NYSE:ITT) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 2,034,829 shares, an increase of 41.0% from the November 30th total of 1,442,746 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 1,529,072 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 1,529,072 shares, the short-interest ratio is presently 1.3 days. Currently, 2.4% of the company’s stock are short sold.

ITT Stock Performance

Shares of ITT stock traded down $0.45 during mid-day trading on Monday, hitting $177.44. 1,980,711 shares of the stock were exchanged, compared to its average volume of 1,140,572. The stock’s fifty day simple moving average is $180.38 and its two-hundred day simple moving average is $171.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.52. ITT has a 12-month low of $105.64 and a 12-month high of $197.07. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 29.47, a P/E/G ratio of 2.12 and a beta of 1.37.

ITT (NYSE:ITT) last posted its earnings results on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.11. The business had revenue of $999.10 million during the quarter, compared to the consensus estimate of $973.69 million. ITT had a return on equity of 18.96% and a net margin of 12.67%.The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.46 EPS. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. On average, analysts forecast that ITT will post 6.51 EPS for the current year.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be issued a $0.351 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, December 1st. ITT’s dividend payout ratio is presently 23.26%.

Insider Buying and Selling at ITT

In other ITT news, CFO Emmanuel Caprais sold 5,500 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $185.23, for a total transaction of $1,018,765.00. Following the sale, the chief financial officer owned 36,830 shares in the company, valued at $6,822,020.90. This represents a 12.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mesa Graziano Cheryl De sold 238 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $183.08, for a total value of $43,573.04. Following the completion of the sale, the chief accounting officer directly owned 5,062 shares in the company, valued at $926,750.96. This represents a 4.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.47% of the company’s stock.

Institutional Trading of ITT

Institutional investors and hedge funds have recently bought and sold shares of the business. Ieq Capital LLC grew its position in ITT by 182.4% during the 1st quarter. Ieq Capital LLC now owns 8,129 shares of the conglomerate’s stock worth $1,050,000 after purchasing an additional 5,250 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of ITT during the first quarter worth about $7,239,000. State of Wyoming boosted its stake in shares of ITT by 34.2% during the first quarter. State of Wyoming now owns 3,007 shares of the conglomerate’s stock worth $388,000 after buying an additional 766 shares during the period. Vident Advisory LLC grew its holdings in shares of ITT by 24.9% during the first quarter. Vident Advisory LLC now owns 3,788 shares of the conglomerate’s stock worth $489,000 after buying an additional 755 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in ITT in the 1st quarter valued at about $337,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. KeyCorp boosted their price target on shares of ITT from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. TD Cowen increased their target price on ITT from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Stifel Nicolaus set a $225.00 price target on ITT in a research note on Friday, December 5th. Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $207.13.

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.