ITT Inc. (NYSE:ITT) Short Interest Update

ITT Inc. (NYSE:ITT) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 4,722,717 shares, a growth of 55.4% from the February 26th total of 3,039,018 shares. Approximately 5.5% of the company’s stock are short sold. Based on an average daily volume of 1,061,457 shares, the days-to-cover ratio is currently 4.4 days.

Insiders Place Their Bets

In related news, CEO Luca Savi sold 63,450 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the transaction, the chief executive officer directly owned 262,354 shares in the company, valued at $50,028,284.26. The trade was a 19.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by company insiders.

Institutional Trading of ITT

A number of hedge funds have recently modified their holdings of the stock. Capital International Investors lifted its holdings in ITT by 3.0% in the fourth quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate’s stock valued at $1,526,421,000 after acquiring an additional 258,936 shares during the period. Vanguard Group Inc. increased 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 valued at $1,467,976,000 after purchasing an additional 620,217 shares in the last quarter. State Street Corp lifted its stake in shares of ITT by 7.4% in the 4th quarter. State Street Corp now owns 2,546,710 shares of the conglomerate’s stock valued at $441,880,000 after purchasing an additional 175,367 shares during the period. Geode Capital Management LLC boosted its holdings in ITT by 15.6% during the fourth quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate’s stock worth $280,267,000 after buying an additional 217,360 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in ITT by 55,929.7% during 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 buying an additional 1,515,695 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of ITT in a report on Friday. They set an “outperform” rating and a $233.00 price objective on the stock. KeyCorp raised their price target on shares of ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Barclays started coverage on shares of ITT in a report on Monday, March 9th. They set an “equal weight” rating and a $220.00 price objective on the stock. DA Davidson set a $245.00 target price on ITT in a research note on Monday, February 9th. Finally, Citigroup boosted 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. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ITT presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.00.

ITT Stock Performance

Shares of ITT stock traded down $2.07 during trading hours on Friday, hitting $184.89. The company’s stock had a trading volume of 621,509 shares, compared to its average volume of 1,006,169. The stock has a market cap of $15.90 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. ITT has a 12-month low of $105.64 and a 12-month high of $209.70. The company has a 50 day moving average of $192.73 and a 200 day moving average of $184.01. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

ITT (NYSE:ITT) last issued its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.06. ITT had a net margin of 12.39% and a return on equity of 17.74%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company posted $1.50 earnings per share. The firm’s revenue was up 13.5% compared to the same quarter last year. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, sell-side analysts forecast that ITT will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be issued a $0.386 dividend. This is a boost from ITT’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is presently 25.20%.

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.