Sigma Planning Corp Has $1.27 Million Stock Holdings in ITT Inc. $ITT

Sigma Planning Corp cut its position in ITT Inc. (NYSE:ITT) by 28.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 6,424 shares of the conglomerate’s stock after selling 2,539 shares during the quarter. Sigma Planning Corp’s holdings in ITT were worth $1,270,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Amundi grew its holdings in ITT by 22,565.6% during the 1st quarter. Amundi now owns 7,253 shares of the conglomerate’s stock worth $867,000 after acquiring an additional 7,221 shares during the last quarter. Goldman Sachs Group Inc. increased its position in ITT by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock worth $54,020,000 after purchasing an additional 28,937 shares during the period. Empowered Funds LLC bought a new stake in ITT during the 1st quarter worth about $360,000. Focus Partners Wealth lifted its position in ITT by 80.7% during the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after purchasing an additional 3,515 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of ITT in the 2nd quarter valued at about $1,880,000. Institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

Shares of ITT opened at $200.33 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $200.20 and a 200 day simple moving average of $199.70. The stock has a market capitalization of $17.91 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 1.66 and a beta of 1.27. ITT Inc. has a 12 month low of $166.96 and a 12 month high of $230.32.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, beating the consensus estimate of $1.92 by $0.16. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm’s revenue for the quarter was up 51.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Research analysts forecast that ITT Inc. will post 8.25 EPS for the current fiscal year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.386 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is 30.20%.

Insiders Place Their Bets

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $214.54, for a total value of $150,178.00. Following the completion of the sale, the chief accounting officer directly owned 7,159 shares in the company, valued at $1,535,891.86. The trade was a 8.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ITT. Barclays boosted their price target on shares of ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Stifel Nicolaus lifted their target price on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. KeyCorp lifted their price objective on ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, Robert W. Baird set a $246.00 target price on ITT in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $241.08.

ITT 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.