Sivia Capital Partners LLC Purchases New Position in ITT Inc. $ITT

Sivia Capital Partners LLC purchased a new stake in ITT Inc. (NYSE:ITT) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,731 shares of the conglomerate’s stock, valued at approximately $474,000.

Other hedge funds have also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new stake in ITT during the 4th quarter worth approximately $29,000. Entrust Financial LLC acquired a new stake in ITT during the 4th quarter worth approximately $36,000. Triumph Capital Management acquired a new stake in ITT during the 3rd quarter worth approximately $37,000. Measured Wealth Private Client Group LLC acquired a new stake in ITT during the 3rd quarter worth approximately $43,000. Finally, Key Financial Inc acquired a new stake in ITT during the 3rd quarter worth approximately $47,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ITT

In related news, CAO Mesa Graziano Cheryl De sold 200 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the completion of the transaction, the insider directly owned 8,729 shares of the company’s stock, valued at $1,817,988.83. This represents a 44.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by company insiders.

ITT Price Performance

Shares of ITT opened at $191.61 on Friday. The stock has a market capitalization of $17.13 billion, a P/E ratio of 33.79, a P/E/G ratio of 1.82 and a beta of 1.27. ITT Inc. has a twelve month low of $149.02 and a twelve month high of $225.26. The company has a 50 day moving average of $203.28 and a 200-day moving average of $192.05. 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 issued its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.21. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period last year, the business earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, equities research analysts forecast that ITT Inc. will post 7.9 EPS for the current fiscal year.

ITT Announces Dividend

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

Analyst Upgrades and Downgrades

ITT has been the topic of several research analyst reports. BMO Capital Markets initiated coverage on shares of ITT in a report on Friday, March 27th. They set an “outperform” rating and a $233.00 target price on the stock. Stifel Nicolaus set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. KeyCorp raised their target price on shares of ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, ITT presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.91.

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.