Sivia Capital Partners LLC Makes New Investment in ITT Inc. $ITT

Sivia Capital Partners LLC acquired a new position in shares of ITT Inc. (NYSE:ITT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,731 shares of the conglomerate’s stock, valued at approximately $474,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ITT. Northwestern Mutual Wealth Management Co. boosted 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 worth $263,458,000 after purchasing an additional 1,515,695 shares during the period. Norges Bank bought a new position in ITT during the fourth quarter worth $194,884,000. Vanguard Group Inc. boosted its position in ITT by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock worth $1,467,976,000 after purchasing an additional 620,217 shares during the period. Brown Brothers Harriman & Co. boosted its position in ITT by 86,878.2% during the third quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate’s stock worth $47,889,000 after purchasing an additional 267,585 shares during the period. Finally, Seven Grand Managers LLC acquired a new stake in shares of ITT during the fourth quarter worth $43,378,000. 91.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

ITT has been the subject of a number of research reports. Robert W. Baird set a $246.00 target price on ITT in a report on Thursday, May 7th. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson lifted their target price on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Citigroup lifted their target price on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, KeyCorp lifted their target price on ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, ITT has a consensus rating of “Moderate Buy” and an average target price of $234.91.

ITT Price Performance

ITT stock opened at $191.61 on Friday. The stock has a market capitalization of $17.13 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 1.82 and a beta of 1.27. ITT Inc. has a 52-week low of $149.02 and a 52-week high of $225.26. The stock’s 50 day moving average price is $203.28 and its two-hundred day moving average price is $192.05. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53.

ITT (NYSE:ITT) last posted its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, equities analysts predict that ITT Inc. will post 7.9 earnings per share for the current year.

ITT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be paid a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, June 8th. ITT’s dividend payout ratio is 27.16%.

Insiders Place Their Bets

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 completion of the transaction, the insider owned 8,729 shares in the company, valued at $1,817,988.83. This represents a 44.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the company’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 owned 7,859 shares of the company’s stock, valued at $1,637,894.19. This trade represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by corporate insiders.

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.