Stock Traders Purchase High Volume of ITT Put Options (NYSE:ITT)

ITT Inc. (NYSE:ITT) saw unusually large options trading activity on Monday. Stock traders purchased 2,401 put options on the stock. This is an increase of 261% compared to the typical daily volume of 666 put options.

Insider Activity

In other news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction dated 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 sale, the insider directly owned 8,729 shares in the company, valued at $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total transaction 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 represents a 2.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by company insiders.

Institutional Trading of ITT

A number of institutional investors have recently added to or reduced their stakes in ITT. iSAM Funds UK Ltd purchased a new position in ITT in the 3rd quarter worth approximately $2,113,000. Chesapeake Capital Corp IL purchased a new stake in shares of ITT during the third quarter valued at approximately $1,125,000. Brown Brothers Harriman & Co. lifted its position in shares of 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 in the last quarter. Diversified Trust Co acquired a new position in shares of ITT during the first quarter worth $2,478,000. Finally, TimesSquare Capital Management LLC boosted its stake in shares of ITT by 10.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 226,700 shares of the conglomerate’s stock valued at $39,335,000 after purchasing an additional 21,200 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Trading Up 1.4%

Shares of NYSE:ITT traded up $2.54 during trading on Monday, reaching $189.34. 118,902 shares of the stock were exchanged, compared to its average volume of 911,362. The firm’s 50-day moving average price is $198.26 and its 200 day moving average price is $194.01. The firm has a market cap of $16.93 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 1.76 and a beta of 1.27. ITT has a 12-month low of $154.29 and a 12-month high of $225.26. 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 EPS for the quarter, beating the consensus estimate of $1.77 by $0.21. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. ITT’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, sell-side analysts anticipate that ITT will post 7.91 earnings per share for the current fiscal year.

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 8th. ITT’s dividend payout ratio (DPR) is currently 27.16%.

Analyst Ratings Changes

A number of research analysts have weighed in on ITT shares. Weiss Ratings lowered ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Stifel Nicolaus set a $246.00 price objective on ITT in a research report on Thursday, May 7th. Barclays upped their target price on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group initiated coverage on ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price target on the stock. Finally, DA Davidson upped their price objective on shares of ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $234.91.

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.