Jefferies Financial Group Inc. cut its holdings in ITT Inc. (NYSE:ITT – Free Report) by 27.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,650 shares of the conglomerate’s stock after selling 10,600 shares during the period. Jefferies Financial Group Inc.’s holdings in ITT were worth $5,580,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ITT. Everhart Financial Group Inc. increased its holdings in shares of ITT by 0.8% in the 3rd quarter. Everhart Financial Group Inc. now owns 8,589 shares of the conglomerate’s stock valued at $1,733,000 after acquiring an additional 66 shares during the last quarter. Essential Partners LLC lifted its stake in ITT by 9.4% during the first quarter. Essential Partners LLC now owns 1,052 shares of the conglomerate’s stock worth $200,000 after purchasing an additional 90 shares during the last quarter. Twin Capital Management Inc. lifted its stake in ITT by 1.9% during the first quarter. Twin Capital Management Inc. now owns 5,606 shares of the conglomerate’s stock worth $1,068,000 after purchasing an additional 107 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in ITT by 7.3% in the third quarter. Farther Finance Advisors LLC now owns 1,691 shares of the conglomerate’s stock valued at $341,000 after purchasing an additional 115 shares in the last quarter. Finally, Greenline Wealth Management LLC boosted its holdings in ITT by 12.8% in the first quarter. Greenline Wealth Management LLC now owns 1,121 shares of the conglomerate’s stock valued at $214,000 after purchasing an additional 127 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.
ITT Stock Down 0.2%
ITT stock opened at $214.50 on Friday. ITT Inc. has a fifty-two week low of $166.96 and a fifty-two week high of $230.32. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.29. The company has a market capitalization of $19.13 billion, a P/E ratio of 44.14, a PEG ratio of 1.52 and a beta of 1.25. The stock has a 50-day simple moving average of $202.44 and a 200-day simple moving average of $199.98.
ITT (NYSE:ITT – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The conglomerate reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.18. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. ITT had a return on equity of 15.47% and a net margin of 8.07%. The firm’s quarterly revenue was up 44.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 EPS. Equities research analysts expect that ITT Inc. will post 8.60 earnings per share for the current year.
ITT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be given a dividend of $0.3860 per share. The ex-dividend date is Friday, December 4th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. ITT’s dividend payout ratio (DPR) is 31.69%.
Insiders Place Their Bets
In other ITT news, CEO Luca Savi bought 5,019 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were acquired at an average cost of $199.56 per share, with a total value of $1,001,591.64. Following the acquisition, the chief executive officer directly owned 267,373 shares of the company’s stock, valued at $53,356,955.88. The trade was a 1.91% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Graziano De sold 500 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $214.01, for a total transaction of $107,005.00. Following the completion of the sale, the chief accounting officer owned 6,659 shares of the company’s stock, valued at approximately $1,425,092.59. This trade represents a 6.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.88% of the company’s stock.
Recent ITT Headlines
Here are a few of the latest headlines about ITT:
- Positive Sentiment: Zacks described ITT as a strong momentum stock, highlighting characteristics that may appeal to momentum-focused investors. Article: Here’s Why ITT (ITT) is a Strong Momentum Stock
- Neutral Sentiment: ITT presented at the Baird 2026 Global Industrial Conference; the available report is a slideshow and provides no specific new development in the supplied summary. Article: ITT Inc. Presents at Baird 2026 Global Industrial Conference
- Negative Sentiment: Chief Accounting Officer Graziano De sold 500 shares for about $107,000, reducing her position by 6.98%. She retained 6,659 shares, so the transaction was limited in size but may draw some attention as an insider sale. SEC insider transaction filing
Analysts Set New Price Targets
Several equities analysts have commented on the stock. KeyCorp increased their price target on shares of ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of ITT from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. DA Davidson upped their target price on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Citigroup dropped their target price on shares of ITT from $267.00 to $251.00 and set a “buy” rating on the stock in a research report on Friday, November 6th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $273.00 price target on shares of ITT in a research note on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, ITT presently has an average rating of “Moderate Buy” and an average price target of $258.78.
ITT Company Profile
ITT Inc. is a global manufacturer of engineered components and technology serving industrial, transportation, aerospace and defense, and energy markets. Its products include pumps and valves, brake pads and shock absorbers, and specialized connectors and control components. The company operates through three main businesses: Motion Technologies, Industrial Process, and Connect & Control Technologies. These businesses provide products and services used in applications ranging from automotive braking systems and industrial fluid handling to aerospace equipment and energy infrastructure.
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