Sovereign s Capital Management LLC Sells 5,007 Shares of ITT Inc. $ITT

Sovereign s Capital Management LLC trimmed its stake in shares of ITT Inc. (NYSE:ITT) by 77.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,455 shares of the conglomerate’s stock after selling 5,007 shares during the quarter. Sovereign s Capital Management LLC’s holdings in ITT were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Andina Capital Management LLC boosted its position in ITT by 1.6% during the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after purchasing an additional 49 shares during the period. Assetmark Inc. lifted its holdings in shares of ITT by 10.9% during the third quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock worth $100,000 after buying an additional 55 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of ITT by 3.8% during the fourth quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock worth $287,000 after buying an additional 60 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of ITT by 0.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate’s stock worth $4,454,000 after buying an additional 65 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of ITT by 1.5% during the third quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock worth $845,000 after buying an additional 69 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ITT shares. 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. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Stifel Nicolaus set a $246.00 target price on ITT in a report on Thursday, May 7th. DA Davidson boosted their price target on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Barclays boosted their price target on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $234.91.

ITT Stock Down 0.6%

Shares of NYSE ITT opened at $194.08 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market cap of $17.35 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.84 and a beta of 1.27. ITT Inc. has a 12 month low of $149.02 and a 12 month high of $225.26. The stock has a 50-day moving average price of $203.44 and a two-hundred day moving average price of $192.55.

ITT (NYSE:ITT) last issued its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping the consensus estimate of $1.77 by $0.21. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The business’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, analysts forecast that ITT Inc. will post 7.9 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. Shareholders of record on Monday, June 8th will be paid a dividend of $0.386 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s payout ratio is presently 27.16%.

Insider Activity

In other news, insider Lori B. Marino sold 7,123 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the sale, the insider directly owned 8,729 shares in the company, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the sale, the chief accounting officer owned 7,859 shares in the company, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by insiders.

ITT Company 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.