Hudson Bay Capital Management LP Lowers Stock Holdings in ITT Inc. $ITT

Hudson Bay Capital Management LP lessened its position in shares of ITT Inc. (NYSE:ITT) by 69.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,665 shares of the conglomerate’s stock after selling 17,773 shares during the period. Hudson Bay Capital Management LP’s holdings in ITT were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. increased its position in shares of ITT by 10.9% in the third quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock worth $100,000 after purchasing an additional 55 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of ITT by 0.3% in 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 during the period. Covestor Ltd lifted its position in ITT by 15.3% in the third quarter. Covestor Ltd now owns 512 shares of the conglomerate’s stock valued at $92,000 after purchasing an additional 68 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of ITT by 1.5% in 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 during the period. Finally, IFP Advisors Inc raised its holdings in ITT by 4.0% during the 3rd quarter. IFP Advisors Inc now owns 1,847 shares of the conglomerate’s stock valued at $330,000 after buying an additional 71 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ITT shares. Robert W. Baird set a $222.00 price objective on shares of ITT in a research report on Friday, February 6th. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. KeyCorp upped their price target on ITT from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Citigroup increased their price objective on ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, Barclays assumed coverage on ITT in a research report on Monday, March 9th. They issued an “equal weight” rating and a $220.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, ITT currently has an average rating of “Moderate Buy” and a consensus target price of $216.50.

ITT Stock Performance

ITT opened at $183.22 on Monday. The company’s 50 day moving average is $192.05 and its 200 day moving average is $183.40. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 1.69 and a beta of 1.34. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $209.70.

ITT (NYSE:ITT) last released its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.06. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, equities research analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be issued a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. This is a positive change from ITT’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 6th. ITT’s payout ratio is presently 25.20%.

Insider Transactions at ITT

In other news, CEO Luca Savi sold 63,450 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the sale, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at $50,028,284.26. This represents a 19.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by insiders.

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.