ITT Inc. (NYSE:ITT) Short Interest Update

ITT Inc. (NYSE:ITT) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 4,722,717 shares, an increase of 55.4% from the February 26th total of 3,039,018 shares. Based on an average daily trading volume, of 1,061,457 shares, the days-to-cover ratio is presently 4.4 days. Currently, 5.5% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Robert W. Baird set a $222.00 price objective on shares of ITT in a research note on Friday, February 6th. Wall Street Zen upgraded ITT from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Stifel Nicolaus lifted their price target on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Barclays began coverage on ITT in a report on Monday, March 9th. They set an “equal weight” rating and a $220.00 price target for the company. Finally, KeyCorp upped their price objective on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $218.00.

ITT Price Performance

Shares of NYSE:ITT opened at $184.89 on Monday. ITT has a one year low of $105.64 and a one year high of $209.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.71 and a beta of 1.34. The firm has a 50 day simple moving average of $192.73 and a 200 day simple moving average of $184.01.

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

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be given a dividend of $0.386 per share. The ex-dividend date is Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. This is an increase from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio is presently 25.20%.

Insider Activity 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 shares were sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the sale, the chief executive officer owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. This represents a 19.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On ITT

Several large investors have recently bought and sold shares of ITT. Amundi boosted its stake in shares of ITT by 22,565.6% during the first quarter. Amundi now owns 7,253 shares of the conglomerate’s stock valued at $867,000 after purchasing an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of ITT by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate’s stock valued at $54,020,000 after buying an additional 28,937 shares during the period. Empowered Funds LLC bought a new position in ITT in the 1st quarter valued at approximately $360,000. Focus Partners Wealth raised its holdings in ITT by 80.7% in the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate’s stock valued at $1,017,000 after buying an additional 3,515 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in ITT by 6.2% during the 2nd quarter. Cetera Investment Advisers now owns 7,066 shares of the conglomerate’s stock worth $1,108,000 after buying an additional 414 shares during the period. 91.59% of the stock is currently owned by institutional investors.

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.