ITT Inc. (NYSE:ITT) Sees Large Increase in Short Interest

ITT Inc. (NYSE:ITT) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 2,508,404 shares, an increase of 113.9% from the January 29th total of 1,172,693 shares. Based on an average daily volume of 1,376,806 shares, the days-to-cover ratio is currently 1.8 days. Currently, 2.9% of the company’s stock are sold short. Currently, 2.9% of the company’s stock are sold short. Based on an average daily volume of 1,376,806 shares, the days-to-cover ratio is currently 1.8 days.

ITT Stock Performance

Shares of NYSE:ITT traded down $2.99 during trading on Friday, hitting $201.16. 26,002 shares of the company traded hands, compared to its average volume of 894,775. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average is $188.04 and its 200-day moving average is $180.87. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.93 and a beta of 1.37. ITT has a one year low of $105.64 and a one year high of $209.70.

ITT (NYSE:ITT) last announced its quarterly 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 business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.The business’s revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, equities analysts predict that ITT will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be given a dividend of $0.386 per share. This is an increase from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, March 6th. ITT’s payout ratio is currently 22.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ITT shares. DA Davidson set a $245.00 target price on ITT in a research report on Monday, February 9th. Wall Street Zen downgraded shares of ITT from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Citigroup raised their price objective on shares of ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Robert W. Baird set a $222.00 target price on shares of ITT in a research note on Friday, February 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $216.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. MidFirst Bank acquired a new stake in shares of ITT in the fourth quarter valued at approximately $360,000. Pacer Advisors Inc. grew its holdings in ITT by 114.4% in the 4th quarter. Pacer Advisors Inc. now owns 22,252 shares of the conglomerate’s stock worth $3,861,000 after buying an additional 11,872 shares in the last quarter. Dean Capital Management grew its holdings in ITT by 3.3% in the 4th quarter. Dean Capital Management now owns 12,168 shares of the conglomerate’s stock worth $2,111,000 after buying an additional 388 shares in the last quarter. Compound Planning Inc. increased its position in ITT by 8.1% in the 4th quarter. Compound Planning Inc. now owns 2,335 shares of the conglomerate’s stock valued at $405,000 after acquiring an additional 175 shares during the period. Finally, Invesco Ltd. raised its stake in ITT by 15.2% during the 4th quarter. Invesco Ltd. now owns 1,300,760 shares of the conglomerate’s stock valued at $225,695,000 after acquiring an additional 171,827 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

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.