Kennedy Capital Management LLC Trims Stock Position in ITT Inc. $ITT

Kennedy Capital Management LLC trimmed its holdings in ITT Inc. (NYSE:ITT) by 12.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 112,965 shares of the conglomerate’s stock after selling 15,739 shares during the period. Kennedy Capital Management LLC’s holdings in ITT were worth $20,194,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITT. True Wealth Design LLC raised its stake in shares of ITT by 219.2% during the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after buying an additional 114 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in ITT during the second quarter worth about $27,000. Quent Capital LLC acquired a new stake in ITT during the third quarter worth about $37,000. MTM Investment Management LLC purchased a new position in ITT during the second quarter valued at approximately $39,000. Finally, Bayforest Capital Ltd acquired a new position in ITT in the third quarter valued at approximately $46,000. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Price Performance

ITT stock traded down $1.34 during trading on Friday, reaching $185.22. The company had a trading volume of 24,691 shares, compared to its average volume of 932,480. The firm has a market capitalization of $15.93 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 1.75 and a beta of 1.34. The firm’s 50-day simple moving average is $191.12 and its 200 day simple moving average is $182.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $209.70.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating 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 net margin of 12.39% and a return on equity of 17.74%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm posted $1.50 earnings per share. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, equities research analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on ITT. Wall Street Zen upgraded ITT from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Barclays began coverage on shares of ITT in a research note on Monday. They issued an “equal weight” rating and a $220.00 target price for the company. Citigroup lifted their price objective on shares of ITT from $225.00 to $243.00 and gave the company a “buy” rating in a report on Monday, February 9th. Stifel Nicolaus increased their target price on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Robert W. Baird set a $222.00 target price on ITT in a research report on Friday, February 6th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and an average target price of $216.50.

Insider Activity at ITT

In other news, CEO Luca Savi sold 63,450 shares of the firm’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 value of $12,099,280.50. Following the transaction, the chief executive officer owned 262,354 shares in the company, valued at $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is 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.