Sigma Planning Corp Has $1.27 Million Position in ITT Inc. $ITT

by · The Markets Daily

Sigma Planning Corp lowered its holdings in ITT Inc. (NYSE:ITT – Free Report) by 28.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,424 shares of the conglomerate’s stock after selling 2,539 shares during the period. Sigma Planning Corp’s holdings in ITT were worth $1,270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in ITT during the second quarter valued at $28,000. Elyxium Wealth LLC purchased a new stake in shares of ITT in the fourth quarter worth approximately $29,000. Bayban acquired a new stake in shares of ITT during the fourth quarter worth approximately $31,000. Trust Co. of Vermont acquired a new stake in shares of ITT during the second quarter worth approximately $33,000. Finally, Parkside Financial Bank & Trust grew its position in ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Trading Down 1.3%

ITT stock opened at $200.33 on Tuesday. The firm has a market capitalization of $17.91 billion, a PE ratio of 39.28, a PEG ratio of 1.66 and a beta of 1.27. The business’s 50-day simple moving average is $200.20 and its 200-day simple moving average is $199.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. ITT Inc. has a 52 week low of $166.96 and a 52 week high of $230.32.

ITT (NYSE:ITT – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%.The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company earned $1.64 earnings per share. The company’s quarterly revenue was up 51.5% compared to the same quarter last year. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Equities research analysts forecast that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be paid a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT’s dividend payout ratio (DPR) is presently 30.20%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ITT shares. Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. DA Davidson increased their price objective on ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. BMO Capital Markets restated an “outperform” rating and issued a $273.00 target price on shares of ITT in a research note on Friday, August 7th. Stifel Nicolaus upped their target price on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Robert W. Baird set a $246.00 price target on ITT in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ITT has a consensus rating of “Moderate Buy” and an average target price of $241.08.

Check Out Our Latest Stock Report on ITT

Insider Activity at ITT

In other news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the sale, the chief accounting officer owned 7,159 shares of the company’s stock, valued at approximately $1,535,891.86. This trade represents a 8.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.88% of the company’s stock.

About ITT

(Free Report)

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.

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