ITT Inc. $ITT Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 92.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,895 shares of the conglomerate's stock after selling 63,935 shares during the period. Hsbc Holdings PLC's holdings in ITT were worth $968,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ITT. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in ITT in the 2nd quarter valued at about $28,000. Elyxium Wealth LLC bought a new stake in shares of ITT during the 4th quarter worth about $29,000. Bayban acquired a new stake in shares of ITT in the 4th quarter worth approximately $31,000. Trust Co. of Vermont bought a new position in shares of ITT in the second quarter valued at approximately $33,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of 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 acquiring an additional 76 shares during the period. 91.59% of the stock is currently owned by institutional investors.

ITT Stock Up 0.0%

NYSE:ITT opened at $204.22 on Monday. The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 1.67 and a beta of 1.27. ITT Inc. has a 1-year low of $166.96 and a 1-year high of $230.32. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The business's fifty day moving average price is $201.68 and its 200 day moving average price is $199.51.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company posted $1.64 EPS. The business'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. On average, sell-side analysts forecast that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be paid a $0.386 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT's payout ratio is 30.20%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup upped their target price on ITT from $254.00 to $267.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Weiss Ratings raised ITT from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, September 4th. Wolfe Research upgraded ITT from a "peer perform" rating to an "outperform" rating and set a $229.00 price objective for the company in a report on Thursday, July 9th. KeyCorp lifted their target price on ITT from $250.00 to $263.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $273.00 price target on shares of ITT in a research report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, ITT currently has an average rating of "Moderate Buy" and a consensus price target of $244.82.

Insider Activity

In other ITT news, CAO Graziano De sold 700 shares of the company's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $214.54, for a total value of $150,178.00. Following the transaction, the chief accounting officer directly owned 7,159 shares of the company's stock, valued at $1,535,891.86. This represents a 8.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Luca Savi purchased 5,019 shares of the business's stock in a transaction dated Monday, August 31st. The shares were purchased at an average cost of $199.56 per share, with a total value of $1,001,591.64. Following the completion of the purchase, the chief executive officer directly owned 267,373 shares in the company, valued at approximately $53,356,955.88. This represents a 1.91% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.88% of the company's stock.

More ITT News

Here are the key news stories impacting ITT this week:

• Positive Sentiment: Zacks raises multiple EPS forecasts: Zacks Research increased its FY2026 EPS estimate to $8.28 from $8.27, FY2027 to $9.10 from $9.08, and FY2028 to $10.55 from $10.53. It also raised its third-quarter and fourth-quarter 2027 estimates to $2.44 and $2.39, respectively. The FY2026 forecast is slightly above the broader $8.25 consensus, suggesting incremental confidence in ITT’s earnings outlook. ITT analyst estimate revisions
• Neutral Sentiment: Peer-performance comparison: A Zacks analysis compares ITT’s year-to-date performance with Mitsubishi Corp. and other conglomerate-sector stocks. The supplied article excerpt provides no specific performance figures or new catalyst, so its direct impact on ITT shares appears limited. ITT peer performance analysis
• Neutral Sentiment: Upcoming investor conference: ITT will participate in D.A. Davidson’s Diversified Industrials & Services Conference on September 24. The event could provide updates on demand, margins, or guidance, but the announcement itself contains no new financial targets. ITT conference announcement
• Neutral Sentiment: Unrelated article: The Nauticus Robotics announcement concerns Nauticus Robotics, ticker KITT, not ITT Inc. NYSE: ITT, and therefore should not affect ITT’s stock.

About ITT

ITT Inc is a diversified industrial manufacturer that develops and produces highly engineered components and systems for transportation, energy, industrial, aerospace and defense, and other specialized markets. The company serves original equipment manufacturers, distributors and aftermarket customers through a portfolio of mission-critical products designed to support safety, efficiency and reliability.

ITT operates through three primary business segments. Motion Technologies supplies brake pads, friction materials, shock absorbers, dampers and related components for automotive and rail applications.

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