ITT Inc. $ITT Stock Position Decreased by Paradice Investment Management LLC

Key Points

• Paradice Investment Management cut its position in ITT by 5.4% in Q4 to 143,786 shares (about $24.95M), making ITT its 12th-largest holding and ~4.9% of the fund.
• CEO Luca Savi sold 63,450 shares on March 5 for roughly $12.1M (avg $190.69), reducing his stake by 19.47%; insiders now own 0.88% of the company.
• Analysts are largely positive—10 Buys and 1 Hold with a consensus target of $225.55—after ITT beat quarterly EPS and the company raised its quarterly dividend to $0.386 ($1.54 annual, ~0.7% yield).

Paradice Investment Management LLC decreased its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,786 shares of the conglomerate's stock after selling 8,214 shares during the quarter. ITT makes up approximately 4.9% of Paradice Investment Management LLC's holdings, making the stock its 12th biggest holding. Paradice Investment Management LLC owned 0.17% of ITT worth $24,948,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ITT. Capital International Investors raised its position in shares of ITT by 0.5% during the 3rd quarter. Capital International Investors now owns 8,538,229 shares of the conglomerate's stock worth $1,526,281,000 after purchasing an additional 38,433 shares during the period. Alliancebernstein L.P. boosted its position in ITT by 11.2% during the 3rd quarter. Alliancebernstein L.P. now owns 1,188,219 shares of the conglomerate's stock valued at $212,406,000 after purchasing an additional 119,601 shares during the period. Invesco Ltd. boosted its position in ITT by 3.1% during the 3rd quarter. Invesco Ltd. now owns 1,128,933 shares of the conglomerate's stock valued at $201,808,000 after purchasing an additional 34,183 shares during the period. Ameriprise Financial Inc. grew its stake in ITT by 1.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 786,681 shares of the conglomerate's stock worth $123,376,000 after buying an additional 7,562 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in ITT by 6.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 744,188 shares of the conglomerate's stock worth $133,031,000 after buying an additional 43,336 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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 value of $12,099,280.50. Following the completion of the sale, the chief executive officer directly 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 link. Company insiders own 0.88% of the company's stock.

Wall Street Analyst Weigh In

ITT has been the topic of a number of recent research reports. Citigroup raised their target price on ITT from $225.00 to $243.00 and gave the company a "buy" rating in a research note on Monday, February 9th. BMO Capital Markets assumed coverage on shares of ITT in a research report on Friday, March 27th. They set an "outperform" rating and a $233.00 price target for the company. KeyCorp increased their price objective on shares of ITT from $215.00 to $230.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Weiss Ratings reiterated a "buy (b)" rating on shares of ITT in a research report on Tuesday. Finally, Robert W. Baird set a $222.00 target price on shares of ITT in a research note on Friday, February 6th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $225.55.

ITT Stock Up 1.1%

ITT opened at $219.40 on Friday. The stock's 50 day moving average price is $199.71 and its 200 day moving average price is $187.69. 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 stock has a market cap of $19.61 billion, a P/E ratio of 35.91, a P/E/G ratio of 2.04 and a beta of 1.32. ITT Inc. has a 12 month low of $131.98 and a 12 month high of $224.12.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.06. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.The firm's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, research analysts predict that ITT Inc. will post 7.9 earnings per share for the current year.

ITT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 6th were given a dividend of $0.386 per share. This is a positive change from ITT's previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. ITT's payout ratio is presently 25.20%.

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.

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