Tidal Investments LLC Sells 34,703 Shares of ITT Inc. $ITT

Key Points

• Tidal Investments cut its ITT stake by 83.4% in the second quarter, selling 34,703 shares and retaining 6,889 shares valued at approximately $1.36 million. Institutional investors collectively own 91.59% of ITT.
• ITT reported quarterly earnings of $2.08 per share, exceeding estimates of $1.92, while revenue rose 51.5% year over year to $1.47 billion. The company issued fiscal 2026 EPS guidance of $8.12–$8.32.
• Analysts maintain a favorable outlook, with nine Buy ratings and one Hold rating and a consensus price target of $252.60, compared with the reported share price of $204.91. ITT also declared a quarterly dividend of $0.386 per share.

Tidal Investments LLC lessened its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 83.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,889 shares of the conglomerate's stock after selling 34,703 shares during the period. Tidal Investments LLC's holdings in ITT were worth $1,362,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ITT. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of ITT during the 2nd quarter worth $28,000. Trust Co. of Vermont bought a new position in ITT in the 2nd quarter worth $33,000. Elyxium Wealth LLC bought a new position in ITT in the 4th quarter worth $29,000. Bayban acquired a new position in ITT during the 4th quarter worth $31,000. Finally, Transamerica Financial Advisors LLC bought a new stake in ITT during the second quarter valued at about $43,000. Institutional investors own 91.59% of the company's stock.

ITT Stock Performance

Shares of NYSE ITT opened at $204.91 on Friday. The firm has a market capitalization of $18.32 billion, a price-to-earnings ratio of 40.18, a PEG ratio of 1.66 and a beta of 1.27. ITT Inc. has a one year low of $166.96 and a one year high of $230.32. The business has a fifty day simple moving average of $202.74 and a 200 day simple moving average of $199.36. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60.

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

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.386 per share. 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 dividend payout ratio (DPR) is currently 30.20%.

Insider Transactions at ITT

In related news, CEO Luca Savi bought 5,019 shares of the company's stock in a transaction dated Monday, August 31st. The stock was acquired at an average cost of $199.56 per share, with a total value of $1,001,591.64. Following the acquisition, the chief executive officer owned 267,373 shares in the company, valued at approximately $53,356,955.88. This represents a 1.91% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Graziano De sold 700 shares of the firm's stock in a transaction that occurred on 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 owned 7,159 shares of the company's stock, valued at $1,535,891.86. This trade represents a 8.91% decrease in their position. The SEC filing for this sale provides additional information. 0.88% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ITT. Stifel Nicolaus increased their target price on ITT from $246.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, July 20th. DA Davidson upped their price target on ITT from $255.00 to $265.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. KeyCorp increased their price objective on ITT from $250.00 to $263.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. BMO Capital Markets restated an "outperform" rating and issued a $273.00 price objective on shares of ITT in a research note on Friday, August 7th. Finally, Weiss Ratings raised shares of ITT from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, September 4th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, ITT has an average rating of "Moderate Buy" and a consensus target price of $252.60.

ITT Profile

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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