Luca Savi Sells 63,450 Shares of ITT (NYSE:ITT) Stock

ITT Inc. (NYSE:ITT) 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 transaction of $12,099,280.50. Following the transaction, the chief executive officer owned 262,354 shares in the company, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

ITT Stock Down 2.9%

ITT stock opened at $185.21 on Friday. The company has a market cap of $15.93 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 1.76 and a beta of 1.34. The company has a fifty day moving average price of $190.09 and a 200 day moving average price of $181.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $209.70.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.06. The company 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%. ITT’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the firm posted $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Sell-side analysts expect that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be issued a dividend of $0.386 per share. 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%. The ex-dividend date of this dividend is Friday, March 6th. ITT’s dividend payout ratio is 22.91%.

Wall Street Analyst Weigh In

Several analysts have commented on ITT shares. Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. Citigroup upped their price target on ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Robert W. Baird set a $222.00 price objective on shares of ITT in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Finally, Stifel Nicolaus raised 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. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, ITT currently has an average rating of “Buy” and a consensus price target of $216.11.

Hedge Funds Weigh In On ITT

Several hedge funds have recently bought and sold shares of the company. Andina Capital Management LLC boosted its position in ITT by 1.6% during the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock worth $549,000 after purchasing an additional 49 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of ITT by 2.2% during the 4th quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after buying an additional 53 shares during the last quarter. Assetmark Inc. boosted its position in shares of ITT by 10.9% in the 3rd quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock worth $100,000 after buying an additional 55 shares in the last quarter. Stephens Inc. AR grew its stake in ITT by 3.8% in the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after acquiring an additional 60 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in ITT by 0.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate’s stock valued at $4,454,000 after acquiring an additional 65 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

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.