ITT (NYSE:ITT) Shares Unloaded by Rep. Gilbert Ray Cisneros, Jr.

Key Points

• Rep. Gilbert Ray Cisneros Jr. sold between $15,001 and $50,000 of ITT shares on September 29, according to a filing disclosed October 12.
• ITT reported quarterly earnings of $2.08 per share, exceeding the $1.92 consensus estimate, while revenue rose 51.5% year over year to $1.47 billion.
• Analysts maintain a favorable outlook, with eight Buy ratings and one Hold rating and a consensus price target of $259.56, compared with an opening price of $201.54.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of ITT Inc. (NYSE:ITT). In a filing disclosed on October 12th, the Representative disclosed that they had sold between $15,001 and $50,000 in ITT stock on September 29th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Benchmark Electronics NYSE: BHE on 10/1/2026.
• Sold $1,001 - $15,000 in shares of Oxford Industries NYSE: OXM on 9/29/2026.
• Sold $1,001 - $15,000 in shares of Semtech NASDAQ: SMTC on 9/29/2026.
• Sold $1,001 - $15,000 in shares of BridgeBio Pharma NASDAQ: BBIO on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of Tandem Diabetes Care NASDAQ: TNDM on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of Cytokinetics NASDAQ: CYTK on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of Ultragenyx Pharmaceutical NASDAQ: RARE on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of YETI NYSE: YETI on 9/29/2026.
• Sold $1,001 - $15,000 in shares of AtriCure NASDAQ: ATRC on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of Alkermes NASDAQ: ALKS on 9/29/2026.

ITT Price Performance

ITT opened at $201.54 on Wednesday. The company's 50-day simple moving average is $206.12 and its two-hundred day simple moving average is $201.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. The stock has a market capitalization of $18.02 billion, a P/E ratio of 39.52, a P/E/G ratio of 1.65 and a beta of 1.25. 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 released its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.16. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm's quarterly revenue was up 51.5% on a year-over-year basis. During the same period 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. As a group, analysts predict that ITT Inc. will post 8.25 EPS for the current year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th were paid a dividend of $0.3860 per share. The ex-dividend date was Tuesday, September 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT's dividend payout ratio is currently 30.20%.

Insider Activity at ITT

In other news, CEO Luca Savi bought 5,019 shares of the stock in a transaction on Monday, August 31st. The stock was acquired at an average cost of $199.56 per share, for a total transaction of $1,001,591.64. Following the acquisition, the chief executive officer owned 267,373 shares of the company's stock, valued at $53,356,955.88. This represents a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Graziano De sold 700 shares of ITT stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the completion of the sale, the chief accounting officer owned 7,159 shares of the company's stock, valued at $1,535,891.86. The trade was a 8.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.88% of the company's stock.

Institutional Investors Weigh In On ITT

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in ITT in the 2nd quarter valued at about $1,715,593,000. Findlay Park Partners LLP bought a new position in ITT in the 2nd quarter worth about $276,395,000. Bank of America Corp DE grew its stake in ITT by 20.4% in the 1st quarter. Bank of America Corp DE now owns 902,638 shares of the conglomerate's stock worth $171,980,000 after acquiring an additional 152,635 shares in the last quarter. Wellington Management Group LLP increased its position in shares of ITT by 16.5% during the second quarter. Wellington Management Group LLP now owns 825,147 shares of the conglomerate's stock worth $163,181,000 after acquiring an additional 117,155 shares during the period. Finally, Jupiter Topco LLC purchased a new position in shares of ITT during the second quarter worth approximately $127,872,000. 91.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ITT. Stifel Nicolaus upped their target price on shares of ITT from $246.00 to $250.00 and gave the company a "buy" rating in a report on Monday, July 20th. Weiss Ratings raised ITT from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Wolfe Research began coverage on shares of ITT in a research report on Tuesday, September 15th. They set an "outperform" rating and a $272.00 target price for the company. BMO Capital Markets reaffirmed an "outperform" rating and set a $273.00 target price on shares of ITT in a research note on Friday, August 7th. Finally, KeyCorp lifted their price target on shares of ITT from $250.00 to $263.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, ITT has an average rating of "Moderate Buy" and a consensus price target of $259.56.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

ITT Company Profile

ITT Inc NYSE: ITT is a global manufacturer of highly engineered components and technologies serving the transportation, energy, industrial, infrastructure, and aerospace and defense markets. The company develops products designed to support critical applications where reliability, performance, and safety are essential.

ITT operates through three principal business segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. Its products include brake pads and friction materials, shock absorbers, pumps, valves, monitoring and control systems, connectors, switches, and other specialized components.

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