250,000 Shares in ITT Inc. $ITT Purchased by Seven Grand Managers LLC

Key Points

• Seven Grand Managers LLC disclosed a new stake in ITT Inc., buying 250,000 shares valued at about $43.4 million. The position now makes ITT the firm’s 5th-largest holding and about 3.3% of its portfolio.
• ITT reported strong quarterly results, with EPS of $1.98 topping estimates and revenue of $1.21 billion exceeding expectations. Revenue rose 32.7% year over year, and the company maintained FY2026 guidance of 7.70–8.00 EPS.
• Insiders have been selling shares, including CEO Luca Savi and insider Lori B. Marino, with total insider sales of 70,773 shares over the last 90 days. Meanwhile, analysts remain constructive overall, with ITT carrying a Moderate Buy consensus and an average price target of $234.91.

Seven Grand Managers LLC acquired a new position in ITT Inc. (NYSE:ITT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 250,000 shares of the conglomerate's stock, valued at approximately $43,378,000. ITT makes up approximately 3.3% of Seven Grand Managers LLC's holdings, making the stock its 5th biggest position. Seven Grand Managers LLC owned about 0.29% of ITT at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Assetmark Inc. increased its holdings in 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 increased its holdings in ITT by 3.8% in the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate's stock worth $287,000 after buying an additional 60 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in ITT by 0.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate's stock worth $4,454,000 after buying an additional 65 shares in the last quarter. Merit Financial Group LLC increased its holdings in ITT by 1.5% in the 3rd quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate's stock worth $845,000 after buying an additional 69 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in ITT by 4.0% in the 3rd quarter. IFP Advisors Inc now owns 1,847 shares of the conglomerate's stock worth $330,000 after buying an additional 71 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Luca Savi sold 63,450 shares of ITT stock in a transaction dated 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 directly owned 262,354 shares of the company's stock, valued at $50,028,284.26. The trade was a 19.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the transaction, the insider directly owned 8,729 shares in the company, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 70,773 shares of company stock valued at $13,624,470 in the last ninety days. Corporate insiders own 0.88% of the company's stock.

ITT Trading Down 2.3%

Shares of NYSE:ITT opened at $196.27 on Thursday. The stock has a market capitalization of $17.55 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 1.89 and a beta of 1.32. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The stock's 50-day simple moving average is $202.65 and its two-hundred day simple moving average is $191.84. ITT Inc. has a 52-week low of $147.63 and a 52-week high of $225.26.

ITT (NYSE:ITT - Get Free Report) last announced its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.21. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The business's revenue for the quarter was up 32.7% on a year-over-year basis. During the same period last year, the firm posted $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Analysts expect that ITT Inc. will post 7.91 EPS for the current year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be given a dividend of $0.386 per share. 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 Monday, June 8th. ITT's payout ratio is presently 27.16%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ITT shares. Stifel Nicolaus set a $246.00 price objective on ITT in a report on Thursday, May 7th. The Goldman Sachs Group started coverage on ITT in a research report on Tuesday, March 31st. They issued a "buy" rating and a $270.00 target price on the stock. Barclays raised their target price on ITT from $210.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 7th. KeyCorp raised their target price on ITT from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Finally, Weiss Ratings cut ITT from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $234.91.

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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