6,474 ITT Inc. $ITT Shares Acquired by Contravisory Investment Management Inc.

Key Points

• Contravisory Investment Management increased its ITT stake by 7,616.5% in the third quarter, acquiring 6,474 additional shares for a total holding valued at approximately $1.32 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 provided fiscal 2026 EPS guidance of $8.12–$8.32.
• Analysts maintain a favorable outlook, with eight Buy ratings and one Hold rating and a consensus price target of $259.56, compared with the stock’s reported price of $201.54.

Contravisory Investment Management Inc. lifted its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 7,616.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,559 shares of the conglomerate's stock after acquiring an additional 6,474 shares during the quarter. Contravisory Investment Management Inc.'s holdings in ITT were worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ITT. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in ITT in the 2nd quarter valued at $28,000. Bayban acquired a new position in shares of ITT during the fourth quarter worth about $31,000. Trust Co. of Vermont purchased a new stake in shares of ITT in the second quarter worth about $33,000. Ascentis Independent Advisors purchased a new stake in shares of ITT in the first quarter worth about $42,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of ITT in the second quarter worth about $43,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Stock Down 0.2%

Shares of NYSE:ITT traded down $0.36 during trading on Tuesday, hitting $201.54. The company's stock had a trading volume of 726,593 shares, compared to its average volume of 894,486. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. ITT Inc. has a fifty-two week low of $166.96 and a fifty-two week high of $230.32. The stock's 50-day moving average price is $206.20 and its two-hundred day moving average price is $201.23. The company has a market capitalization of $18.02 billion, a PE ratio of 39.52, a PEG ratio of 1.65 and a beta of 1.25.

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

ITT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Tuesday, September 8th were issued a $0.3860 dividend. The ex-dividend date of this dividend 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 Buying and Selling at ITT

In related news, CEO Luca Savi acquired 5,019 shares of the firm's stock in a transaction on Monday, August 31st. The stock was bought 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 directly owned 267,373 shares in the company, valued at approximately $53,356,955.88. The trade was a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Graziano De sold 700 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the transaction, the chief accounting officer directly owned 7,159 shares of the company's stock, valued at approximately $1,535,891.86. This represents a 8.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.88% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on ITT. Weiss Ratings upgraded ITT from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday. KeyCorp boosted their price target on ITT from $250.00 to $263.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. BMO Capital Markets restated an "outperform" rating and issued a $273.00 price target on shares of ITT in a report on Friday, August 7th. Citigroup increased their price objective on shares of ITT from $254.00 to $267.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, DA Davidson increased their price objective on shares of ITT from $255.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $259.56.

About ITT

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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