6,925 ITT Inc. $ITT Shares Sold by EULAV Asset Management

Key Points

• EULAV Asset Management reduced its ITT stake by 2.8%, selling 6,925 shares during the third quarter. It retained 242,075 shares worth approximately $48.9 million, representing 1.7% of its portfolio.
• ITT reported quarterly EPS of $2.08, exceeding estimates of $1.92, while revenue reached $1.47 billion and rose 51.5% year over year. The company provided fiscal 2026 EPS guidance of $8.12–$8.32.
• Analysts maintain a generally positive outlook, with eight Buy ratings and one Hold rating and a consensus price target of $260.22. ITT also pays a quarterly dividend of $0.386 per share, yielding about 0.8% annually.

EULAV Asset Management reduced its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 242,075 shares of the conglomerate's stock after selling 6,925 shares during the quarter. ITT makes up 1.7% of EULAV Asset Management's investment portfolio, making the stock its 15th biggest holding. EULAV Asset Management owned about 0.27% of ITT worth $48,856,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of ITT during the 3rd quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in ITT during the second quarter worth approximately $28,000. Trust Co. of Vermont purchased a new stake in ITT during the second quarter worth approximately $33,000. Ascentis Independent Advisors acquired a new position in ITT in the first quarter valued at approximately $42,000. Finally, Transamerica Financial Advisors LLC acquired a new position in ITT in the second quarter valued at approximately $43,000. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Trading Down 0.2%

NYSE ITT opened at $189.72 on Monday. The stock has a market capitalization of $16.96 billion, a P/E ratio of 37.20, a P/E/G ratio of 1.55 and a beta of 1.25. ITT Inc. has a 52-week low of $166.96 and a 52-week high of $230.32. The firm has a 50-day moving average price of $203.32 and a 200 day moving average price of $201.67. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $0.16. The firm had revenue of $1.47 billion during 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 firm's revenue was up 51.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Equities research analysts expect that ITT Inc. will post 8.25 EPS for the current year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Tuesday, September 8th were paid a $0.3860 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT's payout ratio is 30.20%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup increased their price target on shares of ITT from $254.00 to $267.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Wolfe Research started coverage on shares of ITT in a research note on Tuesday, September 15th. They set an "outperform" rating and a $272.00 target price for the company. Weiss Ratings downgraded ITT from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday. BMO Capital Markets reaffirmed an "outperform" rating and set a $273.00 price objective on shares of ITT in a research report on Friday, August 7th. Finally, KeyCorp lifted their target price on ITT from $250.00 to $263.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $260.22.

Insiders Place Their Bets

In other ITT news, 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 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 approximately $1,535,891.86. This trade represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Luca Savi bought 5,019 shares of the firm's stock in a transaction on Monday, August 31st. The shares were bought at an average price of $199.56 per share, for a total transaction of $1,001,591.64. Following the completion of the transaction, the chief executive officer directly owned 267,373 shares in the company, valued at approximately $53,356,955.88. This represents a 1.91% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.88% of the company's stock.

ITT Profile

ITT Inc NYSE: ITT is a global industrial manufacturer that designs and produces highly engineered components and technology solutions for transportation, industrial, energy, aerospace, defense and other specialized markets. The company serves original equipment manufacturers, distributors and end users through operations in North America, Europe, Asia and other international markets.

ITT operates through three primary business segments. Motion Technologies develops brake pads, shock absorbers, sealing products and other engineered components used in automotive, rail and related transportation applications.

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