9,907 ITT Inc. $ITT Shares Sold by Vest Financial LLC

Key Points

• Vest Financial reduced its ITT stake by 33.6% in the third quarter, selling 9,907 shares and retaining 19,559 shares valued at approximately $3.95 million. Institutional investors collectively own 91.59% of ITT.
• ITT reported quarterly EPS of $2.08, exceeding estimates of $1.92, while revenue rose 51.5% year over year to $1.47 billion. The company issued fiscal 2026 EPS guidance of $8.12–$8.32.
• Analyst sentiment remains positive, with eight Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $260.22 versus the reported share price of $189.72.

Vest Financial LLC lowered its stake in ITT Inc. (NYSE:ITT - Free Report) by 33.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,559 shares of the conglomerate's stock after selling 9,907 shares during the period. Vest Financial LLC's holdings in ITT were worth $3,947,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new stake in shares of ITT during the 2nd quarter worth $2,285,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in ITT in the 2nd quarter valued at $4,145,000. Allspring Global Investments Holdings LLC grew its stake in ITT by 15.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 110,200 shares of the conglomerate's stock valued at $21,264,000 after buying an additional 15,004 shares during the last quarter. Bank of America Corp DE bought a new position in ITT in the 2nd quarter worth $173,436,000. Finally, AlphaGrep UK Ltd bought a new position in ITT in the 2nd quarter worth $1,035,000. Institutional investors own 91.59% of the company's stock.

Insider Transactions at ITT

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

ITT Price Performance

Shares of ITT stock opened at $189.72 on Friday. ITT Inc. has a 12 month low of $166.96 and a 12 month high of $230.32. The company has a market capitalization of $16.96 billion, a P/E ratio of 37.20, a P/E/G ratio of 1.54 and a beta of 1.25. The stock has a 50 day moving average of $203.32 and a two-hundred day moving average of $201.62. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.16. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm posted $1.64 EPS. The business'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, equities analysts expect that ITT Inc. will post 8.25 EPS for the current year.

ITT Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.8%. ITT's dividend payout ratio (DPR) is currently 30.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ITT shares. Citigroup upped their price target on shares of ITT from $254.00 to $267.00 and gave the company a "buy" rating in a report on Friday, August 7th. Stifel Nicolaus set a $256.00 price target on ITT in a research report on Monday. KeyCorp lifted their price objective on ITT from $250.00 to $263.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Wolfe Research assumed coverage on ITT in a research report on Tuesday, September 15th. They set an "outperform" rating and a $272.00 price objective for the company. Finally, BMO Capital Markets reissued an "outperform" rating and set a $273.00 price objective on shares of ITT in a research report on Friday, August 7th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, ITT presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.22.

About ITT

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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