Amundi Sells 135,612 Shares of ITT Inc. $ITT

Key Points

• Amundi reduced its ITT stake by 56.4% in the second quarter, selling 135,612 shares and retaining 104,878 shares valued at approximately $20.7 million. Institutional investors collectively own 91.59% of ITT.
• ITT reported quarterly EPS of $2.08, beating estimates by $0.16, while revenue rose 51.5% year over year to $1.47 billion. The company maintained fiscal 2026 EPS guidance of $8.12–$8.32.
• Analyst sentiment remains positive, with ten Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $244.82. ITT also declared a quarterly dividend of $0.386 per share, yielding approximately 0.8% annually.

Amundi lessened its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 56.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 104,878 shares of the conglomerate's stock after selling 135,612 shares during the period. Amundi owned 0.12% of ITT worth $20,741,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Goldman Sachs Group Inc. increased its holdings in ITT by 7.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate's stock worth $54,020,000 after acquiring an additional 28,937 shares in the last quarter. Empowered Funds LLC bought a new position in shares of ITT in the first quarter worth approximately $360,000. Focus Partners Wealth increased its stake in shares of ITT by 80.7% in the first quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate's stock worth $1,017,000 after purchasing an additional 3,515 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of ITT during the 2nd quarter valued at $1,880,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of ITT by 171.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 700 shares of the conglomerate's stock valued at $110,000 after purchasing an additional 442 shares during the period. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Buying and Selling

In other ITT news, CAO Graziano De sold 700 shares of ITT stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Luca Savi acquired 5,019 shares of the firm's stock in a transaction dated Monday, August 31st. The shares were purchased 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 in the company, valued at approximately $53,356,955.88. This represents a 1.91% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.88% of the company's stock.

More ITT News

Here are the key news stories impacting ITT this week:

• Positive Sentiment: Zacks raises multiple EPS forecasts: Zacks Research increased its FY2026 EPS estimate to $8.28 from $8.27, FY2027 to $9.10 from $9.08, and FY2028 to $10.55 from $10.53. It also raised its third-quarter and fourth-quarter 2027 estimates to $2.44 and $2.39, respectively. The FY2026 forecast is slightly above the broader $8.25 consensus, suggesting incremental confidence in ITT’s earnings outlook. ITT analyst estimate revisions
• Neutral Sentiment: Peer-performance comparison: A Zacks analysis compares ITT’s year-to-date performance with Mitsubishi Corp. and other conglomerate-sector stocks. The supplied article excerpt provides no specific performance figures or new catalyst, so its direct impact on ITT shares appears limited. ITT peer performance analysis
• Neutral Sentiment: Upcoming investor conference: ITT will participate in D.A. Davidson’s Diversified Industrials & Services Conference on September 24. The event could provide updates on demand, margins, or guidance, but the announcement itself contains no new financial targets. ITT conference announcement
• Neutral Sentiment: Unrelated article: The Nauticus Robotics announcement concerns Nauticus Robotics, ticker KITT, not ITT Inc. NYSE: ITT, and therefore should not affect ITT’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ITT shares. Weiss Ratings raised shares of ITT from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, September 4th. BMO Capital Markets reissued an "outperform" rating and set a $273.00 price target on shares of ITT in a report on Friday, August 7th. DA Davidson boosted their price objective on ITT from $255.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. KeyCorp upped 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. Finally, Wolfe Research raised ITT from a "peer perform" rating to an "outperform" rating and set a $229.00 target price on the stock in a research note on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $244.82.

ITT Stock Up 4.1%

Shares of ITT stock opened at $204.22 on Friday. The company's fifty day simple moving average is $201.68 and its two-hundred day simple moving average is $199.54. ITT Inc. has a 52 week low of $166.96 and a 52 week high of $230.32. The stock has a market cap of $18.26 billion, a P/E ratio of 40.04, a PEG ratio of 1.60 and a beta of 1.27. 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 issued its earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.16. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The business's revenue was up 51.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Analysts predict that ITT Inc. will post 8.25 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. ITT's dividend payout ratio (DPR) is currently 30.20%.

ITT Company Profile

ITT Inc is a diversified industrial manufacturer that develops and produces highly engineered components and systems for transportation, energy, industrial, aerospace and defense, and other specialized markets. The company serves original equipment manufacturers, distributors and aftermarket customers through a portfolio of mission-critical products designed to support safety, efficiency and reliability.

ITT operates through three primary business segments. Motion Technologies supplies brake pads, friction materials, shock absorbers, dampers and related components for automotive and rail applications.

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