Capital Group Private Client Services Inc. Has $6.66 Million Holdings in ITT Inc. $ITT

Key Points

• Capital Group Private Client Services Inc. trimmed its stake in ITT by 77.6% in Q3, selling 129,093 shares and retaining 37,278 shares worth $6.664 million.
• CEO Luca Savi sold 63,450 shares on March 5 at an average price of $190.69 for about $12.1 million, reducing his ownership by 19.47%.
• ITT beat the quarter on EPS ($1.85 vs. $1.79) and revenue ($1.05B vs. $1.01B), set Q1 2026 guidance of $1.68–$1.72, and raised the quarterly dividend to $0.386 (annualized $1.54, yield 0.8%).

Capital Group Private Client Services Inc. trimmed its holdings in ITT Inc. (NYSE:ITT - Free Report) by 77.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,278 shares of the conglomerate's stock after selling 129,093 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in ITT were worth $6,664,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of ITT during the 2nd quarter worth about $140,815,000. AQR Capital Management LLC grew its holdings in shares of ITT by 47.4% during the 2nd quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate's stock worth $86,993,000 after purchasing an additional 178,539 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of ITT by 36.6% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 521,429 shares of the conglomerate's stock valued at $93,211,000 after purchasing an additional 139,666 shares in the last quarter. Invesco Ltd. boosted its stake in ITT by 14.2% during the second quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate's stock worth $171,690,000 after buying an additional 135,768 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of ITT by 23.9% in the 2nd quarter. Raymond James Financial Inc. now owns 590,874 shares of the conglomerate's stock valued at $92,667,000 after buying an additional 114,150 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup lifted their price objective on ITT from $225.00 to $243.00 and gave the company a "buy" rating in a report on Monday, February 9th. Robert W. Baird set a $222.00 target price on shares of ITT in a research report on Friday, February 6th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of ITT in a report on Thursday, January 22nd. Stifel Nicolaus raised their price target on ITT from $218.00 to $228.00 and gave the company a "buy" rating in a report on Friday, February 6th. Finally, Wall Street Zen upgraded ITT from a "hold" rating to a "buy" rating in a research note on Monday, March 2nd. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, ITT presently has a consensus rating of "Moderate Buy" and an average price target of $216.50.

ITT Stock Performance

Shares of ITT stock opened at $186.20 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.58 and a quick ratio of 2.07. The firm has a 50 day simple moving average of $190.27 and a 200 day simple moving average of $182.36. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $209.70. The firm has a market cap of $16.01 billion, a P/E ratio of 30.47, a P/E/G ratio of 1.71 and a beta of 1.34.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.06. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.The business's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Sell-side analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be issued a $0.386 dividend. This is a positive change from ITT's previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, March 6th. ITT's dividend payout ratio (DPR) is 25.20%.

Insider Transactions at ITT

In related 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 value of $12,099,280.50. Following the completion of the sale, the chief executive officer directly owned 262,354 shares in the company, valued at $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

About ITT

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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