ITT Inc. $ITT Shares Sold by Comerica Bank

Key Points

• Significant share reductions: Comerica Bank trimmed its stake in ITT by 57.3% in Q4 (selling 33,052 shares, leaving 24,581 shares worth $4.265M), and CEO Luca Savi sold 63,450 shares on March 5 for about $12.1M, a 19.47% reduction in his position.
• Strong quarterly results and guidance: ITT beat Q4 estimates with $1.85 EPS vs. $1.79 expected and $1.05B revenue (up 13.5% YoY), set Q1 2026 guidance of $1.68–1.72 EPS, and holds a consensus "Moderate Buy" from analysts with an average price target of $225.55.
• Dividend and valuation: The company raised its quarterly dividend to $0.386 ($1.54 annualized, 0.7% yield), and the stock trades around $210 with a market cap of $18.78B and a P/E of 34.38.

Comerica Bank trimmed its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 57.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,581 shares of the conglomerate's stock after selling 33,052 shares during the quarter. Comerica Bank's holdings in ITT were worth $4,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Assetmark Inc. raised its holdings in ITT by 10.9% during the third quarter. Assetmark Inc. now owns 558 shares of the conglomerate's stock worth $100,000 after purchasing an additional 55 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in ITT by 0.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate's stock valued at $4,454,000 after purchasing an additional 65 shares in the last quarter. Covestor Ltd boosted its stake in ITT by 15.3% during the 3rd quarter. Covestor Ltd now owns 512 shares of the conglomerate's stock valued at $92,000 after purchasing an additional 68 shares in the last quarter. Merit Financial Group LLC increased its position in shares of ITT by 1.5% during the 3rd quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate's stock valued at $845,000 after purchasing an additional 69 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of ITT by 4.0% in the 3rd quarter. IFP Advisors Inc now owns 1,847 shares of the conglomerate's stock worth $330,000 after buying an additional 71 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Trading Down 2.0%

Shares of NYSE:ITT opened at $210.05 on Friday. The firm has a fifty day moving average of $200.82 and a two-hundred day moving average of $189.17. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. ITT Inc. has a 12-month low of $139.89 and a 12-month high of $224.12. The firm has a market capitalization of $18.78 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 1.98 and a beta of 1.32.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.06. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. ITT's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 earnings per share. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, equities analysts expect that ITT Inc. will post 7.9 EPS for the current fiscal year.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 6th were issued a dividend of $0.386 per share. The ex-dividend date was Friday, March 6th. This represents a $1.54 annualized dividend and a dividend yield of 0.7%. This is a positive change from ITT's previous quarterly dividend of $0.35. ITT's dividend payout ratio is presently 25.20%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on ITT in a report on Tuesday, March 31st. They issued a "buy" rating and a $270.00 price objective for the company. BMO Capital Markets initiated coverage on shares of ITT in a research report on Friday, March 27th. They issued an "outperform" rating and a $233.00 price target on the stock. Robert W. Baird set a $222.00 price target on shares of ITT in a report on Friday, February 6th. Stifel Nicolaus raised their price objective on shares of ITT from $218.00 to $228.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of ITT in a research note on Tuesday, April 21st. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $225.55.

Insider Activity

In related news, CEO Luca Savi sold 63,450 shares of the business's stock in a transaction that occurred on 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 owned 262,354 shares of the company's stock, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.88% 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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