Vanguard Group Inc. Has $1.47 Billion Stock Holdings in ITT Inc. $ITT

Key Points

• Vanguard Group increased its stake in ITT to 8,460,467 shares (9.83% ownership) after buying 620,217 shares in Q4, a 7.9% increase worth about $1.47 billion.
• CEO Luca Savi sold 63,450 shares on March 5 at roughly $190.69 per share for about $12.1 million, cutting his position by 19.47%; insiders now own roughly 0.88% of the stock.
• Analyst sentiment is broadly positive — ten Buys and one Hold (consensus "Moderate Buy", average target ~$225.55) — and ITT recently beat Q4 EPS and revenue estimates and raised its quarterly dividend to $0.386 (annualized $1.54, yield ~0.7%).

Vanguard Group Inc. grew its position in ITT Inc. (NYSE:ITT - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,460,467 shares of the conglomerate's stock after purchasing an additional 620,217 shares during the period. Vanguard Group Inc. owned about 9.83% of ITT worth $1,467,976,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC raised its holdings in ITT by 219.2% in the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate's stock worth $30,000 after purchasing an additional 114 shares during the period. Quent Capital LLC acquired a new stake in ITT in the third quarter worth $37,000. Triumph Capital Management acquired a new stake in ITT in the third quarter worth $37,000. Measured Wealth Private Client Group LLC acquired a new stake in ITT in the third quarter worth $43,000. Finally, Bayforest Capital Ltd acquired a new stake in ITT in the third quarter worth $46,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ITT

In other news, CEO Luca Savi sold 63,450 shares of ITT stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $190.69, for a total value of $12,099,280.50. Following the completion of the transaction, the chief executive officer owned 262,354 shares of the company's stock, valued at $50,028,284.26. This trade represents a 19.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.88% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on ITT. Stifel Nicolaus increased their target price on shares of ITT from $218.00 to $228.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Citigroup increased their target price on shares of ITT from $225.00 to $243.00 and gave the stock a "buy" rating in a report on Monday, February 9th. Robert W. Baird set a $222.00 price objective on shares of ITT in a research report on Friday, February 6th. BMO Capital Markets assumed coverage on shares of ITT in a research report on Friday, March 27th. They set an "outperform" rating and a $233.00 price objective for the company. Finally, KeyCorp increased their price objective on shares of ITT from $215.00 to $230.00 and gave the stock an "overweight" rating in a research report on Friday, February 6th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, ITT has a consensus rating of "Moderate Buy" and an average target price of $225.55.

ITT Stock Up 1.1%

ITT stock opened at $214.71 on Friday. The company has a market cap of $19.19 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 2.00 and a beta of 1.32. ITT Inc. has a 1-year low of $133.36 and a 1-year high of $224.12. The company has a fifty day simple moving average of $200.82 and a 200 day simple moving average of $189.05. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

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

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 6th were given a $0.386 dividend. This is a boost from ITT's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.7%. ITT's payout ratio is 25.20%.

ITT Profile

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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