Victory Capital Management Inc. Sells 9,006 Shares of ITT Inc. $ITT

Key Points

• Victory Capital Management trimmed its ITT stake by 4%, selling 9,006 shares and leaving it with 217,684 shares valued at about $38.9 million; institutional investors now own roughly 91.6% of ITT.
• CEO Luca Savi sold 63,450 shares on March 5 for about $12.1 million, a transaction that reduced his ownership by ~19.5%.
• Operational and shareholder updates: ITT beat quarterly estimates (EPS $1.85 vs. $1.79; revenue $1.05B, +13.5% YoY), set Q1 2026 guidance of $1.68–1.72, and raised its quarterly dividend to $0.386 ($1.54 annual, 0.8% yield).

Victory Capital Management Inc. cut its stake in ITT Inc. (NYSE:ITT - Free Report) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,684 shares of the conglomerate's stock after selling 9,006 shares during the period. Victory Capital Management Inc. owned 0.28% of ITT worth $38,913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Assetmark Inc. increased its holdings in shares of ITT by 10.9% in the third quarter. Assetmark Inc. now owns 558 shares of the conglomerate's stock valued at $100,000 after purchasing an additional 55 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings 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 worth $4,454,000 after buying an additional 65 shares in the last quarter. Covestor Ltd lifted its holdings in ITT by 15.3% during the 3rd quarter. Covestor Ltd now owns 512 shares of the conglomerate's stock worth $92,000 after buying an additional 68 shares in the last quarter. Merit Financial Group LLC boosted its position in ITT by 1.5% in the 3rd quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate's stock valued at $845,000 after buying an additional 69 shares during the last quarter. Finally, Unique Wealth LLC increased its stake in shares of ITT by 1.9% in the 3rd quarter. Unique Wealth LLC now owns 4,107 shares of the conglomerate's stock valued at $734,000 after buying an additional 75 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Trading Down 2.9%

NYSE:ITT opened at $185.21 on Friday. 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 Inc. has a 1-year low of $105.64 and a 1-year high of $209.70. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.71 and a beta of 1.34. The business's 50-day moving average price is $190.09 and its two-hundred day moving average price is $182.09.

ITT (NYSE:ITT - Get Free Report) last posted its earnings results 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 company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.The company's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. On average, equities analysts expect that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be issued a dividend of $0.386 per share. This is an increase from ITT's previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, March 6th. ITT's dividend payout ratio is presently 22.91%.

Insider Buying and Selling

In other ITT news, CEO Luca Savi sold 63,450 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer owned 262,354 shares of the company's stock, valued at approximately $50,028,284.26. This 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 is accessible through the SEC website. Insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded ITT from a "hold" rating to a "buy" rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of ITT in a research report on Thursday, January 22nd. DA Davidson set a $245.00 target price on shares of ITT in a research report on Monday, February 9th. Citigroup lifted their price target on shares of ITT from $225.00 to $243.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. Finally, Stifel Nicolaus increased their price objective on shares of ITT from $218.00 to $228.00 and gave the company a "buy" rating in a report on Friday, February 6th. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ITT presently has a consensus rating of "Buy" and a consensus price target of $216.11.

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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