Savant Capital LLC Sells 21,341 Shares of ITT Inc. $ITT

Savant Capital LLC lessened its stake in shares of ITT Inc. (NYSE:ITT) by 82.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,532 shares of the conglomerate’s stock after selling 21,341 shares during the period. Savant Capital LLC’s holdings in ITT were worth $786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Assetmark Inc. grew its stake in shares of ITT by 10.9% during the third quarter. Assetmark Inc. now owns 558 shares of the conglomerate’s stock worth $100,000 after buying an additional 55 shares during the last quarter. Stephens Inc. AR increased its holdings in ITT by 3.8% in the fourth quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after purchasing an additional 60 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in ITT by 0.3% in the third 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 during the period. Merit Financial Group LLC increased its holdings in ITT by 1.5% in the third 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 increased its holdings in ITT by 4.0% in the third quarter. IFP Advisors Inc now owns 1,847 shares of the conglomerate’s stock valued at $330,000 after purchasing an additional 71 shares during the period. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ITT. The Goldman Sachs Group began coverage on ITT in a report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price objective for the company. Weiss Ratings downgraded ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson increased their price objective on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Stifel Nicolaus set a $246.00 price objective on ITT in a report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $234.91.

ITT Stock Performance

Shares of ITT stock opened at $193.88 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average price of $202.99 and a two-hundred day moving average price of $191.90. ITT Inc. has a 1-year low of $149.02 and a 1-year high of $225.26. The company has a market cap of $17.33 billion, a P/E ratio of 34.19, a PEG ratio of 1.78 and a beta of 1.27.

ITT (NYSE:ITT) last issued its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business posted $1.45 EPS. The business’s revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, analysts anticipate that ITT Inc. will post 7.9 EPS for the current year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, June 8th. ITT’s dividend payout ratio (DPR) is presently 27.16%.

Insiders Place Their Bets

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the sale, the chief accounting officer directly owned 7,859 shares in the company, valued at approximately $1,637,894.19. This trade represents a 2.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Luca Savi sold 63,450 shares of the 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 70,773 shares of company stock worth $13,624,470. Company insiders own 0.88% of the company’s stock.

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.