ITT Inc. $ITT Stock: Pier 88 Investment Partners LLC Reduces Position

Pier 88 Investment Partners LLC lessened its holdings in shares of ITT Inc. (NYSE:ITT) by 21.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,100 shares of the conglomerate’s stock after selling 4,800 shares during the period. ITT accounts for approximately 0.8% of Pier 88 Investment Partners LLC’s investment portfolio, making the stock its 27th biggest holding. Pier 88 Investment Partners LLC’s holdings in ITT were worth $3,451,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in ITT in the second quarter valued at approximately $1,715,593,000. Findlay Park Partners LLP acquired a new stake in ITT during the second quarter worth approximately $276,395,000. Bank of America Corp DE acquired a new stake in ITT during the second quarter worth approximately $173,436,000. Jupiter Topco LLC acquired a new stake in ITT during the second quarter worth approximately $127,872,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of ITT during the 2nd quarter worth approximately $119,853,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Trading Down 0.2%

ITT opened at $214.50 on Friday. The firm has a market cap of $19.13 billion, a price-to-earnings ratio of 44.14, a price-to-earnings-growth ratio of 1.52 and a beta of 1.25. ITT Inc. has a 52 week low of $166.96 and a 52 week high of $230.32. The business’s 50 day moving average is $202.44 and its two-hundred day moving average is $199.98. The company has a quick ratio of 0.85, a current ratio of 1.29 and a debt-to-equity ratio of 0.59.

ITT (NYSE:ITT) last issued its quarterly earnings data on Wednesday, November 4th. The conglomerate reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.18. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. ITT had a return on equity of 15.47% and a net margin of 8.07%. The firm’s revenue for the quarter was up 44.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 earnings per share. On average, research analysts predict that ITT Inc. will post 8.60 EPS for the current year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 4th will be given a $0.3860 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.54 annualized dividend and a yield of 0.7%. ITT’s dividend payout ratio is 31.69%.

Insider Buying and Selling at ITT

In other ITT news, CEO Luca Savi acquired 5,019 shares of the stock in a transaction on Monday, August 31st. The shares were bought at an average cost of $199.56 per share, with a total value of $1,001,591.64. Following the transaction, the chief executive officer owned 267,373 shares of the company’s stock, valued at approximately $53,356,955.88. This trade represents a 1.91% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Graziano De sold 500 shares of ITT stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $214.01, for a total transaction of $107,005.00. Following the completion of the transaction, the chief accounting officer owned 6,659 shares in the company, valued at approximately $1,425,092.59. This represents a 6.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by corporate insiders.

Latest ITT News

Here’s some of the latest news about ITT:

• Positive Sentiment: Zacks described ITT as a strong momentum stock, highlighting characteristics that may appeal to momentum-focused investors. Article: Here’s Why ITT (ITT) is a Strong Momentum Stock
• Neutral Sentiment: ITT presented at the Baird 2026 Global Industrial Conference; the available report is a slideshow and provides no specific new development in the supplied summary. Article: ITT Inc. Presents at Baird 2026 Global Industrial Conference
• Negative Sentiment: Chief Accounting Officer Graziano De sold 500 shares for about $107,000, reducing her position by 6.98%. She retained 6,659 shares, so the transaction was limited in size but may draw some attention as an insider sale. SEC insider transaction filing

Analyst Upgrades and Downgrades

ITT has been the subject of several research analyst reports. Wolfe Research assumed coverage on shares of ITT in a report on Tuesday, September 15th. They issued an “outperform” rating and a $272.00 target price for the company. Citigroup cut their price target on shares of ITT from $267.00 to $251.00 and set a “buy” rating on the stock in a research note on Friday, November 6th. DA Davidson boosted their price target on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Stifel Nicolaus boosted their price target on shares of ITT from $256.00 to $259.00 and gave the company a “buy” rating in a research report on Monday. Finally, BMO Capital Markets restated an “outperform” rating and issued a $273.00 price objective on shares of ITT in a research note on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $258.78.

About ITT

ITT Inc. is a global manufacturer of engineered components and technology serving industrial, transportation, aerospace and defense, and energy markets. Its products include pumps and valves, brake pads and shock absorbers, and specialized connectors and control components. The company operates through three main businesses: Motion Technologies, Industrial Process, and Connect & Control Technologies. These businesses provide products and services used in applications ranging from automotive braking systems and industrial fluid handling to aerospace equipment and energy infrastructure.