Insider Buying: ITT (NYSE:ITT) CEO Acquires $1,001,591.64 in Stock

Posted by George Bondi on Sep 4th, 2026

ITT Inc. (NYSE:ITT – Get Free Report) CEO Luca Savi acquired 5,019 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was bought at an average cost of $199.56 per share, for a total transaction of $1,001,591.64. Following the completion of the transaction, the chief executive officer directly 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ITT Stock Performance

Shares of ITT stock opened at $203.71 on Friday. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 1.64 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26. The company has a 50-day simple moving average of $200.40 and a 200 day simple moving average of $199.66. ITT Inc. has a 52 week low of $166.96 and a 52 week high of $230.32.

ITT (NYSE:ITT – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.16. ITT had a net margin of 8.90% and a return on equity of 15.90%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm earned $1.64 EPS. The business’s revenue was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, sell-side analysts predict that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.386 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is 30.20%.

Wall Street Analyst Weigh In

A number of research analysts have commented on ITT shares. Weiss Ratings lowered ITT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Stifel Nicolaus lifted their target price on ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Citigroup boosted their target price on shares of ITT from $254.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, August 7th. DA Davidson raised their price target on shares of ITT from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Finally, KeyCorp raised their price target on shares of ITT from $250.00 to $263.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.82.

Check Out Our Latest Stock Analysis on ITT

Hedge Funds Weigh In On ITT

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new position in ITT in the second quarter valued at about $2,285,000. Diversified Trust Co bought a new position in shares of ITT in the first quarter worth $2,478,000. Payden & Rygel increased its position in shares of ITT by 34.7% during the fourth quarter. Payden & Rygel now owns 112,500 shares of the conglomerate’s stock valued at $19,520,000 after buying an additional 29,000 shares during the period. TimesSquare Capital Management LLC increased its holdings in ITT by 10.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 226,700 shares of the conglomerate’s stock worth $39,335,000 after acquiring an additional 21,200 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of ITT by 15.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 110,200 shares of the conglomerate’s stock valued at $21,264,000 after acquiring an additional 15,004 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Company Profile

(Get Free Report)

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.