FMR LLC & Abigail Johnson Trim ITT INC. Stake to 8.362%

TL;DR

**FMR LLC and Abigail Johnson now own 8.362% of ITT INC., a slight decrease from prior filings.**

AI Summary

FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in ITT INC. As of December 31, 2023, they collectively beneficially own 6,865,551 shares of ITT INC. common stock, representing 8.362% of the company. This filing, an amendment to a previous SC 13G, indicates a slight decrease in their reported beneficial ownership from a prior filing, which could signal a minor shift in their investment strategy or portfolio rebalancing. For current or prospective ITT INC. shareholders, this matters because FMR LLC is a significant institutional investor, and changes in their holdings can sometimes influence market sentiment or reflect their confidence in the company's future performance.

Why It Matters

This filing shows a major institutional investor's updated position, which can influence market perception and potentially impact the stock price of ITT INC. as other investors react to their moves.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive investor and does not indicate any immediate or significant risk to the company or its shareholders.

Analyst Insight

Investors should note that a significant institutional holder like FMR LLC has updated its position, which could be a routine rebalance. While not a strong buy/sell signal, it's worth monitoring future filings for any larger shifts in their ITT INC. holdings.

Key Numbers

• 6,865,551 — Shares Beneficially Owned (Represents the total number of ITT INC. common shares FMR LLC and Abigail P. Johnson collectively own.)
• 8.362% — Percent of Class (Indicates the proportion of ITT INC.'s total common stock owned by FMR LLC and Abigail P. Johnson.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
• ITT INC. (company) — the issuer of the securities
• 6,865,551 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
• 8.362% (dollar_amount) — percentage of ITT INC. common stock beneficially owned

FAQ

From the Filing

0000315066-24-001262.txt : 20240209 0000315066-24-001262.hdr.sgml : 20240209 20240209091608 ACCESSION NUMBER: 0000315066-24-001262 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ITT INC. CENTRAL INDEX KEY: 0000216228 STANDARD INDUSTRIAL CLASSIFICATION: PUMPS & PUMPING EQUIPMENT [3561] ORGANIZATION NAME: 06 Technology IRS NUMBER: 811197930 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-20746 FILM NUMBER: 24611802 BUSINESS ADDRESS: STREET 1: 100 WASHINGTON BLVD STREET 2: 6TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 914.641.2000 MAIL ADDRESS: STREET 1: 100 WASHINGTON BLVD STREET 2: 6TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 FORMER COMPANY: FORMER CONFORMED NAME: ITT Inc. DATE OF NAME CHANGE: 20160517 FORMER COMPANY: FORMER CONFORMED NAME: ITT Corp DATE OF NAME CHANGE: 20100308 FORMER COMPANY: FORMER CONFORMED NAME: ITT CORP DATE OF NAME CHANGE: 20060705 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.7 ITT INC COMMON STOCK Cusip #45073V108 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #45073V108 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 6,765,259 Item 6: 0 Item 7: 6,865,551 Item 8: 0 Item 9: 6,865,551 Item 11: 8.362% Item 12: HC Cusip #45073V108 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 6,865,551 Item 8: 0 Item 9: 6,865,551 Item 11: 8.362% Item 12: IN Item 1(a). Name of Issuer: ITT INC Item 1(b). Address of Issuer's Principal Executive Offices: 100 WASHINGTON BLVD, 6TH FLOOR STAMFORD, CT 06902 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 45073V108 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 6,865,551 (b) Percent of Class: 8.362% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 6,865,551 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of ITT INC. No one other person's interest in the COMMON STOCK of ITT INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applica