Select Equity Group (ITT) discloses 4.2% beneficial stake in ITT Inc.
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Select Equity Group, L.P. and George S. Loening report their ownership in ITT Inc. common stock. They beneficially own 3,625,271 shares, representing 4.2% of the outstanding common stock, based on 86,000,000 shares outstanding as of February 6, 2026.
The filing states they share voting and dispositive power over these shares and have no sole voting or dispositive power. The securities are described as acquired and held in the ordinary course of business, not for the purpose of changing or influencing control of ITT Inc.
Positive
- None.
Negative
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FAQ
What ownership stake in ITT (ITT) does Select Equity Group report in this Schedule 13G/A?
Select Equity Group, L.P. and George S. Loening report beneficial ownership of 3,625,271 ITT Inc. common shares, equal to 4.2% of the class. This percentage is calculated using 86,000,000 shares outstanding as of February 6, 2026, from ITT’s Form 10-K.
Who are the reporting persons in ITT (ITT)’s Schedule 13G/A filing?
The reporting persons are Select Equity Group, L.P., a Delaware limited partnership, and George S. Loening, a United States citizen. Loening is the majority owner of Select Equity Group, L.P. and managing member of its general partner, and they file jointly as the Select Reporting Persons.
Why does this ITT (ITT) Schedule 13G/A note ownership of less than 5%?
Item 5 states ownership of 5 percent or less of the class. The reported 3,625,271 ITT shares equal 4.2% of outstanding stock, so the position falls below the 5% threshold that typically triggers initial Schedule 13D or 13G reporting obligations.
What does the filing say about Select Equity’s intent regarding control of ITT (ITT)?
The certification states the ITT securities were acquired and are held in the ordinary course of business, not to change or influence control of the issuer. It also notes they are not held in connection with any transaction intended to affect control, aside from certain nomination activities.
What reference does the ITT (ITT) filing use to calculate ownership percentages?
The 4.2% ownership figure is based on 86,000,000 ITT Inc. common shares outstanding as of February 6, 2026. This share count comes from ITT’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 9, 2026.