AlphaQuest LLC Sells 12,383 Shares of ITT Inc. $ITT

AlphaQuest LLC lowered its position in shares of ITT Inc. (NYSE:ITT) by 52.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,065 shares of the conglomerate’s stock after selling 12,383 shares during the period. AlphaQuest LLC’s holdings in ITT were worth $1,920,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Investors grew its position in ITT by 0.5% in the third quarter. Capital International Investors now owns 8,538,229 shares of the conglomerate’s stock valued at $1,526,281,000 after acquiring an additional 38,433 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of ITT by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate’s stock worth $1,467,976,000 after purchasing an additional 620,217 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in ITT by 55,929.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock valued at $263,458,000 after acquiring an additional 1,515,695 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in ITT by 11.2% in the third quarter. Alliancebernstein L.P. now owns 1,188,219 shares of the conglomerate’s stock valued at $212,406,000 after acquiring an additional 119,601 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in ITT by 3.1% in the third quarter. Invesco Ltd. now owns 1,128,933 shares of the conglomerate’s stock valued at $201,808,000 after acquiring an additional 34,183 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Stock Down 2.3%

ITT stock opened at $196.27 on Thursday. The stock has a fifty day moving average of $202.65 and a 200-day moving average of $191.84. The company has a market capitalization of $17.55 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 1.89 and a beta of 1.32. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. ITT Inc. has a fifty-two week low of $147.63 and a fifty-two week high of $225.26.

ITT (NYSE:ITT) last issued its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, equities research analysts predict that ITT Inc. will post 7.91 earnings per share 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 $0.386 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s dividend payout ratio (DPR) is presently 27.16%.

Insider Buying and Selling at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of the firm’s 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 $50,028,284.26. This trade represents a 19.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $208.27, for a total value of $1,483,507.21. Following the completion of the sale, the insider directly owned 8,729 shares in the company, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 70,773 shares of company stock valued at $13,624,470 in the last 90 days. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on ITT shares. Citigroup boosted their price target on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Barclays upped their target price on ITT from $210.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. The Goldman Sachs Group assumed coverage on ITT in a research report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price target for the company. DA Davidson increased their price target on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, KeyCorp upped their price objective on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $234.91.

About ITT

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.