ITT Inc. $ITT Shares Sold by AlphaQuest LLC

Key Points

• AlphaQuest LLC cut its ITT stake by 52.8% in the fourth quarter, selling 12,383 shares and leaving it with 11,065 shares worth about $1.92 million.
• ITT posted stronger-than-expected quarterly results, with EPS of $1.98 beating estimates and revenue of $1.21 billion topping forecasts; revenue also rose 32.7% year over year. The company guided FY 2026 EPS to $7.70-$8.00.
• ITT announced a quarterly dividend of $0.386 per share, payable July 6, implying an annualized yield of 0.8%. Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average target price of $234.91.

AlphaQuest LLC decreased its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 52.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 SEC filing.

Several other large investors have also recently bought and sold shares of the stock. iSAM Funds UK Ltd acquired a new position in shares of ITT in the 3rd quarter worth approximately $2,113,000. Chesapeake Capital Corp IL acquired a new position in shares of ITT in the 3rd quarter worth approximately $1,125,000. Brown Brothers Harriman & Co. grew its stake in shares of ITT by 86,878.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 267,893 shares of the conglomerate's stock worth $47,889,000 after purchasing an additional 267,585 shares during the last quarter. Regents Gate Capital LLP acquired a new position in shares of ITT in the 3rd quarter worth approximately $9,381,000. Finally, Mawer Investment Management Ltd. grew its stake in shares of ITT by 23.6% in the 3rd quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate's stock worth $72,026,000 after purchasing an additional 76,841 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Stock Down 2.3%

ITT opened at $196.27 on Thursday. The firm's 50-day simple moving average is $202.65 and its 200-day simple moving average is $191.84. 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 twelve month low of $147.63 and a twelve month high of $225.26. The firm has a market cap of $17.55 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 1.89 and a beta of 1.32.

ITT (NYSE:ITT - Get Free Report) last posted its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The firm's quarterly revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities research analysts anticipate that ITT Inc. will post 7.91 EPS for the current fiscal year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.386 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT's dividend payout ratio is currently 27.16%.

Insiders Place Their Bets

In related news, CEO Luca Savi sold 63,450 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $190.69, for a total value of $12,099,280.50. Following the sale, the chief executive officer directly owned 262,354 shares in the company, valued at $50,028,284.26. This trade represents a 19.47% decrease in their position. The sale 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 that occurred on Friday, May 8th. The stock was sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the transaction, the insider directly owned 8,729 shares of the company's stock, valued at $1,817,988.83. This represents a 44.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 70,773 shares of company stock valued at $13,624,470 in the last 90 days. 0.88% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ITT has been the subject of several recent analyst reports. Barclays raised their target price on shares of ITT from $210.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, May 7th. Citigroup raised their target price on shares of ITT from $252.00 to $254.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Stifel Nicolaus set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. Robert W. Baird set a $246.00 target price on shares of ITT in a research note on Thursday, May 7th. Finally, BMO Capital Markets assumed coverage on shares of ITT in a report on Friday, March 27th. They issued an "outperform" rating and a $233.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $234.91.

ITT Company Profile

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.

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