New Age Alpha Advisors LLC Has $3.09 Million Stock Position in ITT Inc. $ITT

New Age Alpha Advisors LLC lowered its holdings in shares of ITT Inc. (NYSE:ITT) by 43.2% in the 4th quarter, HoldingsChannel reports. The firm owned 17,822 shares of the conglomerate’s stock after selling 13,581 shares during the period. New Age Alpha Advisors LLC’s holdings in ITT were worth $3,092,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ITT. Northwestern Mutual Wealth Management Co. grew its stake in ITT by 55,929.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate’s stock worth $263,458,000 after purchasing an additional 1,515,695 shares during the period. Vanguard Group Inc. grew its stake in 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 period. Brown Brothers Harriman & Co. grew its stake in ITT by 86,878.2% during the third 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 period. Millennium Management LLC grew its stake in ITT by 236.8% during the third quarter. Millennium Management LLC now owns 301,670 shares of the conglomerate’s stock worth $53,927,000 after purchasing an additional 212,111 shares during the period. Finally, AQR Capital Management LLC grew its stake in ITT by 47.4% during the second quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate’s stock worth $86,993,000 after purchasing an additional 178,539 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Activity

In other news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 262,354 shares in the company, valued at $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 8,729 shares in the company, valued at $1,817,988.83. This represents a 44.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 70,773 shares of company stock worth $13,624,470 over the last 90 days. 0.88% of the stock is currently owned by corporate insiders.

ITT Trading Up 3.0%

Shares of ITT stock opened at $200.91 on Wednesday. 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 52 week low of $147.63 and a 52 week high of $225.26. The stock has a 50 day moving average price of $202.49 and a two-hundred day moving average price of $191.76. The stock has a market capitalization of $17.96 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 1.83 and a beta of 1.32.

ITT (NYSE:ITT) last announced its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm posted $1.45 earnings per share. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, equities analysts anticipate that ITT Inc. will post 7.91 earnings per share for the current fiscal year.

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be issued a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, June 8th. ITT’s dividend payout ratio (DPR) is currently 27.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ITT shares. BMO Capital Markets started coverage on ITT in a research note on Friday, March 27th. They set an “outperform” rating and a $233.00 target price for the company. Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Stifel Nicolaus set a $246.00 price objective on ITT in a research note on Thursday, May 7th. Robert W. Baird set a $246.00 price objective on ITT in a research note on Thursday, May 7th. Finally, Wall Street Zen cut ITT from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, ITT currently has an average rating of “Moderate Buy” and an average 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.