California State Teachers Retirement System Raises Stock Holdings in ITT Inc. $ITT

California State Teachers Retirement System increased its holdings in shares of ITT Inc. (NYSE:ITT) by 23.8% in the first quarter, Holdings Channel.com reports. The fund owned 101,016 shares of the conglomerate’s stock after buying an additional 19,397 shares during the quarter. California State Teachers Retirement System’s holdings in ITT were worth $19,247,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ITT. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $263,458,000 after purchasing an additional 1,515,695 shares during the period. Norges Bank purchased a new stake in shares of ITT during the fourth quarter valued at $194,884,000. Vanguard Group Inc. boosted its stake 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 valued at $1,467,976,000 after purchasing an additional 620,217 shares during the period. Findlay Park Partners LLP grew its holdings in shares of ITT by 63.2% in the fourth quarter. Findlay Park Partners LLP now owns 1,230,902 shares of the conglomerate’s stock worth $213,574,000 after purchasing an additional 476,702 shares during the last quarter. Finally, Ghisallo Capital Management LLC bought a new position in shares of ITT in the fourth quarter worth about $78,080,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Activity at ITT

In related news, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total transaction of $41,682.00. Following the transaction, the chief accounting officer directly owned 7,859 shares of the company’s stock, valued at $1,637,894.19. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Lori B. Marino sold 7,123 shares of the business’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 completion of the transaction, the insider directly owned 8,729 shares of the company’s stock, valued at $1,817,988.83. This trade represents a 44.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ITT. Robert W. Baird set a $246.00 price objective on shares of ITT in a report on Thursday, May 7th. Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings lowered shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. KeyCorp lifted their price target on shares of ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, DA Davidson boosted their price target on ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $234.75.

ITT Stock Performance

Shares of ITT stock opened at $195.59 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock’s fifty day moving average price is $193.07 and its 200-day moving average price is $196.17. The firm has a market cap of $17.49 billion, a P/E ratio of 34.50, a P/E/G ratio of 1.85 and a beta of 1.27. ITT Inc. has a 12 month low of $157.66 and a 12 month high of $225.26.

ITT (NYSE:ITT) last released its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. ITT had a net margin of 10.80% and a return on equity of 16.83%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The firm’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. On average, equities research analysts expect that ITT Inc. will post 7.89 earnings per share for the current fiscal year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, June 8th were issued a $0.386 dividend. The ex-dividend date was Monday, June 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is currently 27.16%.

ITT 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.