New York State Teachers Retirement System Has $15.31 Million Stock Holdings in ITT Inc. $ITT

New York State Teachers Retirement System trimmed its holdings in shares of ITT Inc. (NYSE:ITT) by 8.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 80,341 shares of the conglomerate’s stock after selling 7,567 shares during the period. New York State Teachers Retirement System’s holdings in ITT were worth $15,307,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ITT. iSAM Funds UK Ltd purchased a new position in ITT during the 3rd quarter valued at about $2,113,000. Chesapeake Capital Corp IL purchased a new stake in shares of ITT in the third quarter worth approximately $1,125,000. Brown Brothers Harriman & Co. boosted its holdings in shares of 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. Diversified Trust Co acquired a new stake in shares of ITT during the first quarter worth approximately $2,478,000. Finally, TimesSquare Capital Management LLC grew its position in ITT by 10.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 226,700 shares of the conglomerate’s stock valued at $39,335,000 after purchasing an additional 21,200 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $208.41, for a total transaction of $41,682.00. Following the transaction, the chief accounting officer owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This represents a 2.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lori B. Marino sold 7,123 shares of the 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 transaction, the insider directly owned 8,729 shares in the company, valued at approximately $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. 0.88% of the stock is owned by company insiders.

ITT Stock Performance

ITT stock opened at $186.96 on Friday. The firm has a 50 day moving average of $198.26 and a two-hundred day moving average of $193.87. ITT Inc. has a 12 month low of $154.29 and a 12 month high of $225.26. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 32.97, a P/E/G ratio of 1.76 and a beta of 1.27. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71.

ITT (NYSE:ITT) last released its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating 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 business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm earned $1.45 EPS. ITT’s revenue for the quarter was up 32.7% on a year-over-year basis. 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 EPS for the current fiscal year.

ITT Dividend Announcement

The business also recently announced 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. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, June 8th. ITT’s dividend payout ratio (DPR) is 27.16%.

Wall Street Analyst Weigh In

ITT has been the topic of several research reports. The Goldman Sachs Group assumed coverage on shares of ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 price objective on the stock. DA Davidson boosted their price target on shares of ITT from $245.00 to $255.00 and gave the company a “buy” rating in a report on Monday, May 11th. Weiss Ratings downgraded shares of 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 report on Thursday, May 7th. Finally, KeyCorp lifted their price objective on ITT from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, ITT currently has a consensus 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.