60,327 Shares in ITT Inc. $ITT Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in ITT Inc. (NYSE:ITT) during the second quarter, HoldingsChannel.com reports. The fund bought 60,327 shares of the conglomerate’s stock, valued at approximately $11,930,000.

Several other hedge funds also recently modified their holdings of the company. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of ITT during the second quarter worth about $234,000. Proficio Capital Partners LLC purchased a new position in shares of ITT during the second quarter valued at approximately $270,000. Transamerica Financial Advisors LLC acquired a new stake in ITT during the second quarter worth approximately $43,000. Corient Private Wealth LP acquired a new stake in ITT during the second quarter worth approximately $2,657,000. Finally, Bank of America Corp DE purchased a new stake in ITT in the 2nd quarter worth approximately $173,436,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $214.54, for a total value of $150,178.00. Following the transaction, the chief accounting officer owned 7,159 shares in the company, valued at approximately $1,535,891.86. This trade represents a 8.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.

ITT Price Performance

Shares of ITT stock opened at $202.80 on Monday. ITT Inc. has a twelve month low of $166.96 and a twelve month high of $230.32. The stock has a market capitalization of $18.13 billion, a P/E ratio of 39.76, a PEG ratio of 1.66 and a beta of 1.27. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The business’s fifty day moving average price is $200.18 and its 200 day moving average price is $199.70.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping the consensus estimate of $1.92 by $0.16. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.39 billion. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm’s revenue was up 51.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.64 earnings per share. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. As a group, research analysts anticipate that ITT Inc. will post 8.25 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Tuesday, September 8th will be given a dividend of $0.386 per share. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT’s dividend payout ratio is 30.20%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ITT shares. Citigroup increased their price target on ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. KeyCorp upped their target price on ITT from $250.00 to $263.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Wolfe Research raised ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target on the stock in a research note on Thursday, July 9th. Robert W. Baird set a $246.00 price target on ITT in a report on Thursday, May 7th. Finally, DA Davidson upped their price objective on shares of ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $241.08.

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.