Teacher Retirement System of Texas Purchases 26,188 Shares of ITT Inc. $ITT

Teacher Retirement System of Texas raised its position in shares of ITT Inc. (NYSE:ITT) by 97.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,065 shares of the conglomerate’s stock after purchasing an additional 26,188 shares during the period. Teacher Retirement System of Texas’ holdings in ITT were worth $9,486,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new position in shares of ITT in the 2nd quarter worth about $27,000. True Wealth Design LLC lifted its position in ITT by 219.2% in the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after buying an additional 114 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in ITT in the 2nd quarter worth approximately $34,000. Quent Capital LLC purchased a new stake in ITT in the third quarter worth approximately $37,000. Finally, MTM Investment Management LLC bought a new position in ITT during the second quarter valued at approximately $39,000. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In related news, CAO Mesa Graziano Cheryl De sold 238 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $183.08, for a total value of $43,573.04. Following the completion of the sale, the chief accounting officer owned 5,062 shares of the company’s stock, valued at $926,750.96. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Emmanuel Caprais sold 5,500 shares of ITT stock in a transaction on Friday, October 31st. The shares were sold at an average price of $185.23, for a total transaction of $1,018,765.00. Following the completion of the sale, the chief financial officer owned 36,830 shares in the company, valued at approximately $6,822,020.90. This trade represents a 12.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ITT has been the subject of a number of recent research reports. DA Davidson restated a “buy” rating and issued a $215.00 price objective on shares of ITT in a report on Monday, December 8th. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research report on Monday, January 19th. KeyCorp upped their price target on shares of ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Citigroup raised their price objective on ITT from $207.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Stifel Nicolaus lowered their target price on ITT from $225.00 to $218.00 and set a “buy” rating for the company in a research note on Friday. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $206.25.

ITT Stock Performance

Shares of NYSE:ITT opened at $183.08 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $179.02 and a 200-day moving average price of $175.06. The company has a market cap of $15.75 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 1.65 and a beta of 1.37. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $197.07.

ITT (NYSE:ITT) last posted its earnings results on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.11. The company had revenue of $999.10 million for the quarter, compared to analysts’ expectations of $973.69 million. ITT had a return on equity of 18.96% and a net margin of 12.67%.ITT’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $1.46 earnings per share. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. As a group, equities analysts anticipate that ITT Inc. will post 6.51 EPS for the current year.

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st were paid a dividend of $0.351 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is 23.26%.

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.