Retirement Systems of Alabama Reduces Stock Position in ITT Inc. $ITT

Retirement Systems of Alabama trimmed its position in ITT Inc. (NYSE:ITT) by 2.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 147,729 shares of the conglomerate’s stock after selling 4,197 shares during the period. Retirement Systems of Alabama’s holdings in ITT were worth $25,632,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. True Wealth Design LLC grew its holdings in shares of ITT by 219.2% during the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after buying an additional 114 shares in the last quarter. Quent Capital LLC purchased a new position in shares of ITT during the third quarter valued at approximately $37,000. Triumph Capital Management purchased a new position in shares of ITT during the third quarter valued at approximately $37,000. Measured Wealth Private Client Group LLC acquired a new stake in ITT during the third quarter worth approximately $43,000. Finally, Bayforest Capital Ltd acquired a new stake in ITT during the third quarter worth approximately $46,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ITT has been the subject of several analyst reports. BMO Capital Markets started coverage on ITT in a report on Friday, March 27th. They issued an “outperform” rating and a $233.00 price target for the company. KeyCorp raised their price objective on ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Stifel Nicolaus lifted their price objective on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Citigroup upped their target price on ITT from $225.00 to $243.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.45.

Insider Transactions at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the sale, the chief executive officer owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

ITT Stock Performance

Shares of ITT stock opened at $190.64 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of 31.20, a price-to-earnings-growth ratio of 1.67 and a beta of 1.34. ITT Inc. has a one year low of $105.64 and a one year high of $209.70. The company has a 50 day moving average price of $192.90 and a 200 day moving average price of $184.12.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.06. ITT had a net margin of 12.39% and a return on equity of 17.74%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned $1.50 EPS. ITT’s revenue for the quarter was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Sell-side analysts anticipate that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be issued a $0.386 dividend. The ex-dividend date is Friday, March 6th. This is an increase from ITT’s previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s payout ratio is 25.20%.

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.