Public Employees Retirement System of Ohio Sells 2,853 Shares of ITT Inc. $ITT

Public Employees Retirement System of Ohio reduced its position in ITT Inc. (NYSE:ITT) by 4.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 62,728 shares of the conglomerate’s stock after selling 2,853 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of ITT worth $11,952,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Andina Capital Management LLC raised its stake in ITT by 1.6% in the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock valued at $549,000 after buying an additional 49 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of ITT by 2.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after acquiring an additional 52 shares during the period. Whittier Trust Co. increased its holdings in shares of ITT by 5.1% during the 1st quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after acquiring an additional 52 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of ITT by 2.2% during the 4th quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock worth $430,000 after acquiring an additional 53 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in ITT by 3.8% in the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock valued at $287,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Trading Down 0.0%

Shares of ITT stock opened at $195.78 on Monday. The stock’s fifty day moving average price is $192.87 and its two-hundred day moving average price is $195.74. The company has a market cap of $17.50 billion, a PE ratio of 34.53, a P/E/G ratio of 1.84 and a beta of 1.27. ITT Inc. has a fifty-two week low of $157.66 and a fifty-two week high of $225.26. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53.

ITT (NYSE:ITT) last posted its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.ITT’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities analysts predict that ITT Inc. will post 7.89 EPS for the current fiscal year.

ITT Announces Dividend

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

Insider Buying and Selling

In related news, CAO Mesa Graziano Cheryl De sold 200 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the transaction, the chief accounting officer owned 7,859 shares of the company’s stock, valued at $1,637,894.19. This represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lori B. Marino sold 7,123 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the completion of the sale, the insider owned 8,729 shares in the company, valued at $1,817,988.83. This represents a 44.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ITT shares. Stifel Nicolaus lifted their target price on shares of ITT from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Wolfe Research raised shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price for the company in a research report on Thursday, July 9th. Robert W. Baird set a $246.00 price target on shares of ITT in a research note on Thursday, May 7th. Weiss Ratings lowered shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, DA Davidson lifted their price objective on shares of ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.75.

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.