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

Teacher Retirement System of Texas raised its stake in ITT Inc. (NYSE:ITT) by 97.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,065 shares of the conglomerate’s stock after acquiring an additional 26,188 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of ITT worth $9,486,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

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

ITT Stock Performance

NYSE ITT opened at $183.08 on Monday. ITT Inc. has a 1 year low of $105.64 and a 1 year high of $197.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.52 and a quick ratio of 1.05. The stock has a market capitalization of $15.75 billion, a PE ratio of 30.41, a P/E/G ratio of 1.65 and a beta of 1.37. The company’s 50 day simple moving average is $179.02 and its two-hundred day simple moving average is $175.06.

ITT (NYSE:ITT) last released its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.11. The firm had revenue of $999.10 million during the quarter, compared to analyst estimates of $973.69 million. ITT had a net margin of 12.67% and a return on equity of 18.96%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.46 EPS. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. Analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Citigroup boosted 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. DA Davidson reissued a “buy” rating and issued a $215.00 price target on shares of ITT in a research report on Monday, December 8th. TD Cowen restated a “buy” rating on shares of ITT in a research note on Thursday, October 2nd. Wall Street Zen lowered shares of ITT from a “buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, KeyCorp boosted their target price on shares of ITT from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $206.25.

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.