Illinois Municipal Retirement Fund Purchases 2,743 Shares of ITT Inc. $ITT

Illinois Municipal Retirement Fund grew its position in ITT Inc. (NYSE:ITT) by 89.9% in the third quarter, HoldingsChannel.com reports. The firm owned 5,795 shares of the conglomerate’s stock after acquiring an additional 2,743 shares during the period. Illinois Municipal Retirement Fund’s holdings in ITT were worth $1,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ITT. Financial Gravity Companies Inc. purchased a new position in shares of ITT during the 2nd quarter valued at $27,000. True Wealth Design LLC raised its holdings in ITT by 219.2% during the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 114 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of ITT in the second quarter valued at about $34,000. Quent Capital LLC bought a new position in shares of ITT in the third quarter worth about $37,000. Finally, MTM Investment Management LLC purchased a new stake in shares of ITT during the second quarter worth about $39,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Stock Performance

Shares of NYSE:ITT opened at $205.37 on Thursday. The firm has a fifty day simple moving average of $184.21 and a two-hundred day simple moving average of $179.29. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $207.98. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $17.66 billion, a P/E ratio of 33.61, a PEG ratio of 1.90 and a beta of 1.37.

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

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 6th will be paid a $0.386 dividend. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.35. ITT’s dividend payout ratio is 22.91%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ITT shares. Stifel Nicolaus boosted their price target on ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. KeyCorp upped their target price on shares of ITT from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. DA Davidson set a $245.00 price target on shares of ITT in a report on Monday, February 9th. Finally, Citigroup increased their price objective on shares of ITT from $225.00 to $243.00 and gave the company a “buy” rating in a report on Monday, February 9th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $216.11.

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.