California Public Employees Retirement System Acquires 11,078 Shares of ITT Inc. $ITT

California Public Employees Retirement System lifted its holdings in ITT Inc. (NYSE:ITT) by 7.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,478 shares of the conglomerate’s stock after purchasing an additional 11,078 shares during the quarter. California Public Employees Retirement System’s holdings in ITT were worth $31,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Elyxium Wealth LLC purchased a new stake in shares of ITT during the fourth quarter valued at $29,000. Bayban bought a new stake in ITT in the 4th quarter worth about $31,000. Parkside Financial Bank & Trust raised its position in ITT by 62.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after buying an additional 76 shares during the last quarter. Entrust Financial LLC purchased a new position in ITT in the 4th quarter worth about $36,000. Finally, Triumph Capital Management bought a new position in ITT during the 3rd quarter valued at about $37,000. 91.59% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Lori B. Marino sold 7,123 shares of ITT stock in a transaction on Friday, May 8th. The stock was sold at an average price of $208.27, for a total transaction of $1,483,507.21. Following the transaction, the insider directly owned 8,729 shares in the company, valued at approximately $1,817,988.83. The trade was a 44.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction 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 transaction, the chief accounting officer owned 7,859 shares in the company, valued at $1,637,894.19. This trade represents a 2.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wolfe Research upgraded shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 price target for the company in a research note on Thursday, July 9th. Robert W. Baird set a $246.00 price objective on shares of ITT in a research report on Thursday, May 7th. The Goldman Sachs Group started coverage on shares of ITT in a report on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price on the stock. KeyCorp lifted their target price on shares of ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Citigroup boosted their target price on shares of ITT from $252.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $234.75.

ITT Price Performance

NYSE ITT opened at $191.96 on Wednesday. The company has a 50-day moving average price of $193.21 and a 200-day moving average price of $195.34. ITT Inc. has a 52 week low of $155.58 and a 52 week high of $225.26. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $17.16 billion, a P/E ratio of 33.85, a PEG ratio of 1.80 and a beta of 1.27.

ITT (NYSE:ITT) last posted its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.12 billion. ITT had a net margin of 10.80% and a return on equity of 16.83%. The firm’s revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 earnings per share. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Equities research analysts anticipate that ITT Inc. will post 7.91 earnings per share for the current year.

ITT Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, June 8th. ITT’s dividend payout ratio is 27.16%.

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.