Louisiana State Employees Retirement System Acquires Shares of 24,900 ITT Inc. $ITT

Louisiana State Employees Retirement System acquired a new position in shares of ITT Inc. (NYSE:ITT) during the first quarter, HoldingsChannel.com reports. The fund acquired 24,900 shares of the conglomerate’s stock, valued at approximately $4,744,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Elyxium Wealth LLC purchased a new position in ITT in the 4th quarter worth approximately $29,000. Bayban purchased a new stake in shares of ITT during the fourth quarter valued at approximately $31,000. Parkside Financial Bank & Trust lifted its position in shares of ITT by 62.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 197 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 76 shares in the last quarter. Entrust Financial LLC acquired a new position in shares of ITT during the fourth quarter worth $36,000. Finally, Triumph Capital Management purchased a new position in shares of ITT in the third quarter valued at $37,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

ITT has been the subject of a number of recent analyst reports. Weiss Ratings lowered shares of ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. DA Davidson upped their price objective on shares of ITT from $245.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Barclays raised their target price on ITT from $210.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Citigroup lifted their target price on ITT from $252.00 to $254.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Robert W. Baird set a $246.00 price target on ITT in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $234.91.

Insider Activity

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $208.41, for a total transaction of $41,682.00. Following the completion of the sale, the chief accounting officer directly owned 7,859 shares of the company’s stock, valued at approximately $1,637,894.19. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lori B. Marino sold 7,123 shares of the business’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 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. 0.88% of the stock is currently owned by insiders.

ITT Stock Performance

Shares of ITT stock opened at $193.20 on Friday. The company has a market cap of $17.27 billion, a P/E ratio of 34.07, a PEG ratio of 1.88 and a beta of 1.27. The business has a 50 day moving average of $200.99 and a two-hundred day moving average of $193.24. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 0.71. ITT Inc. has a 52 week low of $154.29 and a 52 week high of $225.26.

ITT (NYSE:ITT) last issued its quarterly earnings results on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.21. The company had revenue of $1.21 billion for 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%.The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same period last year, the firm earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, analysts anticipate that ITT Inc. will post 7.91 EPS for the current year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Monday, June 8th will be given a dividend of $0.386 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. ITT’s payout ratio is 27.16%.

About ITT

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.