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

Public Employees Retirement System of Ohio cut its holdings in shares of ITT Inc. (NYSE:ITT) by 4.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 62,728 shares of the conglomerate’s stock after selling 2,853 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in ITT were worth $11,952,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Andina Capital Management LLC raised its stake in shares of ITT by 1.6% during the fourth quarter. Andina Capital Management LLC now owns 3,166 shares of the conglomerate’s stock valued at $549,000 after acquiring an additional 49 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of ITT by 2.8% in the first quarter. Kestra Private Wealth Services LLC now owns 1,942 shares of the conglomerate’s stock worth $370,000 after purchasing an additional 52 shares during the last quarter. Whittier Trust Co. grew its stake in shares of ITT by 5.1% in the first quarter. Whittier Trust Co. now owns 1,064 shares of the conglomerate’s stock worth $207,000 after purchasing an additional 52 shares during the last quarter. Toronto Dominion Bank increased its holdings in ITT by 2.2% in the fourth quarter. Toronto Dominion Bank now owns 2,481 shares of the conglomerate’s stock valued at $430,000 after purchasing an additional 53 shares during the period. Finally, Stephens Inc. AR raised its position in ITT by 3.8% during the 4th quarter. Stephens Inc. AR now owns 1,654 shares of the conglomerate’s stock worth $287,000 after purchasing an additional 60 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

ITT Price Performance

ITT stock opened at $195.78 on Monday. 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 cap of $17.50 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 1.84 and a beta of 1.27. The company’s fifty day simple moving average is $192.87 and its 200 day simple moving average is $195.74. ITT Inc. has a 12-month low of $157.66 and a 12-month 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 for the quarter, topping analysts’ consensus estimates of $1.77 by $0.21. ITT had a return on equity of 16.83% and a net margin of 10.80%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business posted $1.45 EPS. The business’s revenue was up 32.7% compared to the same quarter last year. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. On average, analysts expect that ITT Inc. will post 7.89 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 8th were paid a dividend of $0.386 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $1.54 annualized dividend and a yield of 0.8%. ITT’s dividend payout ratio (DPR) is currently 27.16%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ITT shares. DA Davidson lifted their target price on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Stifel Nicolaus increased their price target on ITT from $246.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 20th. The Goldman Sachs Group started coverage on ITT in a research report on Tuesday, March 31st. They set a “buy” rating and a $270.00 price objective for the company. Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, Citigroup upped their target price on ITT from $252.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $234.75.

Insider Buying and Selling

In other ITT news, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $208.41, for a total value of $41,682.00. Following the completion of the sale, the chief accounting officer directly owned 7,859 shares in the company, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 value of $1,483,507.21. Following the completion of the transaction, the insider directly owned 8,729 shares in the company, valued at approximately $1,817,988.83. This trade represents a 44.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.88% of the company’s stock.

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.