20,958 Shares in ITT Inc. $ITT Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 20,958 ITT shares worth approximately $4.15 million in the second quarter. Institutional investors collectively own 91.59% of ITT’s outstanding stock.
• ITT reported quarterly EPS of $2.08, exceeding estimates of $1.92, while revenue rose 51.5% year over year to $1.47 billion. The company issued fiscal 2026 EPS guidance of $8.12–$8.32.
• ITT declared a quarterly dividend of $0.386 per share, equivalent to a 0.8% annualized yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $244.82 versus the stock’s reported $198.49 price.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in ITT Inc. (NYSE:ITT - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,958 shares of the conglomerate's stock, valued at approximately $4,145,000.

Other large investors also recently made changes to their positions in the company. Amundi raised its holdings in shares of ITT by 22,565.6% in the 1st quarter. Amundi now owns 7,253 shares of the conglomerate's stock worth $867,000 after purchasing an additional 7,221 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of ITT by 7.4% in the first quarter. Goldman Sachs Group Inc. now owns 418,238 shares of the conglomerate's stock valued at $54,020,000 after buying an additional 28,937 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of ITT during the 1st quarter valued at $360,000. Focus Partners Wealth boosted its stake in shares of ITT by 80.7% during the 1st quarter. Focus Partners Wealth now owns 7,871 shares of the conglomerate's stock worth $1,017,000 after acquiring an additional 3,515 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of ITT during the 2nd quarter worth $1,880,000. Institutional investors own 91.59% of the company's stock.

ITT Stock Performance

Shares of ITT stock opened at $198.49 on Thursday. The company has a market capitalization of $17.74 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 1.65 and a beta of 1.27. ITT Inc. has a 1-year low of $166.96 and a 1-year high of $230.32. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The stock's fifty day simple moving average is $201.15 and its 200-day simple moving average is $199.58.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.16. ITT had a return on equity of 15.90% and a net margin of 8.90%.The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business earned $1.64 EPS. The business's revenue for the quarter was up 51.5% on a year-over-year basis. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, sell-side analysts predict that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be given a $0.386 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th. ITT's dividend payout ratio is 30.20%.

Insider Activity at ITT

In related news, CEO Luca Savi acquired 5,019 shares of the company's stock in a transaction on Monday, August 31st. The shares were purchased at an average price of $199.56 per share, for a total transaction of $1,001,591.64. Following the purchase, the chief executive officer owned 267,373 shares in the company, valued at $53,356,955.88. This represents a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Graziano De sold 700 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the completion of the sale, the chief accounting officer owned 7,159 shares of the company's stock, valued at approximately $1,535,891.86. The trade was a 8.91% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.88% of the company's stock.

Wall Street Analysts Forecast Growth

ITT has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their target price on ITT from $246.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Wolfe Research upgraded ITT from a "peer perform" rating to an "outperform" rating and set a $229.00 price target for the company in a research report on Thursday, July 9th. Citigroup lifted their price target on ITT from $254.00 to $267.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. KeyCorp boosted their price objective on ITT from $250.00 to $263.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $273.00 price objective on shares of ITT in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $244.82.

About ITT

ITT Inc is a diversified industrial manufacturer that develops and produces highly engineered components and systems for transportation, energy, industrial, aerospace and defense, and other specialized markets. The company serves original equipment manufacturers, distributors and aftermarket customers through a portfolio of mission-critical products designed to support safety, efficiency and reliability.

ITT operates through three primary business segments. Motion Technologies supplies brake pads, friction materials, shock absorbers, dampers and related components for automotive and rail applications.

Want to see what other hedge funds are holding ITT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ITT Inc. (NYSE:ITT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.