California State Teachers Retirement System Buys 19,397 Shares of ITT Inc. $ITT

Key Points

• California State Teachers Retirement System increased its ITT stake by 23.8% in the first quarter, adding 19,397 shares to hold 101,016 shares valued at approximately $19.25 million. Institutional investors collectively own 91.59% of ITT.
• ITT reported a strong quarter, with earnings of $1.98 per share versus the $1.77 consensus estimate and revenue of $1.21 billion, up 32.7% year over year. Management issued fiscal 2026 EPS guidance of $7.70–$8.00.
• The company declared a quarterly dividend of $0.386 per share, equivalent to $1.54 annually and a 0.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $234.75.

California State Teachers Retirement System boosted its stake in ITT Inc. (NYSE:ITT - Free Report) by 23.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,016 shares of the conglomerate's stock after purchasing an additional 19,397 shares during the quarter. California State Teachers Retirement System owned about 0.11% of ITT worth $19,247,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ITT by 55,929.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate's stock worth $263,458,000 after purchasing an additional 1,515,695 shares during the last quarter. Norges Bank bought a new position in ITT during the fourth quarter valued at approximately $194,884,000. Vanguard Group Inc. boosted its stake in ITT by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,460,467 shares of the conglomerate's stock valued at $1,467,976,000 after buying an additional 620,217 shares during the last quarter. Findlay Park Partners LLP grew its holdings in ITT by 63.2% during the 4th quarter. Findlay Park Partners LLP now owns 1,230,902 shares of the conglomerate's stock valued at $213,574,000 after buying an additional 476,702 shares in the last quarter. Finally, Ghisallo Capital Management LLC purchased a new position in ITT during the 4th quarter valued at approximately $78,080,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

ITT Trading Up 1.3%

Shares of ITT stock opened at $195.59 on Friday. The company has a market cap of $17.49 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 1.85 and a beta of 1.27. ITT Inc. has a 1 year low of $157.66 and a 1 year high of $225.26. The stock's 50 day simple moving average is $193.07 and its two-hundred day simple moving average is $196.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 1.01.

ITT (NYSE:ITT - Get Free Report) last announced its earnings results on Wednesday, May 6th. The conglomerate reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.21. The firm had revenue of $1.21 billion during 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 company's quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. Research analysts predict that ITT Inc. will post 7.89 earnings per share for the current year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 8th were given a $0.386 dividend. The ex-dividend date was Monday, June 8th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT's dividend payout ratio (DPR) is currently 27.16%.

Insider Buying and Selling at ITT

In other ITT news, 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 transaction of $41,682.00. Following the completion of the transaction, the chief accounting officer directly owned 7,859 shares of the company's stock, valued at $1,637,894.19. The trade was 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 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 transaction, the insider owned 8,729 shares in the company, valued at $1,817,988.83. This trade 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 owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on ITT shares. Barclays upped their price objective on ITT from $210.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, May 7th. Wall Street Zen lowered shares of ITT from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. KeyCorp boosted their price target 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. Robert W. Baird set a $246.00 price target on shares of ITT in a research note on Thursday, May 7th. Finally, Wolfe Research upgraded shares of ITT from a "peer perform" rating to an "outperform" rating and set a $229.00 price objective for the company in a research report on Thursday, July 9th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, ITT has a consensus rating of "Moderate Buy" and an average target price of $234.75.

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.

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.