California State Teachers Retirement System Purchases 2,976 Shares of ITT Inc. $ITT

California State Teachers Retirement System lifted its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 2.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,992 shares of the conglomerate's stock after purchasing an additional 2,976 shares during the quarter. California State Teachers Retirement System owned 0.12% of ITT worth $20,565,458 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of ITT during the second quarter valued at approximately $1,715,593,000. Capital International Investors raised its position in shares of ITT by 3.0% in the fourth quarter. Capital International Investors now owns 8,797,165 shares of the conglomerate's stock valued at $1,526,421,000 after buying an additional 258,936 shares during the last quarter. Geode Capital Management LLC boosted its holdings in ITT by 15.6% during the 4th quarter. Geode Capital Management LLC now owns 1,614,929 shares of the conglomerate's stock valued at $280,267,000 after acquiring an additional 217,360 shares during the period. Findlay Park Partners LLP acquired a new stake in shares of ITT during the second quarter worth about $276,395,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in ITT by 55,929.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,518,405 shares of the conglomerate's stock worth $263,458,000 after buying an additional 1,515,695 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

Wall Street Analysts Forecast Growth

ITT has been the subject of several analyst reports. Wolfe Research reissued an "outperform" rating and set a $272.00 price target on shares of ITT in a report on Tuesday. KeyCorp lifted their price target on shares of ITT from $250.00 to $263.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Citigroup raised their price target on shares of ITT from $254.00 to $267.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Stifel Nicolaus lifted their target price on shares of ITT from $246.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Finally, DA Davidson increased their target price on shares of ITT from $255.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, August 11th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $248.73.

ITT Stock Down 0.4%

ITT stock traded down $0.82 during mid-day trading on Tuesday, hitting $198.68. The company had a trading volume of 232,174 shares, compared to its average volume of 892,062. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average of $201.87 and a 200 day moving average of $199.46. The stock has a market cap of $17.76 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 1.67 and a beta of 1.27. ITT Inc. has a 1 year low of $166.96 and a 1 year high of $230.32.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, beating 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 company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company posted $1.64 earnings per share. The firm's revenue was up 51.5% compared to the same quarter last year. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. On average, sell-side analysts expect that ITT Inc. will post 8.25 earnings per share for the current fiscal year.

ITT Announces Dividend

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

Insiders Place Their Bets

In other ITT news, CEO Luca Savi bought 5,019 shares of the firm's stock in a transaction on Monday, August 31st. The stock was acquired at an average price of $199.56 per share, with a total value of $1,001,591.64. Following the completion of the purchase, the chief executive officer owned 267,373 shares of the company's stock, valued at approximately $53,356,955.88. This trade represents a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Graziano De sold 700 shares of the business's stock in a transaction 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 in the company, valued at $1,535,891.86. This represents a 8.91% 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 Profile

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.

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