ITT Inc. (NYSE:ITT) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,498 shares of the conglomerate's stock after selling 1,750 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of ITT worth $10,930,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of ITT by 22.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,049 shares of the conglomerate's stock worth $1,293,000 after purchasing an additional 1,659 shares during the period. Forum Financial Management LP acquired a new stake in ITT in the 4th quarter valued at about $203,000. Focus Partners Advisor Solutions LLC acquired a new stake in ITT in the 4th quarter valued at about $232,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in ITT by 9.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 250,467 shares of the conglomerate's stock valued at $35,787,000 after purchasing an additional 21,040 shares in the last quarter. Finally, Woodline Partners LP increased its holdings in shares of ITT by 228.9% in the 4th quarter. Woodline Partners LP now owns 117,384 shares of the conglomerate's stock valued at $16,772,000 after acquiring an additional 81,693 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ITT has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus increased their price objective on ITT from $161.00 to $171.00 and gave the company a "buy" rating in a report on Friday, May 16th. Bank of America increased their price objective on ITT from $145.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. KeyCorp raised their price target on ITT from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen upgraded ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $165.50.

ITT Price Performance

ITT stock traded up $0.66 during midday trading on Wednesday, hitting $151.46. 68,339 shares of the stock were exchanged, compared to its average volume of 449,547. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $161.13. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 1.89 and a beta of 1.36. The stock's 50-day moving average price is $137.03 and its 200-day moving average price is $142.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The conglomerate reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.01. ITT had a return on equity of 18.03% and a net margin of 14.27%. The company had revenue of $913.00 million during the quarter, compared to analysts' expectations of $901.22 million. During the same period in the previous year, the firm posted $1.42 earnings per share. The business's revenue for the quarter was up .3% compared to the same quarter last year. Research analysts predict that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be given a $0.351 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Monday, June 2nd. ITT's dividend payout ratio is currently 22.26%.

ITT Company Profile

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.