Teacher Retirement System of Texas Sells 9,635 Shares of ITT Inc. (NYSE:ITT)

Teacher Retirement System of Texas lessened its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 13.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,233 shares of the conglomerate's stock after selling 9,635 shares during the period. Teacher Retirement System of Texas owned approximately 0.08% of ITT worth $8,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC increased its holdings in ITT by 10.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 29,831 shares of the conglomerate's stock worth $3,853,000 after acquiring an additional 2,765 shares during the period. Bessemer Group Inc. grew its stake in ITT by 6.2% in the 1st quarter. Bessemer Group Inc. now owns 9,488 shares of the conglomerate's stock worth $1,226,000 after buying an additional 551 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in ITT in the 1st quarter worth approximately $135,000. Oppenheimer & Co. Inc. grew its stake in ITT by 107.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 3,794 shares of the conglomerate's stock worth $490,000 after buying an additional 1,963 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in ITT by 1.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,609 shares of the conglomerate's stock worth $1,499,000 after buying an additional 123 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

ITT Stock Down 0.1%

Shares of ITT stock traded down $0.11 during trading on Tuesday, reaching $158.72. The company's stock had a trading volume of 359,414 shares, compared to its average volume of 454,056. ITT Inc. has a 52-week low of $105.64 and a 52-week high of $161.79. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 2.11 and a beta of 1.35. The firm's 50-day moving average is $150.53 and its two-hundred day moving average is $142.86.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The conglomerate reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.01. ITT had a net margin of 14.19% and a return on equity of 17.75%. The company had revenue of $913.00 million during the quarter, compared to analyst estimates of $901.22 million. During the same period in the prior year, the business posted $1.42 EPS. The firm's revenue was up .3% compared to the same quarter last year. On average, equities research analysts anticipate that ITT Inc. will post 6.51 EPS for the current year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 2nd were given a $0.351 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.40 annualized dividend and a dividend yield of 0.88%. ITT's dividend payout ratio is 22.26%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ITT. The Goldman Sachs Group boosted their price target on shares of ITT from $160.00 to $177.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. KeyCorp boosted their price target on shares of ITT from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Wall Street Zen raised shares of ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Bank of America boosted their price target on shares of ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, Citigroup cut their price target on shares of ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, ITT currently has an average rating of "Moderate Buy" and an average price target of $165.50.

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.