ITT Inc. (NYSE:ITT) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in ITT Inc. (NYSE:ITT - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,531 shares of the conglomerate's stock after selling 2,762 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of ITT worth $7,506,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ITT. Janney Montgomery Scott LLC boosted its position in ITT by 7.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 31,000 shares of the conglomerate's stock valued at $4,429,000 after acquiring an additional 2,109 shares during the last quarter. Mutual Advisors LLC boosted its position in ITT by 11.0% during the fourth quarter. Mutual Advisors LLC now owns 2,412 shares of the conglomerate's stock valued at $360,000 after acquiring an additional 239 shares during the last quarter. Blue Trust Inc. boosted its position in ITT by 50.4% during the fourth quarter. Blue Trust Inc. now owns 2,242 shares of the conglomerate's stock valued at $335,000 after acquiring an additional 751 shares during the last quarter. KBC Group NV boosted its position in ITT by 63.4% during the fourth quarter. KBC Group NV now owns 3,292 shares of the conglomerate's stock valued at $470,000 after acquiring an additional 1,277 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in ITT by 17.8% during the fourth quarter. Pacer Advisors Inc. now owns 19,868 shares of the conglomerate's stock valued at $2,839,000 after acquiring an additional 2,999 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

ITT Stock Performance

Shares of ITT traded down $0.52 during mid-day trading on Friday, hitting $150.52. 478,217 shares of the company traded hands, compared to its average volume of 451,643. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a 50-day moving average price of $136.46 and a two-hundred day moving average price of $142.75. ITT Inc. has a 1 year low of $105.64 and a 1 year high of $161.13. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 23.89, a P/E/G ratio of 1.89 and a beta of 1.36.

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

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 yield of 0.93%. The ex-dividend date is Monday, June 2nd. ITT's dividend payout ratio (DPR) is currently 22.26%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 14th. UBS Group upped their target price on shares of ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, February 7th. KeyCorp increased their price objective on shares of ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group raised 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. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.