Teachers Retirement System of The State of Kentucky Has $9.03 Million Stake in ITT Inc. $ITT

Key Points

• Teachers Retirement System of Kentucky cut its ITT stake by 24%, selling 16,464 shares and now owning 52,064 shares worth about $9.03 million.
• CEO Luca Savi sold 63,450 shares on March 5 for roughly $12.1 million, reducing his ownership by about 19.5% (insiders own 0.88% of the company).
• ITT beat Q4 estimates (EPS $1.85 vs. $1.79; revenue $1.05B vs. $1.01B), raised its quarterly dividend to $0.386, and has a consensus analyst rating of "Moderate Buy" with an average target of $225.55.

Teachers Retirement System of The State of Kentucky decreased its holdings in ITT Inc. (NYSE:ITT - Free Report) by 24.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,064 shares of the conglomerate's stock after selling 16,464 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.06% of ITT worth $9,034,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Assetmark Inc. grew its stake in shares of ITT by 10.9% in the 3rd quarter. Assetmark Inc. now owns 558 shares of the conglomerate's stock valued at $100,000 after buying an additional 55 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of ITT by 0.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 24,917 shares of the conglomerate's stock valued at $4,454,000 after buying an additional 65 shares in the last quarter. Covestor Ltd grew its stake in shares of ITT by 15.3% in the 3rd quarter. Covestor Ltd now owns 512 shares of the conglomerate's stock valued at $92,000 after buying an additional 68 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of ITT by 1.5% in the 3rd quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate's stock valued at $845,000 after buying an additional 69 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of ITT by 4.0% in the 3rd quarter. IFP Advisors Inc now owns 1,847 shares of the conglomerate's stock valued at $330,000 after buying an additional 71 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

Insider Transactions at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $190.69, for a total transaction of $12,099,280.50. Following the completion of the sale, the chief executive officer owned 262,354 shares of the company's stock, valued at $50,028,284.26. This represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is owned by insiders.

ITT Stock Up 0.2%

Shares of ITT stock opened at $219.12 on Monday. The stock has a market capitalization of $19.59 billion, a P/E ratio of 35.86, a PEG ratio of 2.06 and a beta of 1.32. The company has a quick ratio of 2.07, a current ratio of 2.58 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $200.02 and a two-hundred day moving average price of $188.08. ITT Inc. has a 12-month low of $132.92 and a 12-month high of $224.12.

ITT (NYSE:ITT - Get Free Report) last announced its earnings results on Thursday, February 5th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.01 billion. ITT had a return on equity of 17.74% and a net margin of 12.39%.The company's revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.50 earnings per share. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. Equities analysts expect that ITT Inc. will post 7.9 earnings per share for the current year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 6th were given a dividend of $0.386 per share. The ex-dividend date of this dividend was Friday, March 6th. This is an increase from ITT's previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a yield of 0.7%. ITT's dividend payout ratio (DPR) is currently 25.20%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ITT. Wall Street Zen raised ITT from a "hold" rating to a "buy" rating in a research note on Monday, March 2nd. Weiss Ratings reissued a "buy (b)" rating on shares of ITT in a research note on Tuesday, April 21st. Robert W. Baird set a $222.00 price target on ITT in a research note on Friday, February 6th. The Goldman Sachs Group began coverage on ITT in a research note on Tuesday, March 31st. They issued a "buy" rating and a $270.00 price target for the company. Finally, BMO Capital Markets assumed coverage on ITT in a research note on Friday, March 27th. They issued an "outperform" rating and a $233.00 price target for the company. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $225.55.

ITT Company Profile

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.

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