VIRGINIA RETIREMENT SYSTEMS ET Al Buys 10,000 Shares of ITT Inc. $ITT

VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of ITT Inc. (NYSE:ITT) by 148.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,758 shares of the conglomerate’s stock after buying an additional 10,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in ITT were worth $2,908,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ITT. HighPoint Advisor Group LLC grew its stake in shares of ITT by 11.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,982 shares of the conglomerate’s stock worth $517,000 after purchasing an additional 317 shares during the last quarter. Pier 88 Investment Partners LLC grew its stake in shares of ITT by 0.9% in the fourth quarter. Pier 88 Investment Partners LLC now owns 25,960 shares of the conglomerate’s stock worth $4,504,000 after purchasing an additional 240 shares during the last quarter. Swiss Life Asset Management Ltd grew its stake in shares of ITT by 57.8% in the fourth quarter. Swiss Life Asset Management Ltd now owns 5,764 shares of the conglomerate’s stock worth $1,000,000 after purchasing an additional 2,111 shares during the last quarter. Securian Asset Management Inc. grew its stake in shares of ITT by 6.1% in the fourth quarter. Securian Asset Management Inc. now owns 6,199 shares of the conglomerate’s stock worth $1,076,000 after purchasing an additional 357 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of ITT by 38.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 7,653 shares of the conglomerate’s stock worth $1,328,000 after purchasing an additional 2,111 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Insider Buying and Selling at ITT

In other ITT news, CEO Luca Savi sold 63,450 shares of ITT 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 sale, the chief executive officer directly owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. The trade was a 19.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mesa Graziano Cheryl De sold 200 shares of ITT stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $208.41, for a total value of $41,682.00. Following the sale, the chief accounting officer directly owned 7,859 shares in the company, valued at approximately $1,637,894.19. The trade was a 2.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 70,773 shares of company stock valued at $13,624,470. 0.88% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ITT has been the topic of several recent analyst reports. DA Davidson raised their target price on ITT from $245.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group initiated coverage on ITT in a research note on Tuesday, March 31st. They issued a “buy” rating and a $270.00 target price on the stock. Weiss Ratings cut ITT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Robert W. Baird set a $246.00 target price on ITT in a research note on Thursday, May 7th. Finally, KeyCorp raised their target price on ITT from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.91.

ITT Stock Performance

ITT stock opened at $202.81 on Friday. The stock’s 50 day simple moving average is $201.61 and its two-hundred day simple moving average is $191.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.53. The stock has a market cap of $18.13 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 1.91 and a beta of 1.32. ITT Inc. has a fifty-two week low of $145.41 and a fifty-two week high of $225.26.

ITT (NYSE:ITT) last posted its quarterly earnings data on Wednesday, May 6th. The conglomerate reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.21. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.12 billion. ITT had a return on equity of 16.83% and a net margin of 10.80%.The business’s revenue was up 32.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 EPS. ITT has set its FY 2026 guidance at 7.700-8.000 EPS. As a group, analysts expect that ITT Inc. will post 7.91 earnings per share for the current fiscal year.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 8th will be given a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 8th. ITT’s payout ratio is presently 27.16%.

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.