Public Employees Retirement System of Ohio Purchases New Position in ITT Inc. $ITT

Public Employees Retirement System of Ohio acquired a new position in shares of ITT Inc. (NYSE:ITT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 60,327 shares of the conglomerate’s stock, valued at approximately $11,930,000. Public Employees Retirement System of Ohio owned about 0.07% of ITT as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. MASTERINVEST Kapitalanlage GmbH purchased a new position in ITT during the 2nd quarter worth approximately $234,000. Proficio Capital Partners LLC acquired a new stake in shares of ITT in the second quarter valued at approximately $270,000. Transamerica Financial Advisors LLC purchased a new position in shares of ITT during the second quarter worth approximately $43,000. Corient Private Wealth LP purchased a new stake in ITT in the 2nd quarter valued at $2,657,000. Finally, Bank of America Corp DE purchased a new stake in ITT in the 2nd quarter valued at $173,436,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ITT

In related news, CAO Mesa Graziano Cheryl De sold 700 shares of ITT stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $214.54, for a total transaction of $150,178.00. Following the completion of the transaction, the chief accounting officer directly owned 7,159 shares in the company, valued at $1,535,891.86. The trade was a 8.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.88% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on ITT shares. DA Davidson boosted their price target on ITT from $255.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Citigroup upped their price target on ITT from $254.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Weiss Ratings downgraded shares of ITT from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Wolfe Research upgraded shares of ITT from a “peer perform” rating to an “outperform” rating and set a $229.00 target price for the company in a research note on Thursday, July 9th. Finally, Robert W. Baird set a $246.00 target price on shares of ITT in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $241.08.

ITT Stock Down 0.1%

ITT stock opened at $202.80 on Monday. ITT Inc. has a fifty-two week low of $166.96 and a fifty-two week high of $230.32. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of 39.76, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27. The stock’s fifty day moving average is $200.18 and its two-hundred day moving average is $199.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.26.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, August 6th. The conglomerate reported $2.08 EPS for the quarter, topping the consensus estimate of $1.92 by $0.16. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.39 billion. ITT had a net margin of 8.90% and a return on equity of 15.90%. The business’s revenue for the quarter was up 51.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 EPS. ITT has set its FY 2026 guidance at 8.120-8.320 EPS. Analysts predict that ITT Inc. will post 8.25 EPS for the current fiscal year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Tuesday, September 8th will be given a $0.386 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.54 annualized dividend and a dividend yield of 0.8%. ITT’s dividend payout ratio is currently 30.20%.

About ITT

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.