Retirement Systems of Alabama Decreases Stake in ITT Inc. $ITT

Retirement Systems of Alabama lessened its holdings in shares of ITT Inc. (NYSE:ITT) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 147,729 shares of the conglomerate’s stock after selling 4,197 shares during the period. Retirement Systems of Alabama owned approximately 0.17% of ITT worth $25,632,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ITT. True Wealth Design LLC boosted its position in shares of ITT by 219.2% during the 3rd quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 114 shares in the last quarter. Quent Capital LLC purchased a new position in shares of ITT in the 3rd quarter valued at about $37,000. Triumph Capital Management purchased a new position in shares of ITT in the 3rd quarter valued at about $37,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of ITT in the third quarter valued at about $43,000. Finally, Bayforest Capital Ltd purchased a new stake in ITT during the third quarter worth about $46,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

Shares of ITT opened at $190.64 on Wednesday. The company has a current ratio of 2.58, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market cap of $16.40 billion, a P/E ratio of 31.20, a PEG ratio of 1.67 and a beta of 1.34. The company has a 50-day moving average of $192.90 and a two-hundred day moving average of $184.12. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $209.70.

ITT (NYSE:ITT) last released its quarterly earnings results on Thursday, February 5th. The conglomerate reported $1.85 EPS for the quarter, beating the consensus estimate of $1.79 by $0.06. ITT had a net margin of 12.39% and a return on equity of 17.74%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business earned $1.50 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, research analysts predict that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.386 per share. This is a boost from ITT’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 6th. This represents a $1.54 dividend on an annualized basis and a yield of 0.8%. ITT’s payout ratio is currently 25.20%.

Analysts Set New Price Targets

ITT has been the topic of several recent analyst reports. Stifel Nicolaus upped their target price on shares of ITT from $218.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. The Goldman Sachs Group assumed coverage on ITT in a research note on Tuesday. They set a “buy” rating and a $270.00 price target on the stock. Citigroup upped their price target on ITT from $225.00 to $243.00 and gave the stock a “buy” rating in a report on Monday, February 9th. BMO Capital Markets initiated coverage on ITT in a research note on Friday, March 27th. They issued an “outperform” rating and a $233.00 price objective for the company. Finally, Robert W. Baird set a $222.00 price objective on ITT in a report on Friday, February 6th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $226.45.

Insiders Place Their Bets

In other ITT news, CEO Luca Savi sold 63,450 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 262,354 shares of the company’s stock, valued at approximately $50,028,284.26. This trade represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.47% of the company’s stock.

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.