Strs Ohio Buys 2,148 Shares of ITT Inc. $ITT

Strs Ohio raised its stake in ITT Inc. (NYSE:ITT) by 18.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,065 shares of the conglomerate’s stock after acquiring an additional 2,148 shares during the quarter. Strs Ohio’s holdings in ITT were worth $2,206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ITT. MQS Management LLC bought a new position in ITT in the 2nd quarter valued at approximately $362,000. Jump Financial LLC raised its holdings in ITT by 145.8% in the 1st quarter. Jump Financial LLC now owns 17,152 shares of the conglomerate’s stock valued at $2,215,000 after buying an additional 10,173 shares during the last quarter. GSA Capital Partners LLP bought a new position in ITT in the 1st quarter valued at approximately $609,000. XTX Topco Ltd bought a new position in ITT in the 1st quarter valued at approximately $1,214,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in ITT by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 522,212 shares of the conglomerate’s stock valued at $67,449,000 after buying an additional 4,905 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling at ITT

In other news, CEO Luca Savi sold 36,385 shares of ITT stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $5,994,792.60. Following the completion of the sale, the chief executive officer owned 297,536 shares in the company, valued at $49,022,031.36. The trade was a 10.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is owned by corporate insiders.

ITT Stock Performance

Shares of ITT stock opened at $185.68 on Tuesday. The firm has a 50 day moving average of $176.54 and a 200-day moving average of $161.89. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 2.42 and a beta of 1.38. The company has a quick ratio of 0.99, a current ratio of 1.52 and a debt-to-equity ratio of 0.22. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $197.07.

ITT (NYSE:ITT) last released its quarterly earnings data on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.11. The company had revenue of $999.10 million during the quarter, compared to analyst estimates of $973.69 million. ITT had a net margin of 12.67% and a return on equity of 18.96%. ITT’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.46 EPS. ITT has set its FY 2025 guidance at 6.620-6.680 EPS. On average, equities analysts forecast that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st will be paid a $0.351 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. ITT’s payout ratio is currently 23.26%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ITT shares. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a report on Wednesday, October 8th. UBS Group raised their price target on shares of ITT from $168.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Cowen restated a “buy” rating on shares of ITT in a report on Thursday, October 2nd. Finally, Stifel Nicolaus raised their price target on shares of ITT from $202.00 to $203.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $201.25.

ITT 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.