Teacher Retirement System of Texas Acquires 10,356 Shares of ITT Inc. (NYSE:ITT)

Teacher Retirement System of Texas increased its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,868 shares of the conglomerate's stock after acquiring an additional 10,356 shares during the period. Teacher Retirement System of Texas owned about 0.09% of ITT worth $10,269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC bought a new stake in shares of ITT during the fourth quarter worth $26,000. Resources Management Corp CT ADV acquired a new position in ITT during the 3rd quarter worth about $30,000. ORG Wealth Partners LLC acquired a new stake in ITT in the 4th quarter valued at about $30,000. Whipplewood Advisors LLC bought a new position in shares of ITT in the fourth quarter worth about $34,000. Finally, Private Trust Co. NA lifted its position in shares of ITT by 232.2% during the third quarter. Private Trust Co. NA now owns 299 shares of the conglomerate's stock worth $45,000 after purchasing an additional 209 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Trading Down 0.3 %

ITT traded down $0.45 during midday trading on Tuesday, reaching $139.42. 334,752 shares of the company were exchanged, compared to its average volume of 387,817. The stock has a market capitalization of $11.35 billion, a P/E ratio of 22.13, a PEG ratio of 1.89 and a beta of 1.42. ITT Inc. has a one year low of $121.01 and a one year high of $161.13. The stock's 50-day simple moving average is $143.53 and its 200 day simple moving average is $146.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40.

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ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. As a group, analysts forecast that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be paid a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, March 6th. This is an increase from ITT's previous quarterly dividend of $0.32. ITT's dividend payout ratio (DPR) is presently 22.22%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ITT shares. Wolfe Research started coverage on shares of ITT in a report on Wednesday, December 11th. They issued a "peer perform" rating for the company. UBS Group lifted their target price on ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, February 7th. KeyCorp upped their price target on ITT from $164.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Citigroup lowered their price objective on ITT from $183.00 to $181.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, StockNews.com upgraded shares of ITT from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, ITT presently has a consensus rating of "Moderate Buy" and an average target price of $168.38.

About ITT

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.