ITT Inc. (NYSE:ITT) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,036 shares of the conglomerate's stock after selling 6,119 shares during the period. New York State Teachers Retirement System owned 0.12% of ITT worth $13,722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ITT. Eagle Asset Management Inc. purchased a new stake in shares of ITT during the third quarter worth about $67,503,000. Allspring Global Investments Holdings LLC raised its position in ITT by 46.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 95,398 shares of the conglomerate's stock valued at $14,263,000 after acquiring an additional 30,320 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in ITT by 16,832.5% in the third quarter. International Assets Investment Management LLC now owns 14,054 shares of the conglomerate's stock valued at $2,101,000 after acquiring an additional 13,971 shares during the period. Algert Global LLC boosted its position in ITT by 101.2% in the 3rd quarter. Algert Global LLC now owns 18,034 shares of the conglomerate's stock worth $2,696,000 after purchasing an additional 9,070 shares in the last quarter. Finally, Pier 88 Investment Partners LLC grew its stake in shares of ITT by 268.1% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 27,830 shares of the conglomerate's stock worth $4,161,000 after purchasing an additional 20,270 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, February 7th. TD Cowen upped their price objective on shares of ITT from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Wolfe Research initiated coverage on ITT in a research report on Wednesday, December 11th. They set a "peer perform" rating on the stock. Citigroup lowered their price target on ITT from $183.00 to $181.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, Robert W. Baird cut their price objective on ITT from $165.00 to $163.00 and set an "outperform" rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.38.

ITT Price Performance

Shares of NYSE ITT traded down $6.04 during midday trading on Friday, hitting $141.85. The stock had a trading volume of 572,938 shares, compared to its average volume of 385,233. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. ITT Inc. has a 1 year low of $121.01 and a 1 year high of $161.13. The company has a market capitalization of $11.55 billion, a PE ratio of 22.52, a P/E/G ratio of 1.91 and a beta of 1.41. The stock has a 50 day simple moving average of $146.34 and a 200-day simple moving average of $145.48.

ITT (NYSE:ITT - Get Free Report) last announced its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. On average, sell-side analysts expect that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be issued a $0.351 dividend. This is an increase from ITT's previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a yield of 0.99%. ITT's dividend payout ratio is presently 20.32%.

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.