Illinois Municipal Retirement Fund Acquires 2,743 Shares of ITT Inc. $ITT

Illinois Municipal Retirement Fund increased its stake in ITT Inc. (NYSE:ITT) by 89.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,795 shares of the conglomerate’s stock after buying an additional 2,743 shares during the period. Illinois Municipal Retirement Fund’s holdings in ITT were worth $1,036,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ITT. Covestor Ltd increased its holdings in shares of ITT by 15.3% during the third quarter. Covestor Ltd now owns 512 shares of the conglomerate’s stock valued at $92,000 after acquiring an additional 68 shares in the last quarter. Merit Financial Group LLC increased its stake in ITT by 1.5% during the 3rd quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock valued at $845,000 after purchasing an additional 69 shares in the last quarter. Unique Wealth LLC raised its holdings in ITT by 1.9% in the third quarter. Unique Wealth LLC now owns 4,107 shares of the conglomerate’s stock worth $734,000 after buying an additional 75 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of ITT by 2.9% in the second quarter. Advisors Asset Management Inc. now owns 3,427 shares of the conglomerate’s stock worth $537,000 after buying an additional 97 shares in the last quarter. Finally, Clearstead Trust LLC grew its holdings in shares of ITT by 40.0% during the second quarter. Clearstead Trust LLC now owns 350 shares of the conglomerate’s stock valued at $55,000 after buying an additional 100 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ITT shares. Stifel Nicolaus upped their price objective on ITT from $218.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Wall Street Zen raised ITT from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Robert W. Baird set a $222.00 price objective on ITT in a research report on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Finally, DA Davidson set a $245.00 price target on shares of ITT in a report on Monday, February 9th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $216.11.

ITT Stock Up 0.3%

ITT stock opened at $205.37 on Thursday. The company has a market cap of $17.66 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 1.90 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.58. The business’s 50-day moving average is $184.21 and its two-hundred day moving average is $179.29. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $207.98.

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. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. ITT had a net margin of 12.39% and a return on equity of 17.74%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS. ITT has set its Q1 2026 guidance at 1.680-1.72 EPS. As a group, analysts forecast that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 6th will be given a dividend of $0.386 per share. This represents a $1.54 annualized dividend and a yield of 0.8%. This is a boost from ITT’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 6th. ITT’s dividend payout ratio (DPR) is presently 22.91%.

ITT 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.