UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                                 (Rule 13d-102)

             Information Statement Pursuant to Rules 13d-1 and 13d-2
                    Under the Securities Exchange Act of 1934


                              ITT Industries, Inc.
         ---------------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
        ----------------------------------------------------------------
                         (Title of Class of Securities)


                                    45091110
                          -----------------------------
                                 (CUSIP Number)


*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).



                                Page 1 of 4 Pages







CUSIP No. 45091110                       13G      Page 2 of 4 Pages



1.   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Barrow, Hanley, Mewhinney & Strauss, Inc.
           75-2403190

                                                            (a)            [  ]
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                               
                                                            (b)            [  ]



                                                                               
3.   SEC USE ONLY

4.   CITIZENSHIP OR PLACE OF ORGANIZATION

           A Nevada corporation
                    5.   SOLE VOTING POWER
NUMBER OF                     627,459 shares
SHARES
BENEFICIALLY        6.   SHARED VOTING POWER
OWNED BY                      5,830,400 shares
EACH
REPORTING           7.   SOLE DISPOSITIVE POWER
PERSON                        6,457,859 shares
WITH
                    8.   SHARED DISPOSITIVE POWER
                              ----         
                   
                                       
                   
                                       
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                6,457,859 shares

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES                 [  ]
     CERTAIN SHARES*

            
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                5.5%

12.  TYPE OF REPORTING PERSON*
                IA


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                                Page 2 of 4 Pages






                                  SCHEDULE 13G
                                  ------------

   Item 1(a)   Name of Issuer:
                       ITT Industries, Inc.

        1(b)   Address of Issuer's Principal Executive Offices:
                       4 West Red Oak Lane
                       White Plains, NY  10604

   Item 2(a)   Name of Person Filing:
                       Barrow, Hanley, Mewhinney & Strauss, Inc.

        2(b)   Address of Principal Business Office or, if none, Residence:
                       One McKinney Plaza
                       3232 McKinney Avenue, 15th Floor
                       Dallas, TX  75204-2429

        2(c)   Citizenship:
                       A Nevada corporation

        2(d)   Title of Class of Securities:
                       Common Stock

        2(e)   CUSIP Number:
                       45091110

   Item 3      If this statement is filed pursuant to Rules 13d-1(b), or 
               13d-2(b):The reporting person is an Investment  Adviser 
               registered under Section 203 of the Investment Advisers Act of 
               1940.

   Item 4      Ownership:

        4(a)   Amount beneficially owned:
                       6,457,859 shares

        4(b)   Percent of Class:
                       5.5%

        4(c)   Number of shares as to which such person has:

               (i)  sole power to vote or to direct the vote:
                                627,459 shares



                                Page 3 of 4 Pages




               (ii) shared power to vote or to direct the vote:
                                5,830,400 shares

               (iii) sole power to dispose or to direct the disposition of:
                                6,457,859 shares

               (iv) shared power to dispose or to direct the disposition of:
                                         --

   Item 5      Ownership of Five Percent or Less of a Class:
                       Not Applicable.

   Item 6      Ownership of More than Five Percent on Behalf of Another Person:
                       The right to receive  or the power to direct the  receipt
                       of dividends  from, or the proceeds from the sale of, the
                       common stock is held by certain  clients of the reporting
                       person,  none of  which  has such  right  or  power  with
                       respect to five percent or more of the common stock.

   Item 7      Identification  and  Classification  of the  Subsidiary  which
               Acquired the  Security  Being  Reported on by the Parent  Holding
               Company:
                       Not Applicable.

   Item 8      Identification and Classification of Members of the Group:
                       Not Applicable.

   Item 9      Notice of Dissolution of Group:
                       Not Applicable.

   Item 10     Certification:

               By signing below the  undersigned  certifies that, to the best of
               its knowledge and belief,  the securities  referred to above were
               acquired in the ordinary course of business and were not acquired
               for the  purpose  of and do not have the  effect of  changing  or
               influencing the control of the issuer of such securities and were
               not  acquired  in  connection  with  or as a  participant  in any
               transaction having such purpose or effect.

After  reasonable  inquiry  and to the best of its  knowledge  and  belief,  the
undersigned  certifies that the information set forth in this statement is true,
complete and correct.

                                       BARROW, HANLEY, MEWHINNEY &
                                       STRAUSS, INC.


                                       By:/s/ Bryant M. Hanley, Jr.
                                          -------------------------   
                                          Name:  Bryant M. Hanley, Jr.
                                          Title: President


February 13, 1997

                                Page 4 of 4 Pages