135,390 Shares in ITT Inc. (NYSE:ITT) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in ITT Inc. (NYSE:ITT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 135,390 shares of the conglomerate's stock, valued at approximately $19,345,000. Proficio Capital Partners LLC owned approximately 0.17% of ITT as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. State Street Corp increased its stake in ITT by 1.1% in the third quarter. State Street Corp now owns 2,437,674 shares of the conglomerate's stock valued at $364,457,000 after purchasing an additional 26,133 shares in the last quarter. Geode Capital Management LLC increased its stake in ITT by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,369,021 shares of the conglomerate's stock valued at $204,736,000 after purchasing an additional 8,223 shares in the last quarter. Bank of New York Mellon Corp increased its stake in ITT by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 761,599 shares of the conglomerate's stock valued at $108,817,000 after purchasing an additional 3,727 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in ITT by 4.3% in the third quarter. Westfield Capital Management Co. LP now owns 669,519 shares of the conglomerate's stock valued at $100,100,000 after purchasing an additional 27,885 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in ITT in the third quarter valued at approximately $67,503,000. Institutional investors own 91.59% of the company's stock.

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ITT Stock Performance

Shares of ITT traded up $4.80 during trading hours on Wednesday, hitting $139.04. The company had a trading volume of 820,574 shares, compared to its average volume of 422,099. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 1.89 and a beta of 1.42. The business has a fifty day moving average of $145.56 and a 200-day moving average of $146.00. ITT Inc. has a 12 month low of $121.01 and a 12 month high of $161.13. 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 (NYSE:ITT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, topping 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%. Equities analysts anticipate that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on ITT shares. Stifel Nicolaus reduced their price target on shares of ITT from $180.00 to $179.00 and set a "buy" rating for the company in a report on Friday, January 24th. StockNews.com upgraded shares of ITT from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. UBS Group upped their price target on shares of ITT from $165.00 to $168.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wolfe Research started coverage on shares of ITT in a report on Wednesday, December 11th. They issued a "peer perform" rating for the company. Finally, Citigroup reduced their price target on shares of ITT from $183.00 to $181.00 and set a "buy" rating for the company in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $168.38.

ITT Company 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.