7,293 Shares in ITT Inc. (NYSE:ITT) Bought by Natixis

Natixis bought a new stake in ITT Inc. (NYSE:ITT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,293 shares of the conglomerate's stock, valued at approximately $1,042,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of ITT by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 517,307 shares of the conglomerate's stock valued at $73,913,000 after acquiring an additional 3,424 shares in the last quarter. Venturi Wealth Management LLC raised its position in ITT by 880.0% in the fourth quarter. Venturi Wealth Management LLC now owns 2,156 shares of the conglomerate's stock valued at $308,000 after purchasing an additional 1,936 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of ITT by 422.7% during the fourth quarter. AlphaQuest LLC now owns 4,208 shares of the conglomerate's stock valued at $601,000 after purchasing an additional 3,403 shares in the last quarter. ING Groep NV bought a new stake in shares of ITT during the fourth quarter worth about $1,214,000. Finally, Intech Investment Management LLC increased its stake in shares of ITT by 218.0% in the fourth quarter. Intech Investment Management LLC now owns 14,051 shares of the conglomerate's stock valued at $2,008,000 after buying an additional 9,633 shares during the period. Institutional investors own 91.59% of the company's stock.

ITT Trading Down 0.3 %

Shares of ITT stock traded down $0.35 on Friday, hitting $137.18. 832,166 shares of the company's stock traded hands, compared to its average volume of 445,527. The company has a fifty day moving average of $132.34 and a two-hundred day moving average of $143.09. ITT Inc. has a one year low of $105.64 and a one year high of $161.13. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96.

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

ITT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were paid a $0.351 dividend. This is an increase from ITT's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Thursday, March 6th. ITT's payout ratio is 22.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com downgraded shares of ITT from a "buy" rating to a "hold" rating in a research report on Friday. KeyCorp cut their price target on shares of ITT from $170.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus decreased their price objective on ITT from $179.00 to $148.00 and set a "buy" rating for the company in a report on Monday, April 14th. Citigroup cut their target price on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, UBS Group increased their price target on ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $158.57.

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.