Albert D Mason Inc. Sells 2,484 Shares of ITT Inc. (NYSE:ITT)

Albert D Mason Inc. cut its holdings in ITT Inc. (NYSE:ITT - Free Report) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,365 shares of the conglomerate's stock after selling 2,484 shares during the period. ITT comprises approximately 1.8% of Albert D Mason Inc.'s investment portfolio, making the stock its 8th biggest holding. Albert D Mason Inc.'s holdings in ITT were worth $2,624,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in ITT during the third quarter valued at approximately $26,000. Resources Management Corp CT ADV acquired a new stake in shares of ITT in the 3rd quarter valued at approximately $30,000. ORG Wealth Partners LLC bought a new position in shares of ITT in the fourth quarter valued at $30,000. UMB Bank n.a. increased its holdings in ITT by 315.8% during the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate's stock worth $35,000 after buying an additional 180 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in ITT during the second quarter worth $36,000. Institutional investors own 91.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup decreased their price objective on shares of ITT from $183.00 to $181.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Stifel Nicolaus lifted their price target on ITT from $171.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. StockNews.com lowered ITT from a "buy" rating to a "hold" rating in a research note on Tuesday. Wolfe Research started coverage on ITT in a research note on Wednesday, December 11th. They set a "peer perform" rating for the company. Finally, KeyCorp increased their price target on ITT from $155.00 to $164.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.50.

ITT Stock Performance

ITT stock traded up $2.11 during trading hours on Friday, hitting $151.24. 456,503 shares of the stock were exchanged, compared to its average volume of 308,397. ITT Inc. has a 12 month low of $117.25 and a 12 month high of $161.13. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $12.33 billion, a P/E ratio of 25.81, a P/E/G ratio of 1.63 and a beta of 1.41. The company has a 50-day simple moving average of $149.46 and a two-hundred day simple moving average of $143.21.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.03. The business had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. ITT's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.37 earnings per share. On average, analysts forecast that ITT Inc. will post 5.84 earnings per share for the current fiscal year.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.319 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, November 29th. ITT's dividend payout ratio is currently 21.84%.

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.