Capital Group Private Client Services Inc. Sells 7,849 Shares of ITT Inc. (NYSE:ITT)

Capital Group Private Client Services Inc. trimmed its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 217,656 shares of the conglomerate's stock after selling 7,849 shares during the period. Capital Group Private Client Services Inc. owned approximately 0.27% of ITT worth $31,099,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new stake in ITT during the fourth quarter valued at $26,000. ORG Wealth Partners LLC bought a new stake in ITT during the 4th quarter valued at approximately $30,000. Whipplewood Advisors LLC acquired a new position in ITT during the 4th quarter valued at $34,000. V Square Quantitative Management LLC lifted its position in shares of ITT by 79.1% in the 4th quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock worth $59,000 after acquiring an additional 182 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in ITT by 291.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock valued at $59,000 after acquiring an additional 309 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

Analysts Set New Price Targets

ITT has been the subject of several recent analyst reports. Citigroup dropped their price objective on ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 14th. StockNews.com raised shares of ITT from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. KeyCorp decreased their price objective on shares of ITT from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Stifel Nicolaus reduced their target price on ITT from $179.00 to $148.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, UBS Group lifted their price objective on ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, ITT presently has an average rating of "Moderate Buy" and an average price target of $158.57.

ITT Trading Up 3.5 %

Shares of ITT stock traded up $4.53 during trading hours on Wednesday, reaching $134.15. The company had a trading volume of 416,686 shares, compared to its average volume of 438,173. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $161.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a 50 day moving average of $133.10 and a 200 day moving average of $143.38.

ITT (NYSE:ITT - Get Free Report) last released its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. On average, equities research analysts anticipate that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were paid a $0.351 dividend. This represents a $1.40 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, March 6th. This is an increase from ITT's previous quarterly dividend of $0.32. ITT's dividend payout ratio is presently 22.22%.

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.