Curi RMB Capital LLC Sells 22,589 Shares of ITT Inc. (NYSE:ITT)

Curi RMB Capital LLC lowered its stake in ITT Inc. (NYSE:ITT - Free Report) by 40.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 33,551 shares of the conglomerate's stock after selling 22,589 shares during the quarter. Curi RMB Capital LLC's holdings in ITT were worth $5,016,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mawer Investment Management Ltd. bought a new position in shares of ITT in the second quarter worth approximately $49,043,000. Select Equity Group L.P. boosted its holdings in ITT by 11.7% in the second quarter. Select Equity Group L.P. now owns 3,340,392 shares of the conglomerate's stock worth $431,512,000 after purchasing an additional 351,206 shares during the last quarter. Millennium Management LLC grew its position in ITT by 200.4% in the 2nd quarter. Millennium Management LLC now owns 393,429 shares of the conglomerate's stock worth $50,823,000 after purchasing an additional 262,470 shares during the period. AQR Capital Management LLC boosted its position in ITT by 115.6% in the second quarter. AQR Capital Management LLC now owns 245,676 shares of the conglomerate's stock worth $31,717,000 after purchasing an additional 131,708 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its position in ITT by 12.5% during the first quarter. Westfield Capital Management Co. LP now owns 723,617 shares of the conglomerate's stock valued at $98,434,000 after buying an additional 80,652 shares during the period. Hedge funds and other institutional investors own 91.59% of the company's stock.

ITT Price Performance

Shares of NYSE:ITT traded up $1.01 during trading on Friday, hitting $152.67. 458,993 shares of the stock were exchanged, compared to its average volume of 385,350. ITT Inc. has a 12-month low of $107.01 and a 12-month high of $155.52. 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 company has a fifty day moving average price of $146.09 and a two-hundred day moving average price of $137.78. The company has a market cap of $12.44 billion, a PE ratio of 26.05, a P/E/G ratio of 1.99 and a beta of 1.41.

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

ITT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.319 per share. The ex-dividend date is Friday, November 29th. This represents a $1.28 annualized dividend and a dividend yield of 0.84%. ITT's dividend payout ratio (DPR) is 21.84%.

Wall Street Analysts Forecast Growth

ITT has been the subject of several research reports. KeyCorp increased their price objective on shares of ITT from $155.00 to $164.00 and gave the company an "overweight" rating in a report on Monday, October 14th. TD Cowen increased their target price on ITT from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on shares of ITT from $150.00 to $166.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Robert W. Baird lowered their target price on ITT from $165.00 to $163.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their price target on ITT from $157.00 to $167.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $157.78.

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.