Dimensional Fund Advisors LP Lowers Position in ITT Inc. (NYSE:ITT)

Dimensional Fund Advisors LP decreased its stake in ITT Inc. (NYSE:ITT - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 858,449 shares of the conglomerate's stock after selling 45,557 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.05% of ITT worth $122,654,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in ITT in the 4th quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new position in shares of ITT in the fourth quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new stake in shares of ITT in the fourth quarter worth $34,000. V Square Quantitative Management LLC increased its stake in shares of ITT by 79.1% in the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock worth $59,000 after purchasing an additional 182 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of ITT by 291.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock valued at $59,000 after purchasing an additional 309 shares during the period. Institutional investors own 91.59% of the company's stock.

ITT Stock Performance

NYSE:ITT opened at $137.18 on Friday. The company has a market cap of $11.11 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 1.89 and a beta of 1.36. ITT Inc. has a 1 year low of $105.64 and a 1 year high of $161.13. The stock's 50 day simple moving average is $132.34 and its two-hundred day simple moving average is $143.09. 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 announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. As a group, equities analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ITT. KeyCorp cut their price target on ITT from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus cut their target price on ITT from $179.00 to $148.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group lifted their target price on ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, February 7th. StockNews.com downgraded ITT from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Citigroup lowered their target price on shares of ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, ITT currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.57.

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.

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