ITT Inc. (NYSE:ITT) Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH lifted its stake in ITT Inc. (NYSE:ITT - Free Report) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,242 shares of the conglomerate's stock after purchasing an additional 5,014 shares during the period. Erste Asset Management GmbH owned approximately 0.06% of ITT worth $7,466,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC acquired a new stake in shares of ITT in the fourth quarter valued at about $26,000. Resources Management Corp CT ADV purchased a new position in ITT during the 3rd quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new position in ITT during the 4th quarter valued at about $30,000. Whipplewood Advisors LLC purchased a new position in ITT during the 4th quarter valued at about $34,000. Finally, Private Trust Co. NA increased its holdings in ITT by 232.2% during the 3rd quarter. Private Trust Co. NA now owns 299 shares of the conglomerate's stock valued at $45,000 after acquiring an additional 209 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ITT shares. Stifel Nicolaus dropped their target price on shares of ITT from $180.00 to $179.00 and set a "buy" rating for the company in a report on Friday, January 24th. UBS Group raised their target price on shares of ITT from $165.00 to $168.00 and gave the company a "buy" rating in a report on Friday, February 7th. Citigroup dropped their target price on shares of ITT from $183.00 to $181.00 and set a "buy" rating for the company in a report on Monday, January 13th. Wolfe Research began coverage on shares of ITT in a report on Wednesday, December 11th. They set a "peer perform" rating for the company. Finally, KeyCorp lifted their price target on shares of ITT from $164.00 to $170.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $168.38.

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ITT Trading Down 1.8 %

Shares of ITT traded down $2.52 during mid-day trading on Tuesday, hitting $134.40. The company had a trading volume of 453,533 shares, compared to its average volume of 449,739. The business's 50-day simple moving average is $144.16 and its 200-day simple moving average is $145.95. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. ITT Inc. has a 1-year low of $121.01 and a 1-year high of $161.13. The stock has a market cap of $10.94 billion, a PE ratio of 21.33, a P/E/G ratio of 1.89 and a beta of 1.42.

ITT (NYSE:ITT - Get Free Report) last released its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) 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%. Sell-side analysts forecast that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be given a $0.351 dividend. The ex-dividend date is Thursday, March 6th. This is a boost from ITT's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.04%. ITT's dividend payout ratio (DPR) is currently 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.