Erste Asset Management GmbH Takes Position in ITT Inc. (NYSE:ITT)

Erste Asset Management GmbH acquired a new position in ITT Inc. (NYSE:ITT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 47,228 shares of the conglomerate's stock, valued at approximately $7,075,000. Erste Asset Management GmbH owned about 0.06% of ITT at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors grew its holdings in ITT by 5.7% during the 3rd quarter. Captrust Financial Advisors now owns 12,293 shares of the conglomerate's stock worth $1,838,000 after acquiring an additional 665 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in ITT by 1.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 229,427 shares of the conglomerate's stock worth $34,302,000 after acquiring an additional 3,415 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ITT by 24.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,185 shares of the conglomerate's stock worth $3,616,000 after acquiring an additional 4,683 shares during the period. Townsquare Capital LLC grew its holdings in ITT by 21.1% during the 3rd quarter. Townsquare Capital LLC now owns 2,177 shares of the conglomerate's stock worth $325,000 after acquiring an additional 380 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in ITT during the 3rd quarter worth $57,000. Institutional investors own 91.59% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ITT. The Goldman Sachs Group boosted their price target on shares of ITT from $150.00 to $166.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Robert W. Baird decreased their price target on shares of ITT from $165.00 to $163.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. StockNews.com lowered shares of ITT from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. TD Cowen upped their target price on shares of ITT from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, KeyCorp upped their target price on shares of ITT from $155.00 to $164.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $161.88.

ITT Stock Performance

Shares of NYSE:ITT traded up $0.49 on Monday, reaching $156.61. 64,270 shares of the company's stock were exchanged, compared to its average volume of 382,099. The company has a fifty day moving average of $149.91 and a 200-day moving average of $139.41. ITT Inc. has a twelve month low of $109.36 and a twelve month high of $161.13. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 2.02 and a beta of 1.41. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, beating the consensus estimate 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 net margin of 13.67% and a return on equity of 17.98%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.37 EPS. On average, research analysts predict that ITT Inc. will post 5.84 EPS for the current fiscal year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.319 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, November 29th. ITT's payout ratio is 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.