ITT Inc. (NYSE:ITT) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 62.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,418 shares of the conglomerate's stock after selling 7,241 shares during the quarter. Intech Investment Management LLC's holdings in ITT were worth $661,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of ITT in the 3rd quarter valued at approximately $26,000. Lynx Investment Advisory bought a new stake in ITT in the second quarter worth $27,000. Headlands Technologies LLC bought a new stake in ITT in the second quarter worth $32,000. UMB Bank n.a. increased its position in ITT by 315.8% during the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate's stock valued at $35,000 after acquiring an additional 180 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in ITT during the second quarter valued at $36,000. Institutional investors own 91.59% of the company's stock.

ITT Stock Up 0.5 %

Shares of ITT stock traded up $0.84 on Friday, hitting $156.12. The stock had a trading volume of 138,578 shares, compared to its average volume of 347,362. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. ITT Inc. has a one year low of $107.10 and a one year high of $161.13. The business has a 50 day moving average price of $149.91 and a 200 day moving average price of $139.41. The company has a market cap of $12.73 billion, a PE ratio of 26.64, a P/E/G ratio of 2.02 and a beta of 1.41.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.03. The firm had revenue of $885.20 million during the quarter, compared to analysts' expectations of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. The company's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 EPS. Research analysts anticipate that ITT Inc. will post 5.84 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a $0.319 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, November 29th. ITT's payout ratio is 21.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Robert W. Baird dropped their price target on shares of ITT from $165.00 to $163.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. TD Cowen upped their target price on ITT from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. The Goldman Sachs Group increased their price target on ITT from $150.00 to $166.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Stifel Nicolaus boosted their price objective on ITT from $157.00 to $167.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, KeyCorp increased their target price on ITT from $155.00 to $164.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, ITT has an average rating of "Moderate Buy" and a consensus target price of $161.88.

About ITT

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.