ITT Inc. (NYSE:ITT) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its position in ITT Inc. (NYSE:ITT - Free Report) by 12.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,200 shares of the conglomerate's stock after buying an additional 2,200 shares during the quarter. Canada Pension Plan Investment Board's holdings in ITT were worth $2,886,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Jump Financial LLC raised its holdings in ITT by 92.0% during the fourth quarter. Jump Financial LLC now owns 6,979 shares of the conglomerate's stock worth $997,000 after purchasing an additional 3,345 shares in the last quarter. Mariner LLC grew its holdings in ITT by 8.6% during the fourth quarter. Mariner LLC now owns 15,386 shares of the conglomerate's stock worth $2,198,000 after acquiring an additional 1,221 shares during the period. Barclays PLC raised its position in ITT by 114.0% in the fourth quarter. Barclays PLC now owns 134,206 shares of the conglomerate's stock worth $19,176,000 after acquiring an additional 71,503 shares in the last quarter. Synovus Financial Corp boosted its position in shares of ITT by 1.4% during the 4th quarter. Synovus Financial Corp now owns 10,140 shares of the conglomerate's stock worth $1,449,000 after purchasing an additional 137 shares in the last quarter. Finally, Seeds Investor LLC acquired a new position in shares of ITT during the 4th quarter worth $409,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ITT has been the subject of a number of research analyst reports. StockNews.com raised shares of ITT from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. UBS Group raised their price objective on ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Citigroup decreased their target price on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. 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. Finally, Stifel Nicolaus lowered their price objective on shares of ITT from $179.00 to $148.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, ITT has a consensus rating of "Moderate Buy" and an average price target of $158.57.

ITT Trading Up 3.4 %

ITT stock opened at $129.71 on Wednesday. The stock has a market cap of $10.50 billion, a PE ratio of 20.59, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $133.10 and a 200 day moving average price of $143.38. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $161.13.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. Equities research analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 6th were issued a dividend of $0.351 per share. This is a boost 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 annualized dividend and a dividend yield of 1.08%. ITT's dividend payout ratio (DPR) is 22.22%.

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.

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