Intech Investment Management LLC Buys 9,633 Shares of ITT Inc. (NYSE:ITT)

Intech Investment Management LLC lifted its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 218.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,051 shares of the conglomerate's stock after purchasing an additional 9,633 shares during the period. Intech Investment Management LLC's holdings in ITT were worth $2,008,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ITT. Natixis Advisors LLC grew its stake in shares of ITT by 1.7% during the fourth quarter. Natixis Advisors LLC now owns 71,488 shares of the conglomerate's stock valued at $10,214,000 after buying an additional 1,176 shares during the last quarter. Erste Asset Management GmbH grew its position in ITT by 10.6% during the 4th quarter. Erste Asset Management GmbH now owns 52,242 shares of the conglomerate's stock worth $7,466,000 after acquiring an additional 5,014 shares during the last quarter. Vestcor Inc purchased a new position in ITT in the 4th quarter worth approximately $675,000. EverSource Wealth Advisors LLC lifted its position in ITT by 10.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the conglomerate's stock valued at $183,000 after purchasing an additional 116 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of ITT by 5.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 27,066 shares of the conglomerate's stock valued at $3,867,000 after purchasing an additional 1,462 shares during the period. Hedge funds and other institutional investors own 91.59% of the company's stock.

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ITT Stock Down 0.3 %

ITT stock traded down $0.45 during mid-day trading on Tuesday, reaching $139.42. The stock had a trading volume of 334,752 shares, compared to its average volume of 387,740. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.89 and a beta of 1.42. 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 Inc. has a one year low of $121.01 and a one year high of $161.13. The company has a 50-day moving average price of $143.62 and a two-hundred day moving average price of $145.99.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS 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%. On average, analysts expect that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be paid a $0.351 dividend. The ex-dividend date is Thursday, March 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.01%. This is a boost from ITT's previous quarterly dividend of $0.32. ITT's payout ratio is currently 22.22%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ITT. KeyCorp lifted their target price on shares of ITT from $164.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Wolfe Research initiated coverage on shares of ITT in a research report on Wednesday, December 11th. They issued a "peer perform" rating on the stock. UBS Group increased their target price on shares of ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, February 7th. StockNews.com upgraded ITT from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Finally, Citigroup lowered their price target on ITT from $183.00 to $181.00 and set a "buy" rating for the company in a research report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $168.38.

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.