ITT Inc. (NYSE:ITT) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC increased its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,958 shares of the conglomerate's stock after purchasing an additional 3,720 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of ITT worth $6,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its holdings in shares of ITT by 6.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,951 shares of the conglomerate's stock valued at $626,000 after buying an additional 225 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in ITT in the third quarter valued at $64,000. Tidal Investments LLC boosted its stake in ITT by 12.4% in the third quarter. Tidal Investments LLC now owns 6,487 shares of the conglomerate's stock valued at $970,000 after acquiring an additional 716 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of ITT by 17.7% during the fourth quarter. GAMMA Investing LLC now owns 1,533 shares of the conglomerate's stock worth $219,000 after purchasing an additional 230 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of ITT during the fourth quarter worth about $281,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ITT has been the topic of a number of research reports. Citigroup dropped their price target on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. StockNews.com upgraded shares of ITT from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. KeyCorp reduced their price target on shares of ITT from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. 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 report on Monday, April 14th. Finally, UBS Group upped 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, ITT currently has an average rating of "Moderate Buy" and an average price target of $158.57.

ITT Trading Up 3.4 %

Shares of ITT opened at $129.71 on Wednesday. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $161.13. The stock has a fifty day moving average of $133.10 and a two-hundred day moving average of $143.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The company has a market capitalization of $10.50 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36.

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 the consensus estimate of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. As a group, analysts forecast that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were paid a dividend of $0.351 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.08%. This is an increase from ITT's previous quarterly dividend of $0.32. 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.

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