ITT Inc. (NYSE:ITT) Stock Holdings Boosted by Southeast Asset Advisors LLC

Southeast Asset Advisors LLC raised its position in ITT Inc. (NYSE:ITT - Free Report) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,792 shares of the conglomerate's stock after acquiring an additional 4,097 shares during the quarter. ITT makes up about 0.6% of Southeast Asset Advisors LLC's holdings, making the stock its 27th biggest holding. Southeast Asset Advisors LLC's holdings in ITT were worth $4,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ITT. Rialto Wealth Management LLC purchased a new stake in ITT in the fourth quarter valued at $26,000. Resources Management Corp CT ADV purchased a new position in shares of ITT during the third quarter worth about $30,000. ORG Wealth Partners LLC acquired a new stake in ITT during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new position in shares of ITT in the 4th quarter valued at approximately $34,000. Finally, V Square Quantitative Management LLC increased its holdings in shares of ITT by 79.1% in the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock valued at $59,000 after purchasing an additional 182 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. KeyCorp dropped their price objective on shares of ITT from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday. StockNews.com upgraded ITT from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Stifel Nicolaus reduced their price target on ITT from $180.00 to $179.00 and set a "buy" rating for the company in a report on Friday, January 24th. UBS Group upped their price objective on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, Citigroup reduced their target price on ITT from $183.00 to $181.00 and set a "buy" rating for the company in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, ITT presently has an average rating of "Moderate Buy" and an average target price of $167.43.

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ITT Stock Up 2.5 %

ITT stock traded up $3.11 during trading on Friday, reaching $125.40. 928,473 shares of the company's stock were exchanged, compared to its average volume of 426,371. The company's 50-day moving average is $135.84 and its two-hundred day moving average is $144.42. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. ITT Inc. has a 52-week low of $105.64 and a 52-week high of $161.13. The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.89 and a beta of 1.36.

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

ITT Increases Dividend

The company also recently declared 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 an increase 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 1.12%. ITT's payout ratio 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.