Boston Partners Boosts Position in ITT Inc. (NYSE:ITT)

Boston Partners boosted its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 930,069 shares of the conglomerate's stock after buying an additional 61,132 shares during the quarter. Boston Partners owned 1.14% of ITT worth $132,915,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ITT. Atria Investments Inc raised its position in ITT by 3.4% during the 3rd quarter. Atria Investments Inc now owns 4,912 shares of the conglomerate's stock worth $734,000 after buying an additional 163 shares during the last quarter. KBC Group NV raised its position in ITT by 11.9% during the 3rd quarter. KBC Group NV now owns 2,015 shares of the conglomerate's stock worth $301,000 after buying an additional 215 shares during the last quarter. CIBC Asset Management Inc raised its position in ITT by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate's stock worth $360,000 after buying an additional 87 shares during the last quarter. Natixis Advisors LLC raised its position in ITT by 3.7% during the 3rd quarter. Natixis Advisors LLC now owns 70,312 shares of the conglomerate's stock worth $10,513,000 after buying an additional 2,486 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in ITT by 30.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 77,957 shares of the conglomerate's stock worth $11,655,000 after buying an additional 18,045 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

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ITT Price Performance

ITT stock traded down $0.29 during trading on Friday, reaching $134.83. The company had a trading volume of 1,219,972 shares, compared to its average volume of 388,126. The firm's 50-day simple moving average is $143.61 and its 200 day simple moving average is $145.84. ITT Inc. has a 1-year low of $121.01 and a 1-year high of $161.13. The firm has a market capitalization of $10.97 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. 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 (NYSE:ITT - Get Free Report) last announced its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. As a group, equities research analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, March 6th. This is a boost from ITT's previous quarterly dividend of $0.32. ITT's payout ratio is 22.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ITT. UBS Group raised their price objective on shares of ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Citigroup dropped their price objective on shares of ITT from $183.00 to $181.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. KeyCorp raised their price objective 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. Stifel Nicolaus dropped their price objective on shares of ITT from $180.00 to $179.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Finally, Wolfe Research began coverage on shares of ITT in a research note on Wednesday, December 11th. They set a "peer perform" rating on the stock. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, ITT currently has an average rating of "Moderate Buy" and an average price target 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.