Capital International Sarl Raises Stock Holdings in ITT Inc. (NYSE:ITT)

Capital International Sarl lifted its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,731 shares of the conglomerate's stock after buying an additional 3,080 shares during the quarter. Capital International Sarl owned about 0.07% of ITT worth $7,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC bought a new position in ITT in the fourth quarter valued at about $26,000. ORG Wealth Partners LLC bought a new stake in ITT in the 4th quarter valued at $30,000. Whipplewood Advisors LLC purchased a new stake in shares of ITT in the fourth quarter worth about $34,000. V Square Quantitative Management LLC boosted its position in shares of ITT by 79.1% during the 4th quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock valued at $59,000 after acquiring an additional 182 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of ITT by 291.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock worth $59,000 after buying an additional 309 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

ITT Price Performance

ITT stock traded up $5.78 during trading on Thursday, reaching $138.05. The company had a trading volume of 365,527 shares, compared to its average volume of 556,527. The firm has a market capitalization of $11.18 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The firm's 50-day simple moving average is $132.79 and its 200 day simple moving average is $143.30. 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 1-year low of $105.64 and a 1-year high of $161.13.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, topping analysts' consensus estimates 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, equities research analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current fiscal 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 given a $0.351 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.02%. This is a positive change from ITT's previous quarterly dividend of $0.32. ITT's dividend payout ratio (DPR) is currently 22.22%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of ITT from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. UBS Group lifted their price objective on shares of ITT from $165.00 to $168.00 and gave the company a "buy" rating in a report on Friday, February 7th. KeyCorp cut their price objective on shares of ITT from $170.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus decreased their price target on ITT from $179.00 to $148.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Citigroup cut their price target on shares of ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $158.57.

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.