ExodusPoint Capital Management LP Has $9.88 Million Holdings in ITT Inc. (NYSE:ITT)

ExodusPoint Capital Management LP boosted its stake in ITT Inc. (NYSE:ITT - Free Report) by 1,921.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,170 shares of the conglomerate's stock after purchasing an additional 65,749 shares during the quarter. ExodusPoint Capital Management LP owned about 0.08% of ITT worth $9,883,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

ITT has been the subject of several recent analyst reports. Wolfe Research started coverage on ITT in a report on Wednesday, December 11th. They issued a "peer perform" rating for the company. StockNews.com upgraded shares of ITT from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. KeyCorp lowered their price objective on shares of ITT from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday. Citigroup cut their price target on ITT from $183.00 to $181.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Finally, Stifel Nicolaus cut their target price on ITT from $180.00 to $179.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, ITT currently has a consensus rating of "Moderate Buy" and an average target price of $167.43.

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ITT Stock Performance

ITT traded down $2.81 during trading hours on Thursday, reaching $122.58. The company's stock had a trading volume of 444,189 shares, compared to its average volume of 419,380. The company's 50-day moving average is $136.83 and its 200-day moving average is $144.75. 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 firm has a market cap of $9.98 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $161.13.

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

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were given a dividend of $0.351 per share. This is an increase from ITT's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, March 6th. ITT's payout ratio is currently 22.22%.

ITT Company 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.