ITT Inc. (NYSE:ITT) Shares Bought by Payden & Rygel

Payden & Rygel lifted its position in ITT Inc. (NYSE:ITT - Free Report) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 154,100 shares of the conglomerate's stock after buying an additional 38,000 shares during the quarter. ITT makes up 1.9% of Payden & Rygel's investment portfolio, making the stock its 11th largest holding. Payden & Rygel owned approximately 0.19% of ITT worth $22,018,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ITT. Rialto Wealth Management LLC purchased a new stake in shares of ITT during the 4th quarter worth approximately $26,000. Resources Management Corp CT ADV purchased a new stake in ITT in the third quarter valued at $30,000. ORG Wealth Partners LLC purchased a new position in shares of ITT during the fourth quarter worth about $30,000. Whipplewood Advisors LLC acquired a new stake in shares of ITT during the fourth quarter worth about $34,000. Finally, V Square Quantitative Management LLC boosted its position in shares of ITT by 79.1% in the 4th 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 research analysts have recently weighed in on ITT shares. Stifel Nicolaus decreased their price objective on ITT from $180.00 to $179.00 and set a "buy" rating for the company in a report on Friday, January 24th. StockNews.com upgraded shares of ITT from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. KeyCorp decreased their target price on shares of ITT from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday. Citigroup dropped their price target on ITT from $183.00 to $181.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, Wolfe Research started coverage on ITT in a research report on Wednesday, December 11th. They set a "peer perform" rating for the company. 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $167.43.

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ITT Price Performance

NYSE:ITT traded down $1.69 during trading hours on Thursday, hitting $123.71. The company's stock had a trading volume of 559,633 shares, compared to its average volume of 419,848. ITT Inc. has a 52-week low of $105.64 and a 52-week high of $161.13. 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 business's 50-day moving average is $136.83 and its two-hundred day moving average is $144.75. The company has a market capitalization of $10.07 billion, a PE ratio of 19.48, a PEG ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT - Get Free Report) last released 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 net margin of 14.27% and a return on equity of 18.03%. As a group, research analysts anticipate that ITT Inc. will post 6.51 EPS for the current fiscal 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 paid a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from ITT's previous quarterly dividend of $0.32. ITT's payout ratio is 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.