Sei Investments Co. Has $12.99 Million Position in ITT Inc. (NYSE:ITT)

Sei Investments Co. lifted its stake in ITT Inc. (NYSE:ITT - Free Report) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,904 shares of the conglomerate's stock after purchasing an additional 4,448 shares during the period. Sei Investments Co. owned 0.11% of ITT worth $12,988,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ITT. M&T Bank Corp boosted its stake in ITT by 1.3% during the 3rd quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate's stock worth $797,000 after acquiring an additional 69 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of ITT by 0.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 11,486 shares of the conglomerate's stock worth $1,641,000 after purchasing an additional 81 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of ITT by 10.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the conglomerate's stock valued at $183,000 after buying an additional 116 shares during the period. Tectonic Advisors LLC raised its stake in ITT by 4.2% during the 4th quarter. Tectonic Advisors LLC now owns 3,048 shares of the conglomerate's stock worth $435,000 after buying an additional 123 shares during the period. Finally, CIBC Asset Management Inc raised its stake in ITT by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,534 shares of the conglomerate's stock worth $362,000 after buying an additional 125 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. KeyCorp raised their price target on ITT from $164.00 to $170.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Wolfe Research began coverage on shares of 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. UBS Group upped their target price 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. Finally, Stifel Nicolaus dropped their price target 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 research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $170.29.

ITT Stock Up 0.1 %

NYSE ITT traded up $0.11 during trading hours on Tuesday, hitting $129.27. 375,737 shares of the company traded hands, compared to its average volume of 404,904. 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 $142.19 and its 200-day moving average is $146.08. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 1.89 and a beta of 1.42. ITT Inc. has a twelve month low of $121.01 and a twelve month high of $161.13.

ITT (NYSE:ITT - Get Free Report) last issued its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 6th were given a $0.351 dividend. The ex-dividend date was Thursday, March 6th. This is a positive change from ITT's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.09%. ITT's dividend payout ratio is presently 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.