GW&K Investment Management LLC Has $112.48 Million Stock Position in ITT Inc. (NYSE:ITT)

GW&K Investment Management LLC lessened its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 787,217 shares of the conglomerate's stock after selling 77,799 shares during the period. ITT comprises 1.0% of GW&K Investment Management LLC's holdings, making the stock its 11th largest position. GW&K Investment Management LLC owned approximately 0.97% of ITT worth $112,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Asset Management Inc. bought a new stake in shares of ITT in the third quarter worth $67,503,000. Proficio Capital Partners LLC acquired a new stake in ITT in the 4th quarter valued at $19,345,000. TimesSquare Capital Management LLC lifted its position in ITT by 34.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 198,550 shares of the conglomerate's stock worth $28,369,000 after buying an additional 50,384 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of ITT during the 3rd quarter worth about $7,075,000. Finally, Polar Asset Management Partners Inc. grew its holdings in shares of ITT by 68.9% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 111,000 shares of the conglomerate's stock valued at $16,596,000 after acquiring an additional 45,300 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Price Performance

NYSE:ITT traded down $3.20 during trading hours on Tuesday, reaching $134.21. 623,752 shares of the company were exchanged, compared to its average volume of 407,313. The business has a 50 day moving average of $145.76 and a 200 day moving average of $146.01. ITT Inc. has a 1-year low of $121.01 and a 1-year high of $161.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. The company has a market capitalization of $10.92 billion, a P/E ratio of 21.30, a P/E/G ratio of 1.89 and a beta of 1.41.

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ITT (NYSE:ITT - Get Free Report) last released 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 return on equity of 18.03% and a net margin of 14.27%. Research analysts forecast that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be given a dividend of $0.351 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.05%. This is a boost from ITT's previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 6th. ITT's dividend payout ratio is currently 22.22%.

Analysts Set New Price Targets

Several analysts recently issued reports on ITT shares. Wolfe Research assumed coverage on ITT in a report on Wednesday, December 11th. They set a "peer perform" rating on the stock. UBS Group upped their price objective on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Citigroup cut their price objective on ITT from $183.00 to $181.00 and set a "buy" rating for the company in a report on Monday, January 13th. StockNews.com upgraded shares of ITT from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Finally, KeyCorp increased their price target on shares of ITT from $164.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.