ITT Inc. (NYSE:ITT) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 74.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,379 shares of the conglomerate's stock after selling 13,005 shares during the period. Los Angeles Capital Management LLC's holdings in ITT were worth $655,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in ITT during the 3rd quarter valued at about $26,000. Lynx Investment Advisory bought a new stake in shares of ITT during the second quarter valued at approximately $27,000. Headlands Technologies LLC purchased a new stake in shares of ITT in the second quarter valued at approximately $32,000. UMB Bank n.a. grew its stake in ITT by 315.8% in the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate's stock worth $35,000 after purchasing an additional 180 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in ITT during the 2nd quarter worth $36,000. Institutional investors own 91.59% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ITT. KeyCorp increased their price target on ITT from $155.00 to $164.00 and gave the stock an "overweight" rating in a research report on Monday, October 14th. Robert W. Baird cut their target price on shares of ITT from $165.00 to $163.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their price target on shares of ITT from $150.00 to $166.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Stifel Nicolaus increased their price objective on shares of ITT from $157.00 to $167.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, TD Cowen boosted their price objective on shares of ITT from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $161.88.

ITT Stock Up 0.6 %

ITT traded up $0.94 during trading on Friday, hitting $152.60. The stock had a trading volume of 458,994 shares, compared to its average volume of 433,067. The stock has a 50 day simple moving average of $146.09 and a two-hundred day simple moving average of $137.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58. ITT Inc. has a twelve month low of $107.01 and a twelve month high of $155.52. The company has a market capitalization of $12.44 billion, a PE ratio of 26.04, a PEG ratio of 1.98 and a beta of 1.41.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, beating the consensus estimate of $1.43 by $0.03. ITT had a return on equity of 17.98% and a net margin of 13.67%. The firm had revenue of $885.20 million during the quarter, compared to analyst estimates of $884.50 million. During the same quarter in the prior year, the business posted $1.37 EPS. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. On average, research analysts predict that ITT Inc. will post 5.84 earnings per share for the current year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.319 per share. The ex-dividend date is Friday, November 29th. This represents a $1.28 annualized dividend and a dividend yield of 0.84%. ITT's dividend payout ratio (DPR) is currently 21.84%.

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.