New York State Common Retirement Fund Has $6.72 Million Stake in ITT Inc. (NYSE:ITT)

New York State Common Retirement Fund decreased its stake in ITT Inc. (NYSE:ITT - Free Report) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,003 shares of the conglomerate's stock after selling 4,000 shares during the quarter. New York State Common Retirement Fund owned 0.06% of ITT worth $6,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ITT. Venturi Wealth Management LLC boosted its position in shares of ITT by 880.0% during the fourth quarter. Venturi Wealth Management LLC now owns 2,156 shares of the conglomerate's stock worth $308,000 after purchasing an additional 1,936 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of ITT by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,534 shares of the conglomerate's stock worth $362,000 after purchasing an additional 125 shares during the period. Everhart Financial Group Inc. lifted its holdings in shares of ITT by 8.0% during the 4th quarter. Everhart Financial Group Inc. now owns 8,302 shares of the conglomerate's stock valued at $1,186,000 after purchasing an additional 617 shares in the last quarter. Rhumbline Advisers grew its position in shares of ITT by 0.6% in the 4th quarter. Rhumbline Advisers now owns 221,315 shares of the conglomerate's stock valued at $31,621,000 after purchasing an additional 1,222 shares during the period. Finally, V Square Quantitative Management LLC increased 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 purchasing an additional 182 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

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ITT Stock Up 0.3 %

Shares of ITT stock traded up $0.41 on Friday, reaching $141.06. 639,016 shares of the company were exchanged, compared to its average volume of 400,898. The company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.89 and a beta of 1.41. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. ITT Inc. has a one year low of $121.01 and a one year high of $161.13. The company has a 50-day moving average of $145.87 and a 200 day moving average of $145.92.

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

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be paid a $0.351 dividend. This is a positive change from ITT's previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 6th. This represents a $1.40 annualized dividend and a yield of 1.00%. ITT's dividend payout ratio is currently 22.22%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ITT. Wolfe Research began coverage on shares of ITT in a report on Wednesday, December 11th. They issued a "peer perform" rating for the company. KeyCorp boosted their price target on ITT from $164.00 to $170.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. StockNews.com upgraded ITT from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Citigroup cut their target price on ITT from $183.00 to $181.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Finally, UBS Group raised their price target 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $168.38.

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.