ITT Inc. (NYSE:ITT) Stock Position Raised by Jump Financial LLC

Jump Financial LLC lifted its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 92.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,979 shares of the conglomerate's stock after acquiring an additional 3,345 shares during the period. Jump Financial LLC's holdings in ITT were worth $997,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new stake in ITT in the fourth quarter valued at approximately $26,000. ORG Wealth Partners LLC acquired a new stake in shares of ITT in the 4th quarter worth $30,000. Whipplewood Advisors LLC purchased a new stake in shares of ITT in the fourth quarter valued at about $34,000. V Square Quantitative Management LLC lifted its position in ITT by 79.1% in the fourth 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. Finally, Smartleaf Asset Management LLC increased its position in ITT by 291.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock worth $59,000 after purchasing an additional 309 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ITT shares. Stifel Nicolaus decreased their price target on ITT from $179.00 to $148.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. UBS Group lifted their price objective on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. StockNews.com raised ITT from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. KeyCorp reduced their price objective on shares of ITT from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Citigroup dropped their price objective on shares of ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $158.57.

ITT Stock Down 0.3 %

ITT stock traded down $0.35 during midday trading on Friday, hitting $137.18. The stock had a trading volume of 558,681 shares, compared to its average volume of 443,864. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average price of $132.59 and a 200 day moving average price of $143.22. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $161.13. The stock has a market cap of $11.11 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT - Get Free Report) last posted its earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, beating 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 predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were given a $0.351 dividend. The ex-dividend date was Thursday, March 6th. This is a boost from ITT's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.02%. ITT's payout ratio is 22.22%.

ITT Company 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.