New Age Alpha Advisors LLC Buys Shares of 17,954 ITT Inc. (NYSE:ITT)

New Age Alpha Advisors LLC bought a new stake in shares of ITT Inc. (NYSE:ITT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,954 shares of the conglomerate's stock, valued at approximately $2,565,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in ITT by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 517,307 shares of the conglomerate's stock valued at $73,913,000 after purchasing an additional 3,424 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of ITT by 422.7% during the 4th quarter. AlphaQuest LLC now owns 4,208 shares of the conglomerate's stock valued at $601,000 after buying an additional 3,403 shares during the last quarter. Venturi Wealth Management LLC grew 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 buying an additional 1,936 shares in the last quarter. ING Groep NV bought a new stake in shares of ITT in the fourth quarter worth $1,214,000. Finally, Vest Financial LLC raised its holdings in ITT by 63.8% in the fourth quarter. Vest Financial LLC now owns 17,004 shares of the conglomerate's stock valued at $2,430,000 after acquiring an additional 6,626 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ITT. Wolfe Research began coverage on shares of ITT in a research report on Wednesday, December 11th. They issued a "peer perform" rating for the company. StockNews.com raised ITT from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. KeyCorp upped their price objective on ITT from $164.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Stifel Nicolaus decreased their target price on ITT from $180.00 to $179.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Finally, UBS Group upped their price target on ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.29.

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ITT Stock Performance

Shares of ITT stock traded down $12.22 on Thursday, reaching $121.22. 116,973 shares of the company were exchanged, compared to its average volume of 404,865. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.89 and a beta of 1.42. ITT Inc. has a 1-year low of $121.00 and a 1-year high of $161.13. 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 company's 50-day moving average is $141.34 and its two-hundred day moving average is $145.97.

ITT (NYSE:ITT - Get Free Report) last issued its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share 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%. As a group, research analysts expect that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were paid a dividend of $0.351 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.16%. This is a positive change from ITT's previous quarterly dividend of $0.32. The ex-dividend date was Thursday, March 6th. ITT's 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.