Rational Advisors LLC Purchases New Holdings in ITT Inc. (NYSE:ITT)

Rational Advisors LLC acquired a new position in shares of ITT Inc. (NYSE:ITT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,200 shares of the conglomerate's stock, valued at approximately $2,572,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in ITT by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 51,996 shares of the conglomerate's stock valued at $7,513,000 after purchasing an additional 14,857 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of ITT by 108.4% during the third quarter. Harbor Capital Advisors Inc. now owns 46,689 shares of the conglomerate's stock valued at $6,980,000 after buying an additional 24,282 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of ITT by 0.7% in the third quarter. Janney Montgomery Scott LLC now owns 28,891 shares of the conglomerate's stock valued at $4,320,000 after buying an additional 191 shares during the period. Chicago Partners Investment Group LLC grew its position in ITT by 17.3% during the third quarter. Chicago Partners Investment Group LLC now owns 3,844 shares of the conglomerate's stock worth $555,000 after buying an additional 567 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its stake in ITT by 22.9% during the third quarter. First Trust Direct Indexing L.P. now owns 2,350 shares of the conglomerate's stock valued at $351,000 after acquiring an additional 438 shares during the period. Institutional investors own 91.59% of the company's stock.

ITT Price Performance

ITT stock traded up $3.72 during trading on Tuesday, hitting $144.98. 345,651 shares of the stock traded hands, compared to its average volume of 386,024. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 1.86 and a beta of 1.41. ITT Inc. has a one year low of $99.52 and a one year high of $153.99. The company has a 50 day simple moving average of $143.01 and a 200 day simple moving average of $136.45.

ITT (NYSE:ITT - Get Free Report) last announced its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, topping 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 business had revenue of $885.20 million for the quarter, compared to the consensus estimate of $884.50 million. During the same period in the previous year, the business earned $1.37 EPS. ITT's revenue was up 7.7% compared to the same quarter last year. Equities analysts expect that ITT Inc. will post 5.83 EPS for the current fiscal year.

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.319 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.88%. ITT's dividend payout ratio (DPR) is presently 21.84%.

Analyst Ratings Changes

ITT has been the subject of a number of research reports. KeyCorp raised their price objective 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 reduced their target price on ITT from $165.00 to $163.00 and set an "outperform" rating for the company in a research report on Wednesday, October 30th. TD Cowen boosted their price target on shares of ITT from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their price objective on shares of ITT from $150.00 to $166.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, Stifel Nicolaus lifted their target price on shares of ITT from $157.00 to $167.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $157.78.

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.