ITT Inc. (NYSE:ITT) Holdings Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in ITT Inc. (NYSE:ITT - Free Report) by 17.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,868 shares of the conglomerate's stock after acquiring an additional 2,999 shares during the period. Pacer Advisors Inc.'s holdings in ITT were worth $2,839,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Algert Global LLC acquired a new position in ITT during the 2nd quarter worth approximately $1,158,000. Eagle Asset Management Inc. acquired a new position in ITT during the 3rd quarter worth approximately $67,503,000. Allspring Global Investments Holdings LLC increased its position in ITT by 46.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 95,398 shares of the conglomerate's stock worth $14,263,000 after purchasing an additional 30,320 shares during the period. International Assets Investment Management LLC increased its position in ITT by 16,832.5% during the 3rd quarter. International Assets Investment Management LLC now owns 14,054 shares of the conglomerate's stock worth $2,101,000 after purchasing an additional 13,971 shares during the period. Finally, Pier 88 Investment Partners LLC increased its position in ITT by 268.1% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 27,830 shares of the conglomerate's stock worth $4,161,000 after purchasing an additional 20,270 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Stock Down 0.6 %

NYSE ITT traded down $0.97 during trading hours on Friday, hitting $150.91. The company had a trading volume of 297,343 shares, compared to its average volume of 306,894. ITT Inc. has a fifty-two week low of $118.58 and a fifty-two week high of $161.13. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 1.77 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. The firm's 50 day moving average is $148.78 and its 200 day moving average is $144.55.

ITT (NYSE:ITT - Get Free Report) last announced its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.03. The company had revenue of $885.20 million during the quarter, compared to the consensus estimate of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. The company's revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $1.37 earnings per share. Sell-side analysts anticipate that ITT Inc. will post 5.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on ITT. Stifel Nicolaus decreased their price target on ITT from $180.00 to $179.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Wolfe Research assumed coverage on ITT in a research note on Wednesday, December 11th. They set a "peer perform" rating on the stock. Citigroup reduced 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. TD Cowen upped their target price on ITT from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, KeyCorp upped their target price on ITT from $164.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $167.13.

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.