Paradice Investment Management LLC Decreases Holdings in ITT Inc. (NYSE:ITT)

Paradice Investment Management LLC lowered its position in ITT Inc. (NYSE:ITT - Free Report) by 28.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 175,705 shares of the conglomerate's stock after selling 69,445 shares during the period. ITT accounts for about 5.0% of Paradice Investment Management LLC's investment portfolio, making the stock its 8th largest holding. Paradice Investment Management LLC owned about 0.22% of ITT worth $25,105,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of ITT by 1.1% in the 3rd quarter. State Street Corp now owns 2,437,674 shares of the conglomerate's stock worth $364,457,000 after acquiring an additional 26,133 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of ITT by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,369,021 shares of the conglomerate's stock worth $204,736,000 after buying an additional 8,223 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of ITT by 4.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 669,519 shares of the conglomerate's stock worth $100,100,000 after buying an additional 27,885 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of ITT in the 3rd quarter worth approximately $67,503,000. Finally, Loomis Sayles & Co. L P grew its stake in shares of ITT by 1.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 381,580 shares of the conglomerate's stock worth $57,050,000 after buying an additional 4,271 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on ITT. StockNews.com upgraded ITT from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Stifel Nicolaus cut 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. KeyCorp upped their price target on ITT from $164.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. TD Cowen upped their price target on ITT from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, UBS Group upped their price target on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $168.38.

ITT Stock Down 4.1 %

ITT traded down $6.04 during trading on Friday, hitting $141.85. 572,938 shares of the company's stock traded hands, compared to its average volume of 385,233. The company's 50 day simple moving average is $146.34 and its two-hundred day simple moving average is $145.48. 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 12-month low of $121.01 and a 12-month high of $161.13. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.91 and a beta of 1.41.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share 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%. Analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.99%. This is a boost from ITT's previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, March 6th. ITT's dividend payout ratio is presently 20.32%.

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.