R Squared Ltd Invests $309,000 in ITT Inc. (NYSE:ITT)

R Squared Ltd bought a new stake in shares of ITT Inc. (NYSE:ITT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,160 shares of the conglomerate's stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. M&T Bank Corp increased its holdings in shares of ITT by 1.3% during the third quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate's stock valued at $797,000 after acquiring an additional 69 shares in the last quarter. CIBC Asset Management Inc increased its stake in ITT by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate's stock valued at $360,000 after purchasing an additional 87 shares in the last quarter. Round Rock Advisors LLC increased its stake in ITT by 0.4% during the 3rd quarter. Round Rock Advisors LLC now owns 20,319 shares of the conglomerate's stock valued at $3,038,000 after purchasing an additional 90 shares in the last quarter. Tectonic Advisors LLC raised its holdings in shares of ITT by 3.3% in the third quarter. Tectonic Advisors LLC now owns 2,925 shares of the conglomerate's stock worth $437,000 after buying an additional 93 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in shares of ITT by 53.9% during the third quarter. Quent Capital LLC now owns 294 shares of the conglomerate's stock worth $44,000 after buying an additional 103 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on ITT shares. Citigroup lowered their price target on ITT from $183.00 to $181.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Robert W. Baird decreased their target price on ITT from $165.00 to $163.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. KeyCorp increased their price target on shares of ITT from $164.00 to $170.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. StockNews.com upgraded shares of ITT from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Stifel Nicolaus dropped their price objective on shares of ITT from $180.00 to $179.00 and set a "buy" rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $167.13.

ITT Price Performance

NYSE ITT traded down $0.97 during trading hours on Friday, reaching $150.91. The company's stock had a trading volume of 297,343 shares, compared to its average volume of 306,894. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. ITT Inc. has a 1-year low of $118.58 and a 1-year high of $161.13. The company's 50-day moving average is $148.78 and its two-hundred day moving average is $144.56. The firm 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.

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

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.