ITT Inc. (NYSE:ITT) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,716 shares of the conglomerate's stock after selling 11,200 shares during the period. Retirement Systems of Alabama owned 0.22% of ITT worth $26,106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ITT. Capital Performance Advisors LLP acquired a new position in shares of ITT in the 3rd quarter valued at $26,000. Resources Management Corp CT ADV purchased a new position in ITT during the 3rd quarter worth $30,000. ORG Wealth Partners LLC acquired a new stake in shares of ITT during the fourth quarter worth about $30,000. UMB Bank n.a. grew its holdings in shares of ITT by 315.8% during the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate's stock worth $35,000 after buying an additional 180 shares during the last quarter. Finally, Private Trust Co. NA increased its position in ITT by 232.2% in the 3rd quarter. Private Trust Co. NA now owns 299 shares of the conglomerate's stock valued at $45,000 after acquiring an additional 209 shares during the period. Hedge funds and other institutional investors own 91.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stifel Nicolaus lowered their target price 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 increased their price target on ITT from $164.00 to $170.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Citigroup reduced their target price on shares of ITT from $183.00 to $181.00 and set a "buy" rating for the company in a research note on Monday, January 13th. TD Cowen lifted their target price on shares of ITT from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Wolfe Research started coverage on shares of ITT in a report on Wednesday, December 11th. They set a "peer perform" rating for the company. Two analysts have 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $168.38.

ITT Price Performance

ITT stock traded down $0.32 during trading on Friday, reaching $146.07. 607,201 shares of the company were exchanged, compared to its average volume of 353,160. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.09 and a current ratio of 1.40. The stock's 50 day moving average price is $147.84 and its 200 day moving average price is $144.84. ITT Inc. has a 52-week low of $118.58 and a 52-week high of $161.13. The company has a market cap of $11.91 billion, a P/E ratio of 23.19, a PEG ratio of 1.80 and a beta of 1.41.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS 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, analysts predict that ITT Inc. will post 6.33 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 paid a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, March 6th. This is an increase from ITT's previous quarterly dividend of $0.32. ITT's payout ratio is 20.32%.

ITT Company 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.