Seeds Investor LLC Makes New Investment in ITT Inc. (NYSE:ITT)

Seeds Investor LLC bought a new position in ITT Inc. (NYSE:ITT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,865 shares of the conglomerate's stock, valued at approximately $409,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in ITT by 55.4% during the 4th quarter. Sterling Capital Management LLC now owns 4,883 shares of the conglomerate's stock valued at $698,000 after acquiring an additional 1,741 shares during the period. Kennedy Capital Management LLC bought a new position in ITT during the fourth quarter valued at approximately $2,619,000. Treasurer of the State of North Carolina boosted its holdings in ITT by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 36,231 shares of the conglomerate's stock worth $5,177,000 after purchasing an additional 230 shares during the last quarter. Bessemer Group Inc. grew its position in ITT by 6.2% in the 4th quarter. Bessemer Group Inc. now owns 8,937 shares of the conglomerate's stock worth $1,277,000 after purchasing an additional 521 shares during the period. Finally, FIL Ltd raised its stake in ITT by 41.0% during the 4th quarter. FIL Ltd now owns 302,188 shares of the conglomerate's stock valued at $43,177,000 after buying an additional 87,874 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ITT shares. KeyCorp dropped their price target on shares of ITT from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Citigroup lowered their price target on shares of ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a report on Monday. StockNews.com upgraded ITT from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Stifel Nicolaus lowered their price objective on ITT from $179.00 to $148.00 and set a "buy" rating on the stock in a research report on Monday. Finally, UBS Group increased their target price on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $158.57.

ITT Price Performance

NYSE ITT traded up $1.15 during trading on Friday, hitting $127.93. 850,017 shares of the stock traded hands, compared to its average volume of 433,999. The company has a market capitalization of $10.36 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $161.13. The firm has a 50-day simple moving average of $134.22 and a 200-day simple moving average of $143.82. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. As a group, analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 6th were issued a $0.351 dividend. This is a boost from ITT's previous quarterly dividend of $0.32. The ex-dividend date was Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.10%. ITT's payout ratio is 22.22%.

About ITT

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.