Segall Bryant & Hamill LLC Increases Stock Position in ITT Inc. (NYSE:ITT)

Segall Bryant & Hamill LLC increased its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 192,485 shares of the conglomerate's stock after acquiring an additional 6,552 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.24% of ITT worth $28,778,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of ITT in the third quarter valued at about $26,000. Lynx Investment Advisory acquired a new stake in shares of ITT in the second quarter valued at approximately $27,000. UMB Bank n.a. boosted its holdings in 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 purchasing an additional 180 shares during the last quarter. Headlands Technologies LLC bought a new position in ITT in the second quarter valued at $32,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in ITT in the 2nd quarter valued at $36,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on ITT from $157.00 to $167.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Robert W. Baird decreased their target price on shares of ITT from $165.00 to $163.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. TD Cowen upped their price target on shares of ITT from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. KeyCorp lifted their price objective on shares of ITT from $155.00 to $164.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Finally, The Goldman Sachs Group upped their target price on shares of ITT from $150.00 to $166.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $161.88.

ITT Price Performance

NYSE:ITT traded down $1.89 during trading hours on Wednesday, reaching $151.11. 161,702 shares of the company were exchanged, compared to its average volume of 383,891. The company has a market capitalization of $12.32 billion, a P/E ratio of 26.10, a P/E/G ratio of 1.98 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 business has a 50 day moving average of $146.97 and a 200 day moving average of $138.28. ITT Inc. has a 1-year low of $107.01 and a 1-year high of $155.52.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings data 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. ITT had a net margin of 13.67% and a return on equity of 17.98%. The business had revenue of $885.20 million for the quarter, compared to analysts' expectations of $884.50 million. During the same period last year, the firm posted $1.37 earnings per share. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. Research analysts forecast that ITT Inc. will post 5.84 EPS for the current year.

ITT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, November 29th. ITT's payout ratio is presently 21.84%.

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.