Segall Bryant & Hamill LLC raised its stake in ITT Inc. (NYSE:ITT - Free Report) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,002 shares of the conglomerate's stock after acquiring an additional 6,517 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.24% of ITT worth $28,433,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of ITT. M&T Bank Corp raised its stake in ITT by 1.3% in the third quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate's stock valued at $797,000 after purchasing an additional 69 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of ITT by 0.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,486 shares of the conglomerate's stock valued at $1,641,000 after buying an additional 81 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of ITT by 10.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the conglomerate's stock worth $183,000 after acquiring an additional 116 shares during the period. Tectonic Advisors LLC boosted its position in shares of ITT by 4.2% during the 4th quarter. Tectonic Advisors LLC now owns 3,048 shares of the conglomerate's stock worth $435,000 after acquiring an additional 123 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in ITT by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,534 shares of the conglomerate's stock valued at $362,000 after acquiring an additional 125 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.
ITT Trading Down 4.1 %
NYSE ITT traded down $5.50 on Friday, reaching $128.56. The company had a trading volume of 690,723 shares, compared to its average volume of 402,616. The business has a 50 day moving average of $142.63 and a two-hundred day moving average of $146.01. ITT Inc. has a fifty-two week low of $121.01 and a fifty-two week high of $161.13. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 1.89 and a beta of 1.42. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96.
ITT (NYSE:ITT - Get Free Report) last announced its earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS 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 forecast that ITT Inc. will post 6.51 EPS for the current year.
ITT Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be paid a $0.351 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.09%. This is an increase from ITT's previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, March 6th. ITT's payout ratio is currently 22.22%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ITT. Wolfe Research assumed coverage on ITT in a report on Wednesday, December 11th. They issued a "peer perform" rating on the stock. Citigroup reduced their price objective on ITT from $183.00 to $181.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. KeyCorp increased their target price 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 raised shares of ITT from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Finally, Stifel Nicolaus decreased their target price on shares of ITT from $180.00 to $179.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, ITT presently has an average rating of "Moderate Buy" and an average target price of $170.29.
Read Our Latest Report on ITT
About ITT
(
Free Report)
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.
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