SG Americas Securities LLC Sells 1,827 Shares of ITT Inc. (NYSE:ITT)

SG Americas Securities LLC trimmed its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 71.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 713 shares of the conglomerate's stock after selling 1,827 shares during the period. SG Americas Securities LLC's holdings in ITT were worth $102,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in ITT during the third quarter valued at $26,000. Resources Management Corp CT ADV purchased a new position in ITT during the third quarter valued at $30,000. ORG Wealth Partners LLC purchased a new position in ITT during the fourth quarter valued at $30,000. UMB Bank n.a. grew its stake in ITT by 315.8% during the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate's stock valued at $35,000 after acquiring an additional 180 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in ITT by 232.2% during the third quarter. Private Trust Co. NA now owns 299 shares of the conglomerate's stock valued at $45,000 after acquiring an additional 209 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ITT has been the subject of several research analyst reports. KeyCorp raised their target price on shares of ITT from $164.00 to $170.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. UBS Group lifted their price objective on shares of ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. TD Cowen lifted their price objective on shares of ITT from $150.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Wolfe Research began coverage on shares of ITT in a research note on Wednesday, December 11th. They issued a "peer perform" rating for the company. Finally, Robert W. Baird dropped their price objective 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. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, ITT presently has an average rating of "Moderate Buy" and a consensus target price of $168.38.

ITT Trading Down 0.2 %

Shares of ITT stock traded down $0.37 during trading hours on Friday, reaching $147.58. 331,974 shares of the stock were exchanged, compared to its average volume of 353,160. ITT Inc. has a 12-month low of $121.01 and a 12-month high of $161.13. The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.08. The company's 50-day moving average price is $146.88 and its 200-day moving average price is $145.12. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, topping 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, equities analysts anticipate that ITT Inc. will post 6.33 earnings per share for the current year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be issued a dividend of $0.351 per share. This is a positive change from ITT's previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a yield of 0.95%. ITT's dividend payout ratio (DPR) is presently 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.