ITT Inc. (NYSE:ITT) Shares Bought by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. boosted its stake in ITT Inc. (NYSE:ITT - Free Report) by 63.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 931,240 shares of the conglomerate's stock after acquiring an additional 360,123 shares during the period. T. Rowe Price Investment Management Inc. owned 1.14% of ITT worth $133,056,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new position in ITT in the 4th quarter valued at about $26,000. ORG Wealth Partners LLC acquired a new position in ITT during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC acquired a new position in ITT during the 4th quarter worth approximately $34,000. V Square Quantitative Management LLC increased its position in ITT by 79.1% during the 4th quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock worth $59,000 after purchasing an additional 182 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in ITT by 291.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock worth $59,000 after purchasing an additional 309 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. StockNews.com cut ITT from a "buy" rating to a "hold" rating in a research report on Friday. UBS Group upped their price target on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Citigroup lowered their price target on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 14th. KeyCorp lowered their price target on ITT from $170.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Stifel Nicolaus lowered their price target on ITT from $179.00 to $148.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $158.57.

ITT Trading Down 0.5 %

ITT stock traded down $0.65 during trading on Tuesday, hitting $136.78. The company's stock had a trading volume of 372,099 shares, compared to its average volume of 447,245. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 1.89 and a beta of 1.36. The stock's fifty day moving average is $132.10 and its 200 day moving average is $142.94. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $161.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40.

ITT (NYSE:ITT - Get Free Report) last released 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%. As a group, equities research analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were paid a dividend of $0.351 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from ITT's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.03%. ITT's dividend payout ratio is currently 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.