TimesSquare Capital Management LLC Has $22.15 Million Stock Holdings in ITT Inc. (NYSE:ITT)

TimesSquare Capital Management LLC increased its stake in ITT Inc. (NYSE:ITT - Free Report) by 12.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 148,166 shares of the conglomerate's stock after buying an additional 15,830 shares during the quarter. TimesSquare Capital Management LLC owned about 0.18% of ITT worth $22,152,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ITT. Capital Performance Advisors LLP purchased a new position in ITT in the third quarter valued at about $26,000. Lynx Investment Advisory bought a new position in ITT during the 2nd quarter worth approximately $27,000. Headlands Technologies LLC bought a new position in ITT during the 2nd quarter worth approximately $32,000. UMB Bank n.a. lifted its holdings in ITT by 315.8% during the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate's stock worth $35,000 after buying an additional 180 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in ITT during the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Robert W. Baird reduced their target price on ITT from $165.00 to $163.00 and set an "outperform" rating on the stock in a report on Wednesday, October 30th. TD Cowen raised their price target on ITT from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. KeyCorp raised their price target on ITT from $155.00 to $164.00 and gave the stock an "overweight" rating in a report on Monday, October 14th. The Goldman Sachs Group raised their price target on ITT from $150.00 to $166.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Finally, Stifel Nicolaus raised their price target on ITT from $157.00 to $167.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, ITT presently has a consensus rating of "Buy" and a consensus target price of $157.78.

ITT Stock Performance

ITT traded up $2.32 during trading hours on Monday, hitting $155.37. The company's stock had a trading volume of 217,910 shares, compared to its average volume of 385,382. ITT Inc. has a fifty-two week low of $102.31 and a fifty-two week high of $155.52. The firm has a market capitalization of $12.66 billion, a PE ratio of 26.51, a PEG ratio of 2.02 and a beta of 1.41. The company has a 50-day simple moving average of $144.37 and a 200 day simple moving average of $137.28. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.03. The company had revenue of $885.20 million for the quarter, compared to analysts' expectations of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $1.37 EPS. As a group, sell-side analysts expect that ITT Inc. will post 5.84 EPS for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, November 29th. ITT's dividend payout ratio is presently 21.84%.

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.