Vanguard Group Inc. Buys 3,520 Shares of ITT Inc. (NYSE:ITT)

Vanguard Group Inc. increased its holdings in ITT Inc. (NYSE:ITT - Free Report) by 0.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,352,385 shares of the conglomerate's stock after purchasing an additional 3,520 shares during the quarter. Vanguard Group Inc. owned approximately 10.25% of ITT worth $1,193,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ITT. Rialto Wealth Management LLC purchased a new position in shares of ITT during the fourth quarter valued at approximately $26,000. Resources Management Corp CT ADV bought a new stake in ITT in the third quarter valued at $30,000. ORG Wealth Partners LLC purchased a new position in ITT during the 4th quarter valued at $30,000. Whipplewood Advisors LLC bought a new position in ITT in the 4th quarter worth $34,000. Finally, Private Trust Co. NA lifted its position in shares of ITT by 232.2% in the 3rd quarter. Private Trust Co. NA now owns 299 shares of the conglomerate's stock worth $45,000 after purchasing an additional 209 shares during the period. Hedge funds and other institutional investors own 91.59% of the company's stock.

ITT Stock Up 1.6 %

Shares of NYSE:ITT traded up $2.04 on Tuesday, hitting $131.20. 758,688 shares of the company traded hands, compared to its average volume of 406,446. The stock has a 50 day simple moving average of $141.74 and a 200-day simple moving average of $146.05. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. The company has a market cap of $10.68 billion, a PE ratio of 20.83, a PEG ratio of 1.89 and a beta of 1.42. ITT Inc. has a 52 week low of $121.01 and a 52 week high of $161.13.

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ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, beating 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, research analysts expect that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 6th were given a $0.351 dividend. The ex-dividend date was Thursday, March 6th. This is a boost from ITT's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.07%. ITT's dividend payout ratio is 22.22%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ITT. StockNews.com raised shares of ITT from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. KeyCorp increased their target price on ITT from $164.00 to $170.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. UBS Group lifted their price target on ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Stifel Nicolaus decreased their price objective on ITT from $180.00 to $179.00 and set a "buy" rating for the company in a report on Friday, January 24th. Finally, Wolfe Research assumed coverage on shares of ITT in a report on Wednesday, December 11th. They set a "peer perform" rating on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $170.29.

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.