ITT Inc. (NYSE:ITT) Shares Sold by Versor Investments LP

Versor Investments LP lessened its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 52.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,208 shares of the conglomerate's stock after selling 3,575 shares during the period. Versor Investments LP's holdings in ITT were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vident Advisory LLC lifted its stake in shares of ITT by 603.0% in the 1st quarter. Vident Advisory LLC now owns 34,072 shares of the conglomerate's stock valued at $4,635,000 after purchasing an additional 29,225 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of ITT by 19.5% during the 1st quarter. Russell Investments Group Ltd. now owns 54,785 shares of the conglomerate's stock worth $7,452,000 after acquiring an additional 8,956 shares in the last quarter. Algert Global LLC acquired a new stake in shares of ITT during the 2nd quarter valued at about $1,158,000. Harbor Capital Advisors Inc. increased its stake in shares of ITT by 242.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 22,407 shares of the conglomerate's stock valued at $2,895,000 after purchasing an additional 15,866 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in ITT in the 1st quarter worth about $1,388,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on ITT. KeyCorp upped their target price on ITT from $155.00 to $164.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Stifel Nicolaus increased their price objective on shares of ITT from $157.00 to $167.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. TD Cowen boosted their target price 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. Robert W. Baird decreased their price target on shares of ITT from $165.00 to $163.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price objective on ITT from $150.00 to $166.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $157.78.

ITT Price Performance

Shares of NYSE:ITT traded up $0.94 during midday trading on Friday, hitting $152.60. The company had a trading volume of 458,993 shares, compared to its average volume of 384,503. The business's 50-day simple moving average is $145.62 and its 200-day simple moving average is $137.64. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 1.99 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. ITT Inc. has a twelve month low of $107.01 and a twelve month high of $155.52.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, topping the consensus estimate of $1.43 by $0.03. ITT had a return on equity of 17.98% and a net margin of 13.67%. The business had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. During the same quarter in the previous year, the firm earned $1.37 EPS. The company's quarterly revenue was up 7.7% compared to the same quarter last year. On average, research analysts predict that ITT Inc. will post 5.84 earnings per share for the current year.

ITT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.319 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.28 annualized dividend and a dividend yield of 0.84%. ITT's dividend payout ratio (DPR) is 21.84%.

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.