Williamson Legacy Group LLC lessened its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 19.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,525 shares of the conglomerate's stock after selling 2,373 shares during the period. ITT makes up approximately 0.9% of Williamson Legacy Group LLC's holdings, making the stock its 21st largest position. Williamson Legacy Group LLC's holdings in ITT were worth $1,361,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. acquired a new position in ITT in the 3rd quarter valued at approximately $67,503,000. Proficio Capital Partners LLC bought a new stake in shares of ITT during the fourth quarter valued at approximately $19,345,000. TimesSquare Capital Management LLC increased its position in shares of ITT by 34.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 198,550 shares of the conglomerate's stock valued at $28,369,000 after purchasing an additional 50,384 shares during the period. Erste Asset Management GmbH acquired a new position in shares of ITT in the 3rd quarter valued at $7,075,000. Finally, Polar Asset Management Partners Inc. lifted its stake in ITT by 68.9% during the third quarter. Polar Asset Management Partners Inc. now owns 111,000 shares of the conglomerate's stock worth $16,596,000 after purchasing an additional 45,300 shares during the period. Institutional investors own 91.59% of the company's stock.
ITT Trading Up 3.6 %
Shares of ITT traded up $4.80 on Wednesday, reaching $139.04. 820,574 shares of the company's stock were exchanged, compared to its average volume of 422,099. ITT Inc. has a 12 month low of $121.01 and a 12 month high of $161.13. The stock has a market capitalization of $11.32 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $145.56 and a two-hundred day moving average price of $146.00.
ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current year.
ITT Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be paid a $0.351 dividend. This represents a $1.40 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, March 6th. This is an increase from ITT's previous quarterly dividend of $0.32. ITT's dividend payout ratio is presently 22.22%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ITT. StockNews.com raised ITT from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. UBS Group lifted their price target on shares of ITT from $165.00 to $168.00 and gave the company a "buy" rating in a report on Friday, February 7th. Citigroup reduced their price target on shares of ITT from $183.00 to $181.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Wolfe Research started coverage on ITT in a research report on Wednesday, December 11th. They issued a "peer perform" rating for the company. Finally, KeyCorp raised their price objective on shares of ITT from $164.00 to $170.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $168.38.
View Our Latest Report on ITT
About ITT
(
Free Report)
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.
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