Fort Washington Investment Advisors Inc. OH Has $19.55 Million Stake in ITT Inc. (NYSE:ITT)

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of ITT Inc. (NYSE:ITT) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,800 shares of the conglomerate’s stock after buying an additional 390 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in ITT were worth $19,546,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of ITT in the third quarter worth approximately $26,000. Resources Management Corp CT ADV acquired a new position in shares of ITT in the 3rd quarter worth approximately $30,000. ORG Wealth Partners LLC acquired a new position in shares of ITT in the 4th quarter worth approximately $30,000. UMB Bank n.a. boosted its stake in shares of ITT by 315.8% in the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 180 shares during the last quarter. Finally, Quent Capital LLC increased its position in shares of ITT by 53.9% during the third quarter. Quent Capital LLC now owns 294 shares of the conglomerate’s stock worth $44,000 after buying an additional 103 shares during the period. Institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

ITT opened at $153.31 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average price is $149.38 and its two-hundred day moving average price is $143.74. ITT Inc. has a 1-year low of $118.58 and a 1-year high of $161.13. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 1.81 and a beta of 1.41.

ITT (NYSE:ITT) last posted its 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 net margin of 13.67% and a return on equity of 17.98%. The company had revenue of $885.20 million during the quarter, compared to the consensus estimate of $884.50 million. During the same period in the previous year, the firm posted $1.37 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts expect that ITT Inc. will post 5.84 EPS for the current fiscal year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a $0.319 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.83%. ITT’s dividend payout ratio is presently 21.84%.

Analyst Upgrades and Downgrades

ITT has been the topic of a number of research analyst reports. TD Cowen upped their price target on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird decreased their target price on ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Wolfe Research initiated coverage on ITT in a research note on Wednesday, December 11th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group raised their price objective on shares of ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Citigroup dropped their target price 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.25.

ITT 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.