Albert D Mason Inc. Has $2.62 Million Stock Holdings in ITT Inc. (NYSE:ITT)

Albert D Mason Inc. trimmed its position in ITT Inc. (NYSE:ITT) by 11.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,365 shares of the conglomerate’s stock after selling 2,484 shares during the quarter. ITT comprises approximately 1.8% of Albert D Mason Inc.’s holdings, making the stock its 8th biggest position. Albert D Mason Inc.’s holdings in ITT were worth $2,624,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ITT. M&T Bank Corp raised its position in shares of ITT by 1.3% during the 3rd quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate’s stock valued at $797,000 after purchasing an additional 69 shares during the period. CIBC Asset Management Inc increased its stake in ITT by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate’s stock worth $360,000 after buying an additional 87 shares in the last quarter. Round Rock Advisors LLC raised its holdings in ITT by 0.4% during the third quarter. Round Rock Advisors LLC now owns 20,319 shares of the conglomerate’s stock valued at $3,038,000 after acquiring an additional 90 shares during the period. Tectonic Advisors LLC lifted its position in shares of ITT by 3.3% in the third quarter. Tectonic Advisors LLC now owns 2,925 shares of the conglomerate’s stock valued at $437,000 after acquiring an additional 93 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in shares of ITT by 5.9% in the second quarter. AE Wealth Management LLC now owns 1,802 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com cut ITT from a “buy” rating to a “hold” rating in a report on Tuesday. Wolfe Research started coverage on shares of ITT in a report on Wednesday, December 11th. They issued a “peer perform” rating on the stock. Citigroup dropped their target price on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Monday, January 13th. KeyCorp boosted their price target on shares of ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Finally, The Goldman Sachs Group raised their price objective on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $166.50.

ITT Stock Up 1.4 %

Shares of NYSE ITT opened at $151.24 on Friday. 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 Inc. has a 12-month low of $117.25 and a 12-month high of $161.13. The firm’s 50-day moving average price is $149.46 and its 200-day moving average price is $143.09. The stock has a market capitalization of $12.33 billion, a price-to-earnings ratio of 25.81, a P/E/G ratio of 1.63 and a beta of 1.41.

ITT (NYSE:ITT) last posted its quarterly earnings data 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 business had revenue of $885.20 million during the quarter, compared to analyst estimates of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company earned $1.37 EPS. On average, equities research analysts anticipate that ITT Inc. will post 5.84 EPS for the current fiscal year.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a dividend of $0.319 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, November 29th. ITT’s dividend payout ratio (DPR) is 21.67%.

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.