ITT Inc. (NYSE:ITT) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its position in ITT Inc. (NYSE:ITT) by 218.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,051 shares of the conglomerate’s stock after acquiring an additional 9,633 shares during the period. Intech Investment Management LLC’s holdings in ITT were worth $2,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. M&T Bank Corp boosted its holdings in ITT by 1.3% in 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 last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of ITT by 0.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,486 shares of the conglomerate’s stock worth $1,641,000 after acquiring an additional 81 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of 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 acquiring an additional 87 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of ITT by 10.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the conglomerate’s stock worth $183,000 after acquiring an additional 116 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its holdings in shares of ITT by 4.2% in the 4th quarter. Tectonic Advisors LLC now owns 3,048 shares of the conglomerate’s stock worth $435,000 after acquiring an additional 123 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Trading Down 1.4 %

Shares of NYSE:ITT opened at $134.93 on Friday. ITT Inc. has a 52 week low of $121.01 and a 52 week high of $161.13. The company’s 50 day moving average is $143.70 and its two-hundred day moving average is $145.78. 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 company has a market cap of $10.98 billion, a PE ratio of 21.42, a P/E/G ratio of 1.89 and a beta of 1.42.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 EPS 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%. Equities analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be issued a $0.351 dividend. This is a boost from ITT’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.04%. ITT’s dividend payout ratio is presently 22.22%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ITT shares. Citigroup decreased their price objective on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a report on Monday, January 13th. StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. UBS Group upped their target price on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Stifel Nicolaus cut their target price on shares of ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Wolfe Research initiated coverage on shares of ITT in a research note on Wednesday, December 11th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ITT presently has an average rating of “Moderate Buy” and a consensus target price of $168.38.

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.