Aristides Capital LLC Makes New $309,000 Investment in ITT Inc. (NYSE:ITT)

Aristides Capital LLC acquired a new stake in ITT Inc. (NYSE:ITT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,164 shares of the conglomerate’s stock, valued at approximately $309,000.

A number of other institutional investors have also modified their holdings of ITT. Rialto Wealth Management LLC acquired a new position in ITT during the fourth quarter valued at approximately $26,000. Resources Management Corp CT ADV acquired a new position in shares of ITT during the 3rd quarter valued at $30,000. ORG Wealth Partners LLC purchased a new stake in ITT during the 4th quarter worth $30,000. Whipplewood Advisors LLC acquired a new stake in ITT in the 4th quarter valued at $34,000. Finally, V Square Quantitative Management LLC raised its position in ITT by 79.1% in the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate’s stock valued at $59,000 after purchasing an additional 182 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

Shares of ITT stock opened at $113.03 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.89 and a beta of 1.36. ITT Inc. has a one year low of $109.49 and a one year high of $161.13. The company’s 50-day simple moving average is $139.91 and its 200-day simple moving average is $145.72.

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

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were issued a dividend of $0.351 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.24%. This is a boost from ITT’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, March 6th. ITT’s dividend payout ratio is 22.22%.

Analyst Ratings Changes

Several equities research analysts recently commented on ITT shares. Citigroup dropped their target price on ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a report on Monday, January 13th. KeyCorp lifted their price objective on shares of ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. UBS Group upped their target price on shares of ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, February 7th. StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Wolfe Research initiated coverage on shares of ITT in a research report on Wednesday, December 11th. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, ITT currently has an average rating of “Moderate Buy” and an average target price of $170.29.

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.