ITT Inc. (NYSE:ITT) Shares Bought by Atria Investments Inc

Atria Investments Inc lifted its position in shares of ITT Inc. (NYSE:ITT) by 3.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,912 shares of the conglomerate’s stock after purchasing an additional 163 shares during the period. Atria Investments Inc’s holdings in ITT were worth $734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ITT. Capital Performance Advisors LLP acquired a new position in ITT during the third quarter worth approximately $26,000. Lynx Investment Advisory acquired a new position in shares of ITT in the 2nd quarter valued at $27,000. Headlands Technologies LLC purchased a new stake in ITT in the 2nd quarter valued at $32,000. UMB Bank n.a. boosted its stake in ITT by 315.8% during the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 180 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new position in ITT during the 2nd quarter worth $36,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. TD Cowen increased their target price on shares of ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group increased their price objective on ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Stifel Nicolaus boosted their target price on ITT from $157.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. KeyCorp increased their price target on ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Robert W. Baird dropped their price objective on shares of ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, ITT presently has an average rating of “Buy” and a consensus price target of $161.88.

ITT Trading Up 0.5 %

Shares of ITT stock opened at $153.43 on Tuesday. The business’s fifty day moving average price is $146.54 and its 200 day moving average price is $138.11. The firm has a market capitalization of $12.51 billion, a PE ratio of 26.18, a P/E/G ratio of 1.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. ITT Inc. has a 1-year low of $107.01 and a 1-year high of $155.52.

ITT (NYSE:ITT) last announced its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The business had revenue of $885.20 million during the quarter, compared to the consensus estimate of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 EPS. As a group, sell-side analysts forecast that ITT Inc. will post 5.84 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, November 29th. ITT’s dividend payout ratio (DPR) is 21.67%.

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.