ITT Inc. (NYSE:ITT) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its stake in shares of ITT Inc. (NYSE:ITT) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,351 shares of the conglomerate’s stock after selling 382 shares during the quarter. Blair William & Co. IL’s holdings in ITT were worth $3,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ITT. State Street Corp lifted its holdings in shares of ITT by 1.1% during the third quarter. State Street Corp now owns 2,437,674 shares of the conglomerate’s stock worth $364,457,000 after purchasing an additional 26,133 shares during the period. Geode Capital Management LLC raised its holdings in ITT by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,369,021 shares of the conglomerate’s stock worth $204,736,000 after purchasing an additional 8,223 shares in the last quarter. Boston Partners raised its holdings in ITT by 7.0% during the fourth quarter. Boston Partners now owns 930,069 shares of the conglomerate’s stock worth $132,915,000 after purchasing an additional 61,132 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in ITT by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 761,599 shares of the conglomerate’s stock valued at $108,817,000 after purchasing an additional 3,727 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in ITT by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 517,307 shares of the conglomerate’s stock worth $73,913,000 after purchasing an additional 3,424 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Stock Performance

NYSE ITT opened at $129.18 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. ITT Inc. has a fifty-two week low of $121.01 and a fifty-two week high of $161.13. The business has a fifty day moving average of $142.19 and a 200-day moving average of $146.08. The stock has a market cap of $10.52 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42.

ITT (NYSE:ITT) last announced its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. As a group, analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were paid a $0.351 dividend. This is a boost from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, March 6th. ITT’s payout ratio is presently 22.22%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. KeyCorp lifted their price target on ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. 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 research report on Thursday, February 13th. UBS Group upped their price target on ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Wolfe Research assumed coverage on ITT in a research report on Wednesday, December 11th. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.