Schonfeld Strategic Advisors LLC Acquires 138,132 Shares of ITT Inc. (NYSE:ITT)

Schonfeld Strategic Advisors LLC raised its holdings in ITT Inc. (NYSE:ITT) by 197.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 207,974 shares of the conglomerate’s stock after purchasing an additional 138,132 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in ITT were worth $29,715,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ITT. Rialto Wealth Management LLC bought a new position in shares of ITT in the 4th quarter worth $26,000. ORG Wealth Partners LLC acquired a new position in ITT in the fourth quarter valued at about $30,000. Whipplewood Advisors LLC bought a new position in ITT during the fourth quarter worth about $34,000. Quarry LP grew its position in shares of ITT by 101.6% during the 4th quarter. Quarry LP now owns 248 shares of the conglomerate’s stock worth $35,000 after buying an additional 125 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in shares of ITT by 79.1% in the 4th quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate’s stock valued at $59,000 after acquiring an additional 182 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Trading Up 0.1 %

ITT stock opened at $137.44 on Tuesday. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 1.89 and a beta of 1.36. The firm has a 50-day moving average of $132.10 and a 200-day moving average of $142.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. ITT Inc. has a one year low of $105.64 and a one year high of $161.13.

ITT (NYSE:ITT) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect 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. Stockholders of record on Thursday, March 6th were paid a dividend of $0.351 per share. This is an increase from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Thursday, March 6th. ITT’s payout ratio is currently 22.22%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of ITT from $179.00 to $148.00 and set a “buy” rating for the company in a report on Monday, April 14th. KeyCorp lowered their price objective on shares of ITT from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Citigroup dropped their price objective on ITT from $181.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. StockNews.com cut ITT from a “buy” rating to a “hold” rating in a research note on Friday. Finally, UBS Group raised their target price on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $158.57.

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.