AQR Capital Management LLC Decreases Stock Position in ITT Inc. (NYSE:ITT)

AQR Capital Management LLC lessened its holdings in ITT Inc. (NYSE:ITT - Free Report) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 271,372 shares of the conglomerate's stock after selling 26,993 shares during the quarter. AQR Capital Management LLC owned 0.33% of ITT worth $38,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC purchased a new stake in ITT during the 4th quarter worth about $26,000. ORG Wealth Partners LLC bought a new position in ITT during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC bought a new stake in ITT in the 4th quarter worth $34,000. Quarry LP grew its position in shares of ITT by 101.6% in 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 last quarter. Finally, V Square Quantitative Management LLC lifted its position 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 worth $59,000 after purchasing an additional 182 shares during the period. Institutional investors own 91.59% of the company's stock.

Analysts Set New Price Targets

ITT has been the topic of a number of research analyst reports. StockNews.com downgraded ITT from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Citigroup decreased their target price on shares of ITT from $181.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 14th. KeyCorp lifted their target price on ITT from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. UBS Group increased their price objective on ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Stifel Nicolaus lifted their price objective on ITT from $148.00 to $161.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $161.86.

ITT Stock Performance

Shares of ITT stock traded down $0.67 during mid-day trading on Wednesday, reaching $141.29. 458,901 shares of the company's stock traded hands, compared to its average volume of 451,910. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $161.13. The firm has a 50 day moving average price of $131.78 and a two-hundred day moving average price of $142.54. The firm has a market capitalization of $11.44 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.01. ITT had a net margin of 14.27% and a return on equity of 18.03%. The firm had revenue of $913.00 million during the quarter, compared to analysts' expectations of $901.22 million. During the same period in the prior year, the company posted $1.42 earnings per share. The company's revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts forecast that ITT Inc. will post 6.51 EPS for the current year.

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be paid a dividend of $0.351 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Monday, June 2nd. ITT's payout ratio is presently 22.26%.

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.