Aquatic Capital Management LLC Purchases Shares of 6,955 ITT Inc. (NYSE:ITT)

Aquatic Capital Management LLC acquired a new stake in ITT Inc. (NYSE:ITT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,955 shares of the conglomerate's stock, valued at approximately $994,000.

Several other hedge funds have also recently modified their holdings of ITT. Susquehanna Fundamental Investments LLC purchased a new position in shares of ITT in the 4th quarter worth about $3,151,000. Nebula Research & Development LLC raised its holdings in shares of ITT by 420.6% in the 4th quarter. Nebula Research & Development LLC now owns 13,114 shares of the conglomerate's stock worth $1,874,000 after purchasing an additional 10,595 shares during the period. Hancock Whitney Corp grew its holdings in ITT by 0.9% during the fourth quarter. Hancock Whitney Corp now owns 15,978 shares of the conglomerate's stock valued at $2,283,000 after purchasing an additional 139 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of ITT by 63.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 931,240 shares of the conglomerate's stock valued at $133,056,000 after buying an additional 360,123 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of ITT by 8.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,435 shares of the conglomerate's stock worth $7,778,000 after acquiring an additional 4,014 shares during the period. Institutional investors own 91.59% of the company's stock.

Analyst Ratings Changes

ITT has been the topic of several recent research reports. UBS Group upped their price objective on shares of ITT from $165.00 to $168.00 and gave the company a "buy" rating in a report on Friday, February 7th. Citigroup cut their price target on ITT from $181.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus boosted their price objective on ITT from $148.00 to $161.00 and gave the company a "buy" rating in a research note on Friday. KeyCorp upped their price target on ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday. Finally, StockNews.com lowered shares of ITT from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $161.86.

ITT Price Performance

ITT traded up $0.32 on Tuesday, reaching $143.61. The company had a trading volume of 141,156 shares, compared to its average volume of 450,784. ITT Inc. has a 52-week low of $105.64 and a 52-week high of $161.13. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 22.80, a P/E/G 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. The business has a 50 day simple moving average of $131.75 and a 200 day simple moving average of $142.54.

ITT (NYSE:ITT - Get Free Report) last posted 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 company had revenue of $913.00 million during the quarter, compared to the consensus estimate of $901.22 million. During the same period in the previous year, the firm posted $1.42 EPS. The firm's revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that ITT Inc. will post 6.51 EPS for the current year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be paid a $0.351 dividend. This represents a $1.40 annualized dividend and a yield of 0.98%. The ex-dividend date is Monday, June 2nd. ITT's dividend payout ratio is currently 22.26%.

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.