Captrust Financial Advisors Has $3.63 Million Stock Position in ITT Inc. (NYSE:ITT)

Captrust Financial Advisors increased its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 106.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,398 shares of the conglomerate's stock after acquiring an additional 13,105 shares during the quarter. Captrust Financial Advisors' holdings in ITT were worth $3,629,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of ITT by 12.2% in the fourth quarter. Invesco Ltd. now owns 1,560,381 shares of the conglomerate's stock valued at $222,947,000 after purchasing an additional 169,054 shares in the last quarter. Alliancebernstein L.P. boosted its position in ITT by 14.2% during the 4th quarter. Alliancebernstein L.P. now owns 1,366,576 shares of the conglomerate's stock worth $195,256,000 after acquiring an additional 169,944 shares during the period. Norges Bank purchased a new position in ITT during the 4th quarter valued at about $134,433,000. T. Rowe Price Investment Management Inc. lifted its position 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 worth $133,056,000 after purchasing an additional 360,123 shares in the last quarter. Finally, Boston Partners boosted its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 91.59% of the company's stock.

Analysts Set New Price Targets

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

ITT Trading Down 0.2 %

Shares of ITT stock opened at $143.18 on Friday. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $161.13. The company has a market cap of $11.27 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. The business's 50 day moving average is $132.10 and its two-hundred day moving average is $142.47.

ITT (NYSE:ITT - Get Free Report) last announced its earnings results on Thursday, May 1st. The conglomerate reported $1.45 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $901.22 million. During the same quarter last year, the firm posted $1.42 EPS. The business's quarterly revenue was up .3% on a year-over-year basis. Equities analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.351 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.98%. ITT's dividend payout ratio (DPR) is presently 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.

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