Dimensional Fund Advisors LP Has $122.65 Million Stake in ITT Inc. (NYSE:ITT)

Dimensional Fund Advisors LP lessened its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 858,449 shares of the conglomerate's stock after selling 45,557 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.05% of ITT worth $122,654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new position in ITT during the fourth quarter valued at approximately $26,000. ORG Wealth Partners LLC bought a new position in shares of ITT in the fourth quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new position in shares of ITT in the fourth quarter valued at approximately $34,000. V Square Quantitative Management LLC raised its position in shares of ITT by 79.1% in the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock valued at $59,000 after purchasing an additional 182 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of ITT by 291.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock valued at $59,000 after purchasing an additional 309 shares during the period. Institutional investors own 91.59% of the company's stock.

ITT Stock Performance

ITT traded up $0.13 during trading on Wednesday, reaching $137.02. 754,642 shares of the company's stock were exchanged, compared to its average volume of 448,741. The company has a market capitalization of $11.09 billion, a P/E ratio of 21.75, a PEG 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 has a 50 day moving average price of $131.88 and a 200 day moving average price of $142.90. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $161.13.

ITT (NYSE:ITT - Get Free Report) last issued 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 6th were given a $0.351 dividend. This represents a $1.40 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, March 6th. This is a positive change from ITT's previous quarterly dividend of $0.32. ITT's dividend payout ratio is 22.22%.

Analyst Ratings Changes

A number of research firms have recently commented on ITT. KeyCorp dropped their price target on shares of ITT from $170.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group lifted their price target on shares of ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Stifel Nicolaus dropped their price target on shares of ITT from $179.00 to $148.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Citigroup lowered their price objective on shares of ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com downgraded shares of ITT from a "buy" rating to a "hold" rating in a research note 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $158.57.

About ITT

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.