Cwm LLC Has $871,000 Stock Holdings in ITT Inc. (NYSE:ITT)

Cwm LLC lifted its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 55.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,741 shares of the conglomerate's stock after buying an additional 2,401 shares during the quarter. Cwm LLC's holdings in ITT were worth $871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Louisiana State Employees Retirement System grew its holdings in shares of ITT by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 22,800 shares of the conglomerate's stock valued at $2,945,000 after purchasing an additional 200 shares during the last quarter. Stephens Inc. AR grew its holdings in ITT by 4.8% during the 1st quarter. Stephens Inc. AR now owns 1,970 shares of the conglomerate's stock worth $254,000 after acquiring an additional 90 shares during the last quarter. New York State Common Retirement Fund grew its holdings in ITT by 1.5% during the 1st quarter. New York State Common Retirement Fund now owns 47,703 shares of the conglomerate's stock worth $6,161,000 after acquiring an additional 700 shares during the last quarter. Ballentine Partners LLC grew its holdings in ITT by 9.8% during the 1st quarter. Ballentine Partners LLC now owns 1,630 shares of the conglomerate's stock worth $211,000 after acquiring an additional 146 shares during the last quarter. Finally, Xponance Inc. grew its holdings in ITT by 1.6% during the 1st quarter. Xponance Inc. now owns 9,442 shares of the conglomerate's stock worth $1,220,000 after acquiring an additional 146 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Stock Performance

Shares of NYSE:ITT opened at $158.73 on Wednesday. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $161.79. The business has a 50-day simple moving average of $153.62 and a two-hundred day simple moving average of $143.79. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 1.99 and a beta of 1.35.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The conglomerate reported $1.45 EPS for the quarter, beating the consensus estimate of $1.44 by $0.01. ITT had a net margin of 14.19% and a return on equity of 17.75%. The firm had revenue of $913.00 million during the quarter, compared to analyst estimates of $901.22 million. During the same quarter in the prior year, the firm earned $1.42 EPS. The business's revenue for the quarter was up .3% compared to the same quarter last year. As a group, research analysts predict that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 2nd were paid a $0.351 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.40 annualized dividend and a yield of 0.88%. ITT's payout ratio is 22.26%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. KeyCorp boosted their price target on shares of ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Stifel Nicolaus upped their target price on shares of ITT from $171.00 to $197.00 and gave the stock a "buy" rating in a research note on Monday. The Goldman Sachs Group upped their target price on shares of ITT from $160.00 to $177.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Bank of America upped their target price on shares of ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.25.

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.

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