Envestnet Asset Management Inc. Has $11.91 Million Position in ITT Inc. (NYSE:ITT)

Envestnet Asset Management Inc. lowered its position in ITT Inc. (NYSE:ITT - Free Report) by 15.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,199 shares of the conglomerate's stock after selling 16,452 shares during the quarter. Envestnet Asset Management Inc. owned 0.11% of ITT worth $11,908,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. lifted its position in ITT by 13.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 749 shares of the conglomerate's stock worth $107,000 after buying an additional 87 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in ITT by 0.6% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,643 shares of the conglomerate's stock worth $2,150,000 after buying an additional 100 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in ITT by 1.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,609 shares of the conglomerate's stock worth $1,499,000 after buying an additional 123 shares in the last quarter. Quarry LP lifted its position in 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 in the last quarter. Finally, GAMMA Investing LLC lifted its position in ITT by 8.3% in the 1st quarter. GAMMA Investing LLC now owns 1,660 shares of the conglomerate's stock worth $214,000 after buying an additional 127 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Trading Up 1.2%

ITT stock traded up $1.87 during trading on Tuesday, hitting $158.44. 79,643 shares of the stock traded hands, compared to its average volume of 454,822. ITT Inc. has a one year low of $105.64 and a one year high of $161.79. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 2.02 and a beta of 1.35. The company has a 50 day simple moving average of $153.62 and a 200 day simple moving average of $143.79.

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

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 2nd were given a $0.351 dividend. This represents a $1.40 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Monday, June 2nd. ITT's payout ratio is presently 22.26%.

Wall Street Analyst Weigh In

ITT has been the topic of several analyst reports. Citigroup restated a "buy" rating and set a $186.00 price target (up previously from $159.00) on shares of ITT in a research note on Monday, July 14th. The Goldman Sachs Group raised their target price on shares of ITT from $160.00 to $177.00 and gave the company a "buy" rating in a research note on Monday, May 19th. KeyCorp raised their target price 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. Bank of America raised their target price on shares of ITT from $145.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.