GAMMA Investing LLC Boosts Stock Position in ITT Inc. (NYSE:ITT)

GAMMA Investing LLC lifted its holdings in ITT Inc. (NYSE:ITT - Free Report) by 13,886.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 214,406 shares of the conglomerate's stock after buying an additional 212,873 shares during the period. GAMMA Investing LLC owned approximately 0.26% of ITT worth $27,693,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Rialto Wealth Management LLC bought a new stake in ITT during the fourth quarter worth $26,000. Whipplewood Advisors LLC purchased a new stake in shares of ITT during the 4th quarter valued at $34,000. Quarry LP increased its position in shares of ITT by 101.6% during the 4th quarter. Quarry LP now owns 248 shares of the conglomerate's stock valued at $35,000 after purchasing an additional 125 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of ITT by 79.1% during the 4th quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock worth $59,000 after purchasing an additional 182 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of ITT by 291.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock worth $59,000 after buying an additional 309 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

ITT Stock Performance

ITT traded up $2.61 on Friday, hitting $152.43. The company's stock had a trading volume of 390,678 shares, compared to its average volume of 449,420. The company's 50 day simple moving average is $137.89 and its 200-day simple moving average is $142.81. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $161.13. The firm has a market cap of $12.00 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The conglomerate reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.01. The firm had revenue of $913.00 million during the quarter, compared to analyst estimates of $901.22 million. ITT had a return on equity of 18.03% and a net margin of 14.27%. The business's revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the company earned $1.42 earnings per share. Analysts forecast that ITT Inc. will post 6.51 EPS for the current year.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be given a $0.351 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.92%. ITT's dividend payout ratio (DPR) is currently 22.26%.

Analyst Ratings Changes

ITT has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price objective on shares of ITT from $161.00 to $171.00 and gave the stock a "buy" rating in a report on Friday, May 16th. UBS Group increased their target price 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. Wall Street Zen raised shares of ITT from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. KeyCorp upped their price objective on ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Bank of America raised their target price on ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $165.50.

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.