ITT Inc. (NYSE:ITT) Stock Holdings Lessened by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lessened its holdings in ITT Inc. (NYSE:ITT - Free Report) by 53.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,601 shares of the conglomerate's stock after selling 6,454 shares during the quarter. Gateway Investment Advisers LLC's holdings in ITT were worth $723,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ITT. Bleakley Financial Group LLC grew its holdings in shares of ITT by 21.2% during the fourth quarter. Bleakley Financial Group LLC now owns 3,498 shares of the conglomerate's stock valued at $500,000 after purchasing an additional 611 shares during the last quarter. Savant Capital LLC boosted its position in ITT by 3.5% during the 4th quarter. Savant Capital LLC now owns 4,081 shares of the conglomerate's stock valued at $583,000 after purchasing an additional 137 shares during the period. Regents Gate Capital LLP bought a new position in ITT during the 4th quarter worth $4,323,000. Van ECK Associates Corp grew its stake in ITT by 35.3% during the 4th quarter. Van ECK Associates Corp now owns 70,366 shares of the conglomerate's stock worth $10,054,000 after buying an additional 18,370 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in ITT by 79.1% in the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock worth $59,000 after buying an additional 182 shares during the period. Institutional investors own 91.59% of the company's stock.

ITT Price Performance

Shares of NYSE:ITT traded up $0.84 during trading hours on Wednesday, hitting $152.56. 369,278 shares of the company's stock traded hands, compared to its average volume of 449,429. The company's fifty day simple moving average is $139.33 and its two-hundred day simple moving average is $142.67. The company has a market cap of $12.01 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 1.89 and a beta of 1.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $161.13.

ITT (NYSE:ITT - Get Free Report) last issued its earnings results on Thursday, May 1st. The conglomerate reported $1.45 earnings per share 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 analysts' expectations of $901.22 million. ITT had a net margin of 14.27% and a return on equity of 18.03%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm posted $1.42 earnings per share. As a group, equities analysts anticipate that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 annualized dividend and a yield of 0.92%. ITT's payout ratio is presently 22.26%.

Analysts Set New Price Targets

Several research firms have recently commented on ITT. Stifel Nicolaus upped their price target on shares of ITT from $161.00 to $171.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. KeyCorp raised 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. Citigroup lowered their price target on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group upped their price objective on shares of ITT from $160.00 to $177.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, Bank of America increased their target price on shares of ITT from $145.00 to $170.00 and gave the company 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $165.50.

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.