GSA Capital Partners LLP Takes Position in ITT Inc. (NYSE:ITT)

GSA Capital Partners LLP bought a new stake in shares of ITT Inc. (NYSE:ITT - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,718 shares of the conglomerate's stock, valued at approximately $609,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ITT. LPL Financial LLC increased its stake in shares of ITT by 3.1% in the fourth quarter. LPL Financial LLC now owns 43,192 shares of the conglomerate's stock worth $6,171,000 after purchasing an additional 1,316 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of ITT by 10.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,436 shares of the conglomerate's stock worth $1,634,000 after buying an additional 1,055 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of ITT by 227.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 917 shares of the conglomerate's stock worth $131,000 after buying an additional 637 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of ITT by 10.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,366 shares of the conglomerate's stock worth $624,000 after purchasing an additional 407 shares during the period. Finally, Wells Fargo & Company MN boosted its position in ITT by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 135,284 shares of the conglomerate's stock valued at $19,330,000 after buying an additional 5,605 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Stock Down 0.4%

Shares of ITT stock traded down $0.60 on Thursday, hitting $164.66. The stock had a trading volume of 138,232 shares, compared to its average volume of 518,415. ITT Inc. has a 52-week low of $105.64 and a 52-week high of $170.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.45. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 2.05 and a beta of 1.38. The stock's 50 day moving average is $156.73 and its 200-day moving average is $145.44.

ITT (NYSE:ITT - Get Free Report) last issued its earnings results on Thursday, July 31st. The conglomerate reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.02. ITT had a net margin of 13.99% and a return on equity of 18.08%. The company had revenue of $972.40 million for the quarter, compared to analysts' expectations of $947.48 million. During the same period in the prior year, the company earned $1.49 earnings per share. The firm's revenue was up 7.3% compared to the same quarter last year. As a group, research analysts expect that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.351 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. ITT's dividend payout ratio (DPR) is 22.01%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. DA Davidson set a $190.00 price objective on shares of ITT 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. Citigroup reaffirmed a "buy" rating and set a $186.00 price objective (up from $159.00) on shares of ITT in a research report on Monday, July 14th. KeyCorp increased their target price on shares of ITT from $180.00 to $192.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus raised their target price on shares of ITT from $197.00 to $202.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $179.22.

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.