ITT Inc. (NYSE:ITT) Holdings Decreased by Natixis Advisors LLC

Natixis Advisors LLC lowered its position in ITT Inc. (NYSE:ITT - Free Report) by 34.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,676 shares of the conglomerate's stock after selling 24,812 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of ITT worth $6,029,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ITT. LPL Financial LLC increased its position in ITT by 3.1% in the 4th 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 during the last quarter. CIBC Private Wealth Group LLC increased its position in 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 purchasing an additional 637 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in ITT by 10.3% in 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 last quarter. Wells Fargo & Company MN increased 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 worth $19,330,000 after purchasing an additional 5,605 shares during the last quarter. Finally, Bank of Montreal Can increased its position in ITT by 2.0% in the 4th quarter. Bank of Montreal Can now owns 20,553 shares of the conglomerate's stock worth $2,937,000 after purchasing an additional 404 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Price Performance

Shares of ITT stock opened at $166.05 on Wednesday. The stock's fifty day moving average is $156.44 and its 200-day moving average is $145.30. 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 stock has a market capitalization of $12.95 billion, a PE ratio of 26.11, a PEG ratio of 2.06 and a beta of 1.38. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $170.16.

ITT (NYSE:ITT - Get Free Report) last released its earnings results on Thursday, July 31st. The conglomerate reported $1.64 EPS for the quarter, beating the consensus estimate of $1.62 by $0.02. The company had revenue of $972.40 million during the quarter, compared to analysts' expectations of $947.48 million. ITT had a return on equity of 18.08% and a net margin of 13.99%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $1.49 EPS. Equities research analysts expect 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, September 29th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.351 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. ITT's payout ratio is 22.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. DA Davidson increased their price objective on ITT from $170.00 to $190.00 and gave the company a "buy" rating in a report on Monday. Citigroup reissued a "buy" rating and set a $186.00 price objective (up previously from $159.00) on shares of ITT in a report on Monday, July 14th. Stifel Nicolaus increased their price objective on ITT from $197.00 to $202.00 and gave the company a "buy" rating in a report on Friday, August 1st. KeyCorp increased their price objective on ITT from $180.00 to $192.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Wall Street Zen raised ITT from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, ITT has a consensus rating of "Moderate Buy" and an average target price 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.

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