Two Sigma Advisers LP Has $700,000 Position in ITT Inc. (NYSE:ITT)

Two Sigma Advisers LP lessened its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 52.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,900 shares of the conglomerate's stock after selling 5,300 shares during the quarter. Two Sigma Advisers LP's holdings in ITT were worth $700,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Rialto Wealth Management LLC acquired a new position in ITT in the fourth quarter valued at $26,000. Whipplewood Advisors LLC purchased a new stake in ITT in the 4th quarter valued at about $34,000. Quarry LP increased its stake 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 acquiring an additional 125 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings 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 acquiring an additional 182 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of ITT by 291.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock worth $59,000 after acquiring an additional 309 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Stock Down 0.0%

ITT stock traded down $0.03 during midday trading on Thursday, hitting $150.73. 154,473 shares of the company were exchanged, compared to its average volume of 448,472. The company has a market cap of $11.86 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $161.13. The company's fifty day moving average price is $137.48 and its 200-day moving average price is $142.84. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96.

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

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be given a dividend of $0.351 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 0.93%. ITT's dividend payout ratio is currently 22.26%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ITT. Citigroup dropped their price target on shares of ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Bank of America upped their price objective on ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. UBS Group increased their target price on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Stifel Nicolaus boosted their price target on ITT from $161.00 to $171.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Wall Street Zen upgraded 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 nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $165.50.

About ITT

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.