Fort Washington Investment Advisors Inc. OH Buys 9,132 Shares of ITT Inc. (NYSE:ITT)

Fort Washington Investment Advisors Inc. OH raised its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 6.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 145,932 shares of the conglomerate's stock after buying an additional 9,132 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.18% of ITT worth $18,849,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Rialto Wealth Management LLC purchased a new stake in ITT in the fourth quarter worth about $26,000. Whipplewood Advisors LLC purchased a new stake in ITT in the 4th quarter worth approximately $34,000. Quarry LP increased its holdings in ITT by 101.6% in the 4th quarter. Quarry LP now owns 248 shares of the conglomerate's stock worth $35,000 after acquiring an additional 125 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of 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 purchasing an additional 182 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of ITT in the fourth quarter worth $59,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Trading Up 0.9%

Shares of NYSE:ITT traded up $1.32 during trading on Monday, reaching $151.78. The company's stock had a trading volume of 328,686 shares, compared to its average volume of 449,584. The company has a current ratio of 1.40, a quick ratio of 0.96 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's 50 day simple moving average is $142.43 and its two-hundred day simple moving average is $142.42. The stock has a market capitalization of $11.95 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 1.89 and a beta of 1.35.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 18.03% and a net margin of 14.27%. The company'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 EPS. On average, research analysts predict that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be issued a $0.351 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.40 annualized dividend and a dividend yield of 0.93%. ITT's dividend payout ratio (DPR) is presently 22.26%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Nicolaus increased their target price on ITT from $161.00 to $171.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. KeyCorp increased their price objective on shares of ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Wall Street Zen raised shares of ITT from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Citigroup cut their target price on shares of ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Bank of America raised their target price on shares of ITT from $145.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.