ITT Inc. (NYSE:ITT) Shares Bought by Running Oak Capital LLC

Running Oak Capital LLC lifted its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 13.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 113,181 shares of the conglomerate's stock after purchasing an additional 13,737 shares during the period. Running Oak Capital LLC owned about 0.14% of ITT worth $14,618,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Select Equity Group L.P. increased its position in ITT by 7.7% during the fourth quarter. Select Equity Group L.P. now owns 4,564,926 shares of the conglomerate's stock worth $652,237,000 after buying an additional 326,947 shares during the period. Invesco Ltd. grew its position in shares of ITT by 12.2% during the fourth quarter. Invesco Ltd. now owns 1,560,381 shares of the conglomerate's stock worth $222,947,000 after acquiring an additional 169,054 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of ITT by 14.2% during the fourth quarter. Alliancebernstein L.P. now owns 1,366,576 shares of the conglomerate's stock worth $195,256,000 after acquiring an additional 169,944 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of ITT by 17.7% in the 4th quarter. Nuveen Asset Management LLC now owns 1,139,303 shares of the conglomerate's stock valued at $162,784,000 after acquiring an additional 171,474 shares during the period. Finally, Norges Bank purchased a new stake in ITT in the 4th quarter valued at $134,433,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Price Performance

Shares of ITT stock traded down $0.06 during mid-day trading on Wednesday, hitting $154.96. The stock had a trading volume of 351,877 shares, compared to its average volume of 454,120. The firm has a market cap of $12.20 billion, a PE ratio of 24.64, a PEG ratio of 2.03 and a beta of 1.35. The company's 50-day simple moving average is $145.61 and its 200-day simple moving average is $142.32. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $161.13.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 14.19% and a return on equity of 17.75%. The firm's revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 earnings per share. On average, analysts expect that ITT Inc. will post 6.51 EPS for the current year.

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.351 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, June 2nd. ITT's dividend payout ratio (DPR) is 22.26%.

Analyst Ratings Changes

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