UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $35.79 Million Stake in ITT Inc. (NYSE:ITT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in ITT Inc. (NYSE:ITT - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 250,467 shares of the conglomerate's stock after acquiring an additional 21,040 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.31% of ITT worth $35,787,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its holdings in shares of ITT by 0.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,486 shares of the conglomerate's stock worth $1,641,000 after purchasing an additional 81 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in ITT by 13.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 749 shares of the conglomerate's stock valued at $107,000 after purchasing an additional 87 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in ITT by 10.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the conglomerate's stock worth $183,000 after buying an additional 116 shares during the last quarter. Tectonic Advisors LLC lifted its stake in shares of ITT by 4.2% during the 4th quarter. Tectonic Advisors LLC now owns 3,048 shares of the conglomerate's stock worth $435,000 after acquiring an additional 123 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in ITT by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,534 shares of the conglomerate's stock valued at $362,000 after buying an additional 125 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

ITT Stock Performance

Shares of NYSE ITT traded down $0.52 during midday trading on Friday, reaching $150.52. 478,217 shares of the company traded hands, compared to its average volume of 451,643. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $161.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. The stock has a 50-day moving average price of $136.46 and a 200 day moving average price of $142.81. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 1.89 and a beta of 1.36.

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

ITT Dividend Announcement

The company also recently announced 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. This represents a $1.40 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Monday, June 2nd. ITT's dividend payout ratio (DPR) is presently 22.26%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group boosted their target price on shares of ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Stifel Nicolaus lifted their price objective on ITT from $161.00 to $171.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Citigroup lowered their price objective on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wall Street Zen raised shares of ITT from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Bank of America increased their price objective on ITT from $145.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, ITT currently has an average rating of "Moderate Buy" and a consensus price target 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.