Leeward Investments LLC MA Has $15.07 Million Position in ITT Inc. (NYSE:ITT)

Leeward Investments LLC MA lowered its stake in ITT Inc. (NYSE:ITT - Free Report) by 27.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,658 shares of the conglomerate's stock after selling 44,859 shares during the period. Leeward Investments LLC MA owned approximately 0.14% of ITT worth $15,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in ITT by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 187,365 shares of the conglomerate's stock valued at $24,200,000 after buying an additional 516 shares during the last quarter. Mutual Advisors LLC boosted its holdings in ITT by 17.1% during the first quarter. Mutual Advisors LLC now owns 2,825 shares of the conglomerate's stock valued at $388,000 after acquiring an additional 413 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in ITT by 0.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,643 shares of the conglomerate's stock valued at $2,150,000 after acquiring an additional 100 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in ITT by 10.2% during the first quarter. Sequoia Financial Advisors LLC now owns 29,831 shares of the conglomerate's stock valued at $3,853,000 after acquiring an additional 2,765 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in ITT by 6.2% during the first quarter. Bessemer Group Inc. now owns 9,488 shares of the conglomerate's stock valued at $1,226,000 after acquiring an additional 551 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Trading Up 0.8%

ITT stock traded up $1.22 during midday trading on Friday, hitting $161.39. The stock had a trading volume of 265,401 shares, compared to its average volume of 454,043. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 2.11 and a beta of 1.35. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $161.53. The stock has a 50-day simple moving average of $149.61 and a 200 day simple moving average of $142.67.

ITT (NYSE:ITT - Get Free Report) last issued its earnings results on Thursday, May 1st. The conglomerate reported $1.45 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 return on equity of 17.75% and a net margin of 14.19%. ITT's quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the business earned $1.42 earnings per share. On average, equities analysts forecast that ITT Inc. will post 6.51 EPS for the current year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.351 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.40 annualized dividend and a yield of 0.87%. ITT's dividend payout ratio is currently 22.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ITT shares. The Goldman Sachs Group upped their price target on shares of ITT from $160.00 to $177.00 and gave the company a "buy" rating in a report on Monday, May 19th. Bank of America upped their price target on ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Citigroup cut their price target on ITT from $181.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wall Street Zen upgraded ITT from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, Stifel Nicolaus upped their price target on ITT from $161.00 to $171.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $165.50.

ITT Company 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.