ITT Inc. (NYSE:ITT) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 30.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,527 shares of the conglomerate's stock after selling 9,473 shares during the period. Janney Montgomery Scott LLC's holdings in ITT were worth $2,781,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ITT. Rialto Wealth Management LLC acquired a new stake in shares of ITT during the fourth quarter worth about $26,000. Whipplewood Advisors LLC purchased a new stake in ITT during the 4th quarter valued at approximately $34,000. Quarry LP raised its stake in 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. Smartleaf Asset Management LLC lifted its position in ITT by 291.5% during the 4th 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 period. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of ITT in the 4th quarter valued at approximately $59,000. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Trading Up 0.2%

Shares of ITT traded up $0.38 during trading hours on Friday, reaching $157.94. The company had a trading volume of 675,065 shares, compared to its average volume of 454,868. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $161.13. The firm has a 50 day simple moving average of $147.37 and a 200-day simple moving average of $142.39. The company has a market capitalization of $12.43 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 2.06 and a beta of 1.35.

ITT (NYSE:ITT - Get Free Report) last issued its earnings results on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.01. ITT had a net margin of 14.19% and a return on equity of 17.75%. The company had revenue of $913.00 million during the quarter, compared to analysts' expectations of $901.22 million. During the same period last year, the company posted $1.42 earnings per share. The firm's quarterly revenue was up .3% compared to the same quarter last year. Sell-side analysts forecast that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be issued a dividend of $0.351 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.40 annualized dividend and a yield of 0.89%. ITT's dividend payout ratio is presently 22.26%.

Analysts Set New Price Targets

Several research firms have recently commented on ITT. Citigroup cut their price target on ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 14th. KeyCorp upped their price objective on shares of ITT from $150.00 to $160.00 and gave the stock an "overweight" rating in a research 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. Bank of America boosted their price target 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. Finally, Stifel Nicolaus raised their price objective on shares of ITT from $161.00 to $171.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock 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.