MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 5,584 Shares of ITT Inc. (NYSE:ITT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,118 shares of the conglomerate's stock after selling 5,584 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in ITT were worth $5,018,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Interval Partners LP purchased a new position in ITT during the 4th quarter valued at about $13,910,000. Janus Henderson Group PLC boosted its position in shares of ITT by 1.3% in the fourth quarter. Janus Henderson Group PLC now owns 928,116 shares of the conglomerate's stock valued at $132,611,000 after acquiring an additional 11,980 shares during the period. Hudson Bay Capital Management LP purchased a new position in ITT during the fourth quarter valued at approximately $11,859,000. Graham Capital Management L.P. bought a new stake in ITT during the 4th quarter worth approximately $3,501,000. Finally, Focus Partners Wealth increased its holdings in ITT by 38.3% during the 4th quarter. Focus Partners Wealth now owns 4,356 shares of the conglomerate's stock worth $622,000 after acquiring an additional 1,206 shares during the period. Hedge funds and other institutional investors own 91.59% of the company's stock.

ITT Price Performance

ITT traded down $0.64 during trading on Thursday, reaching $148.42. The stock had a trading volume of 356,019 shares, compared to its average volume of 454,684. The business has a 50-day moving average of $134.66 and a 200-day moving average of $142.92. ITT Inc. has a one year low of $105.64 and a one year high of $161.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a market cap of $11.68 billion, a PE ratio of 23.56, a PEG ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The conglomerate reported $1.45 EPS for the quarter, beating the consensus estimate of $1.44 by $0.01. The firm had revenue of $913.00 million for 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 was up .3% on a year-over-year basis. During the same period in the prior year, the company earned $1.42 EPS. As a group, equities research analysts anticipate that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 0.95%. The ex-dividend date of this dividend is Monday, June 2nd. ITT's payout ratio is currently 22.26%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. KeyCorp boosted their price target on shares of ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Bank of America lifted their price objective on ITT from $145.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday. Stifel Nicolaus upped their target price on ITT from $161.00 to $171.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. UBS Group raised their price target on ITT from $165.00 to $168.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group lifted their price target on ITT from $160.00 to $177.00 and gave the company a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.