OMERS ADMINISTRATION Corp Makes New Investment in ITT Inc. (NYSE:ITT)

OMERS ADMINISTRATION Corp acquired a new position in shares of ITT Inc. (NYSE:ITT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,800 shares of the conglomerate's stock, valued at approximately $686,000.

Other large investors have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new position in ITT during the 4th quarter worth $26,000. Whipplewood Advisors LLC bought a new position in ITT during the 4th quarter worth $34,000. Quarry LP increased its position in ITT by 101.6% during the 4th quarter. Quarry LP now owns 248 shares of the conglomerate's stock worth $35,000 after buying an additional 125 shares during the period. V Square Quantitative Management LLC increased its position in ITT by 79.1% during the 4th quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock worth $59,000 after buying an additional 182 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in ITT during the 4th quarter worth $59,000. Institutional investors own 91.59% of the company's stock.

ITT Price Performance

Shares of ITT stock traded down $0.83 on Friday, reaching $147.43. The company had a trading volume of 380,826 shares, compared to its average volume of 456,390. The business's 50-day moving average is $135.15 and its 200 day moving average is $142.98. The stock has a market capitalization of $11.60 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. ITT Inc. has a one year low of $105.64 and a one year high of $161.13. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $913.00 million during the quarter, compared to analyst estimates of $901.22 million. ITT had a net margin of 14.27% and a return on equity of 18.03%. The firm's quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the business earned $1.42 EPS. Equities research analysts forecast that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.351 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 annualized dividend and a yield of 0.95%. ITT's payout ratio is 22.26%.

Analysts Set New Price Targets

ITT has been the topic of several recent research reports. Wall Street Zen upgraded ITT from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group raised their price target on ITT from $160.00 to $177.00 and gave the stock a "buy" rating in a research report on Monday. Bank of America raised their price target on ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday. Stifel Nicolaus raised their price target on ITT from $161.00 to $171.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, UBS Group raised their price target on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, 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.