Quantinno Capital Management LP Has $3.39 Million Stock Position in ITT Inc. (NYSE:ITT)

Quantinno Capital Management LP raised its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 24.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,732 shares of the conglomerate's stock after purchasing an additional 4,630 shares during the quarter. Quantinno Capital Management LP's holdings in ITT were worth $3,391,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Rialto Wealth Management LLC purchased a new stake in ITT in the 4th quarter worth about $26,000. Whipplewood Advisors LLC bought a new stake in shares of ITT during the fourth quarter worth $34,000. Quarry LP boosted its stake in shares of ITT by 101.6% during the fourth quarter. Quarry LP now owns 248 shares of the conglomerate's stock valued at $35,000 after purchasing an additional 125 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of ITT by 79.1% in the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock worth $59,000 after purchasing an additional 182 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in ITT by 291.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock valued at $59,000 after buying an additional 309 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ITT shares. Citigroup dropped their price objective on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus increased their price target on ITT from $161.00 to $171.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Bank of America raised their price target on ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday. The Goldman Sachs Group increased their price objective on shares of ITT from $160.00 to $177.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Finally, 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 research report on Friday, February 7th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $165.50.

ITT Stock Performance

NYSE ITT traded down $0.83 on Friday, hitting $147.43. The stock had a trading volume of 380,826 shares, compared to its average volume of 457,560. 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 Inc. has a one year low of $105.64 and a one year high of $161.13. The company's 50-day moving average is $135.15 and its two-hundred day moving average is $142.86. The stock has a market cap of $11.60 billion, a price-to-earnings ratio of 23.40, a P/E/G 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 analysts' consensus estimates of $1.44 by $0.01. ITT had a net margin of 14.27% and a return on equity of 18.03%. The firm had revenue of $913.00 million for the quarter, compared to the consensus estimate of $901.22 million. During the same period in the previous year, the firm posted $1.42 earnings per share. The firm's revenue was up .3% on a year-over-year basis. On average, analysts expect that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently announced 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. This represents a $1.40 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Monday, June 2nd. ITT's dividend payout ratio is presently 22.26%.

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.