Quantinno Capital Management LP Purchases 4,630 Shares of ITT Inc. (NYSE:ITT)

Quantinno Capital Management LP increased its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 24.2% in the 4th quarter, according to its most recent Form 13F 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in ITT during the fourth quarter worth about $134,433,000. Raymond James Financial Inc. acquired a new position in ITT during the fourth quarter worth about $73,762,000. T. Rowe Price Investment Management Inc. raised its stake in ITT by 63.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 931,240 shares of the conglomerate's stock worth $133,056,000 after acquiring an additional 360,123 shares in the last quarter. Freestone Grove Partners LP acquired a new position in ITT during the fourth quarter worth about $27,614,000. Finally, Northern Trust Corp raised its stake in ITT by 33.3% during the fourth quarter. Northern Trust Corp now owns 755,915 shares of the conglomerate's stock worth $108,005,000 after acquiring an additional 188,794 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on ITT shares. StockNews.com raised ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group boosted their target price on ITT from $160.00 to $177.00 and gave the stock a "buy" rating in a research note on Monday. KeyCorp upped their price objective on ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. UBS Group upped their price objective on ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Stifel Nicolaus upped their price objective on ITT from $161.00 to $171.00 and gave the company a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.86.

ITT Stock Performance

NYSE:ITT opened at $153.58 on Tuesday. The company has a market capitalization of $12.09 billion, a PE ratio of 24.38, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a 50 day simple moving average of $133.92 and a two-hundred day simple moving average of $142.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $161.13.

ITT (NYSE:ITT - Get Free Report) last released its earnings results on Thursday, May 1st. The conglomerate reported $1.45 earnings per share 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 the consensus estimate of $901.22 million. ITT had a net margin of 14.27% and a return on equity of 18.03%. The company's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS. Research analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Monday, June 2nd. ITT's dividend payout ratio (DPR) is 22.26%.

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.

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