ITT Inc. (NYSE:ITT) Shares Acquired by Regents Gate Capital LLP

Regents Gate Capital LLP lifted its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 162.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 79,351 shares of the conglomerate's stock after purchasing an additional 49,093 shares during the quarter. ITT comprises approximately 4.4% of Regents Gate Capital LLP's holdings, making the stock its 6th largest holding. Regents Gate Capital LLP owned approximately 0.10% of ITT worth $10,249,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ITT. Charles Schwab Investment Management Inc. boosted its stake in shares of ITT by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 517,307 shares of the conglomerate's stock valued at $73,913,000 after buying an additional 3,424 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of ITT during the 1st quarter valued at approximately $273,000. AlphaQuest LLC boosted its stake in shares of ITT by 422.7% during the 4th quarter. AlphaQuest LLC now owns 4,208 shares of the conglomerate's stock valued at $601,000 after buying an additional 3,403 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of ITT by 218.0% during the 4th quarter. Intech Investment Management LLC now owns 14,051 shares of the conglomerate's stock valued at $2,008,000 after buying an additional 9,633 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of ITT by 19.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 17,551 shares of the conglomerate's stock valued at $2,267,000 after buying an additional 2,917 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

ITT Stock Up 0.2%

NYSE ITT traded up $0.38 during trading hours on Friday, hitting $157.94. The company had a trading volume of 374,809 shares, compared to its average volume of 458,784. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $161.79. The business has a fifty day simple moving average of $152.08 and a 200-day simple moving average of $143.26. The firm has a market cap of $12.43 billion, a P/E ratio of 25.11, a price-to-earnings-growth ratio of 2.00 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 for the quarter, topping 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 17.75% and a net margin of 14.19%. The firm's revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the company earned $1.42 earnings per share. Equities analysts forecast that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ITT. Wall Street Zen upgraded ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Bank of America upped their price target on ITT from $145.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group upped their price target on ITT from $160.00 to $177.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Stifel Nicolaus upped their price target on ITT from $161.00 to $171.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, KeyCorp upped their price target on ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, ITT has a consensus rating of "Moderate Buy" and an average price target 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.