ITT Inc. (NYSE:ITT) Position Raised by Regents Gate Capital LLP

Regents Gate Capital LLP lifted its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 162.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,351 shares of the conglomerate's stock after buying an additional 49,093 shares during the quarter. ITT comprises approximately 4.4% of Regents Gate Capital LLP's investment portfolio, making the stock its 6th largest holding. Regents Gate Capital LLP owned about 0.10% of ITT worth $10,249,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. increased its position in shares of ITT by 13.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 749 shares of the conglomerate's stock worth $107,000 after acquiring an additional 87 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in ITT by 0.6% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,643 shares of the conglomerate's stock valued at $2,150,000 after acquiring an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in ITT by 10.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the conglomerate's stock valued at $183,000 after acquiring an additional 116 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in ITT by 1.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,609 shares of the conglomerate's stock valued at $1,499,000 after acquiring an additional 123 shares in the last quarter. Finally, Quarry LP raised its stake in shares of ITT by 101.6% during the 4th quarter. Quarry LP now owns 248 shares of the conglomerate's stock worth $35,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Trading Up 1.0%

ITT traded up $1.63 during trading on Thursday, reaching $159.25. The stock had a trading volume of 176,769 shares, compared to its average volume of 456,487. The stock's 50 day moving average is $151.36 and its two-hundred day moving average is $143.07. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 2.00 and a beta of 1.35. ITT Inc. has a one year low of $105.64 and a one year high of $161.79.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, topping 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 return on equity of 17.75% and a net margin of 14.19%. The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.42 earnings per share. On average, equities research analysts predict that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 2nd were issued 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 dividend yield of 0.88%. ITT's payout ratio is presently 22.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ITT shares. Bank of America lifted their target price on ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. The Goldman Sachs Group boosted their price objective on ITT from $160.00 to $177.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Wall Street Zen upgraded ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Citigroup reduced their target price on ITT from $181.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Stifel Nicolaus boosted their price objective on ITT from $161.00 to $171.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $165.50.

ITT 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.