Rhumbline Advisers Sells 2,144 Shares of ITT Inc. (NYSE:ITT)

Rhumbline Advisers decreased its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,171 shares of the conglomerate's stock after selling 2,144 shares during the period. Rhumbline Advisers owned 0.28% of ITT worth $28,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in ITT during the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in ITT during the 4th quarter valued at approximately $34,000. Quarry LP raised its position in ITT by 101.6% during the 4th quarter. Quarry LP now owns 248 shares of the conglomerate's stock valued at $35,000 after purchasing an additional 125 shares during the last quarter. V Square Quantitative Management LLC raised 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 valued at $59,000 after purchasing an additional 182 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of ITT during the 4th quarter worth approximately $59,000. Institutional investors own 91.59% of the company's stock.

Wall Street Analysts Forecast Growth

ITT has been the topic of a number of research analyst reports. Wall Street Zen upgraded ITT from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. UBS Group upped their target price on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Citigroup reduced their target price on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group upped their target price on ITT from $160.00 to $177.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, Stifel Nicolaus upped their target price on ITT from $161.00 to $171.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $165.50.

ITT Stock Up 1.7%

Shares of ITT stock traded up $2.61 during midday trading on Friday, hitting $152.43. The company had a trading volume of 390,678 shares, compared to its average volume of 450,496. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a market capitalization of $12.00 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a 50 day moving average of $138.31 and a 200 day moving average of $142.81. ITT Inc. has a 52-week low of $105.64 and a 52-week high of $161.13.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly 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 company had revenue of $913.00 million for the quarter, compared to the consensus estimate of $901.22 million. ITT had a return on equity of 18.03% and a net margin of 14.27%. The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.42 EPS. On average, equities analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be given a $0.351 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.40 annualized dividend and a yield of 0.92%. ITT's dividend payout ratio (DPR) is presently 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.