Segall Bryant & Hamill LLC Sells 47,888 Shares of ITT Inc. (NYSE:ITT)

Segall Bryant & Hamill LLC lessened its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 24.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 151,114 shares of the conglomerate's stock after selling 47,888 shares during the period. Segall Bryant & Hamill LLC owned 0.19% of ITT worth $19,518,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. raised its holdings in 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 buying an additional 87 shares during the last quarter. Stephens Inc. AR raised its holdings in ITT by 4.8% during the first quarter. Stephens Inc. AR now owns 1,970 shares of the conglomerate's stock worth $254,000 after buying an additional 90 shares during the last quarter. Prudent Man Advisors LLC raised its holdings in ITT by 2.3% during the first quarter. Prudent Man Advisors LLC now owns 4,280 shares of the conglomerate's stock worth $553,000 after buying an additional 98 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in ITT by 0.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,643 shares of the conglomerate's stock worth $2,150,000 after buying an additional 100 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in ITT by 1.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,609 shares of the conglomerate's stock worth $1,499,000 after buying an additional 123 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ITT shares. Bank of America upped their price objective on shares of ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Wall Street Zen upgraded shares of ITT from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. KeyCorp upped their price objective on shares of ITT from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Citigroup reiterated a "buy" rating and issued a $186.00 target price (up previously from $159.00) on shares of ITT in a report on Monday. Finally, The Goldman Sachs Group increased their target price on shares of ITT from $160.00 to $177.00 and gave the company a "buy" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $170.00.

ITT Price Performance

Shares of ITT stock traded up $1.80 on Wednesday, hitting $157.73. The stock had a trading volume of 407,485 shares, compared to its average volume of 457,301. The business has a 50 day moving average of $152.66 and a 200 day moving average of $143.44. The stock has a market cap of $12.41 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $161.79.

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, beating the consensus estimate of $1.44 by $0.01. The company had revenue of $913.00 million during the quarter, compared to analyst estimates of $901.22 million. ITT had a net margin of 14.19% and a return on equity of 17.75%. The firm's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.42 earnings per share. As a group, research analysts expect that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Dividend Announcement

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