SG Americas Securities LLC Boosts Holdings in ITT Inc. (NYSE:ITT)

SG Americas Securities LLC increased its holdings in ITT Inc. (NYSE:ITT - Free Report) by 544.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,597 shares of the conglomerate's stock after buying an additional 3,884 shares during the quarter. SG Americas Securities LLC's holdings in ITT were worth $594,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ITT. Rialto Wealth Management LLC bought a new stake in ITT in the 4th quarter worth about $26,000. Whipplewood Advisors LLC bought a new stake in ITT in the 4th quarter worth about $34,000. Quarry LP increased its holdings in ITT by 101.6% in the 4th quarter. Quarry LP now owns 248 shares of the conglomerate's stock worth $35,000 after buying an additional 125 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in ITT by 291.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock worth $59,000 after buying an additional 309 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in ITT in the 4th quarter worth about $59,000. 91.59% of the stock is currently owned by institutional investors.

ITT Price Performance

Shares of ITT stock traded up $0.17 during trading hours on Friday, reaching $150.83. 1,204,149 shares of the company traded hands, compared to its average volume of 453,690. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $161.13. The company has a market cap of $11.87 billion, a P/E ratio of 23.98, a P/E/G ratio of 1.97 and a beta of 1.35. The firm has a 50-day moving average price of $144.51 and a 200 day moving average price of $142.25.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data 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. ITT had a return on equity of 17.75% and a net margin of 14.19%. The firm had revenue of $913.00 million for the quarter, compared to analysts' expectations of $901.22 million. During the same period in the previous year, the firm earned $1.42 EPS. The business's quarterly revenue was up .3% on a year-over-year basis. Sell-side analysts predict that ITT Inc. will post 6.51 EPS 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. The ex-dividend date is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.93%. ITT's payout ratio is currently 22.26%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. KeyCorp lifted their price objective on ITT from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wall Street Zen raised ITT from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group raised their target price on ITT from $160.00 to $177.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Bank of America raised their target price on ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Citigroup dropped their target price on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $165.50.

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.