4,982 Shares in ITT Inc. (NYSE:ITT) Bought by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC bought a new stake in shares of ITT Inc. (NYSE:ITT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,982 shares of the conglomerate's stock, valued at approximately $712,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ITT. Park Avenue Securities LLC lifted its stake in ITT by 36.8% during the fourth quarter. Park Avenue Securities LLC now owns 4,302 shares of the conglomerate's stock valued at $615,000 after purchasing an additional 1,157 shares during the last quarter. CGN Advisors LLC acquired a new stake in ITT during the fourth quarter valued at approximately $1,204,000. UMB Bank n.a. lifted its stake in ITT by 95.8% during the fourth quarter. UMB Bank n.a. now owns 464 shares of the conglomerate's stock valued at $66,000 after purchasing an additional 227 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of ITT by 0.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 136,800 shares of the conglomerate's stock valued at $19,546,000 after acquiring an additional 390 shares during the period. Finally, Simon Quick Advisors LLC raised its holdings in shares of ITT by 21.1% during the fourth quarter. Simon Quick Advisors LLC now owns 6,276 shares of the conglomerate's stock valued at $897,000 after acquiring an additional 1,093 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ITT has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of ITT from $165.00 to $168.00 and gave the company a "buy" rating in a report on Friday, February 7th. The Goldman Sachs Group boosted their price target on shares of ITT from $160.00 to $177.00 and gave the company a "buy" rating in a report on Monday. Citigroup cut their price target on shares of ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wall Street Zen upgraded shares of ITT from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, KeyCorp boosted their price target on shares of ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $165.50.

ITT Stock Down 0.4%

ITT stock traded down $0.64 during trading hours on Thursday, hitting $148.42. The company had a trading volume of 356,019 shares, compared to its average volume of 455,583. The firm has a market capitalization of $11.68 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. The firm's fifty day moving average is $134.66 and its 200-day moving average is $142.92. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $161.13.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The conglomerate reported $1.45 EPS for the quarter, topping the consensus estimate of $1.44 by $0.01. ITT had a net margin of 14.27% and a return on equity of 18.03%. The company had revenue of $913.00 million for the quarter, compared to analyst estimates of $901.22 million. During the same quarter in the prior year, the business posted $1.42 EPS. ITT's quarterly revenue was up .3% on a year-over-year basis. On average, research analysts forecast that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.351 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.40 annualized dividend and a dividend yield of 0.95%. ITT's dividend payout ratio (DPR) is 22.26%.

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.