Two Sigma Investments LP Sells 5,848 Shares of ITT Inc. (NYSE:ITT)

Two Sigma Investments LP lessened its position in shares of ITT Inc. (NYSE:ITT - Free Report) by 50.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,803 shares of the conglomerate's stock after selling 5,848 shares during the period. Two Sigma Investments LP's holdings in ITT were worth $829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Select Equity Group L.P. lifted its holdings in shares of ITT by 7.7% during the 4th quarter. Select Equity Group L.P. now owns 4,564,926 shares of the conglomerate's stock worth $652,237,000 after acquiring an additional 326,947 shares during the period. Invesco Ltd. lifted its stake in ITT by 12.2% in the 4th quarter. Invesco Ltd. now owns 1,560,381 shares of the conglomerate's stock valued at $222,947,000 after purchasing an additional 169,054 shares during the last quarter. Alliancebernstein L.P. lifted its stake in ITT by 14.2% in the 4th quarter. Alliancebernstein L.P. now owns 1,366,576 shares of the conglomerate's stock valued at $195,256,000 after purchasing an additional 169,944 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in ITT by 17.7% in the 4th quarter. Nuveen Asset Management LLC now owns 1,139,303 shares of the conglomerate's stock valued at $162,784,000 after purchasing an additional 171,474 shares during the last quarter. Finally, Norges Bank bought a new position in ITT in the 4th quarter valued at approximately $134,433,000. Institutional investors own 91.59% of the company's stock.

ITT Trading Up 1.7%

ITT opened at $152.43 on Friday. The stock has a market cap of $12.00 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. ITT Inc. has a twelve month low of $105.64 and a twelve month high of $161.13. The company has a fifty day moving average of $138.31 and a 200-day moving average of $142.81. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings results 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 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 period last year, the firm earned $1.42 earnings per share. The firm's revenue was up .3% on a year-over-year basis. On average, sell-side analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be issued a dividend of $0.351 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 0.92%. ITT's dividend payout ratio (DPR) is presently 22.26%.

Analyst Ratings Changes

ITT has been the subject of several research reports. KeyCorp increased their price objective on shares of ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Citigroup decreased their price target on shares of ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group upped their price target on shares of ITT from $160.00 to $177.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Wall Street Zen upgraded shares of ITT from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Stifel Nicolaus upped their price target on shares of ITT from $161.00 to $171.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One investment 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, ITT has a consensus rating of "Moderate Buy" and a consensus 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.

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