Universal Beteiligungs und Servicegesellschaft mbH Takes Position in ITT Inc. (NYSE:ITT)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of ITT Inc. (NYSE:ITT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 31,245 shares of the conglomerate's stock, valued at approximately $4,036,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ITT. Y Intercept Hong Kong Ltd purchased a new stake in shares of ITT in the 1st quarter worth approximately $1,214,000. Allianz Asset Management GmbH lifted its position in shares of ITT by 7.8% in the 1st quarter. Allianz Asset Management GmbH now owns 55,274 shares of the conglomerate's stock worth $7,139,000 after purchasing an additional 4,018 shares during the period. Twin Capital Management Inc. purchased a new stake in shares of ITT in the 1st quarter worth approximately $714,000. IFP Advisors Inc lifted its position in shares of ITT by 330.9% in the 1st quarter. IFP Advisors Inc now owns 1,728 shares of the conglomerate's stock worth $223,000 after purchasing an additional 1,327 shares during the period. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of ITT in the 1st quarter worth approximately $291,000. Institutional investors own 91.59% of the company's stock.

ITT Price Performance

ITT stock traded down $5.32 during mid-day trading on Friday, reaching $164.64. 255,686 shares of the company traded hands, compared to its average volume of 519,966. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $170.16. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The firm's fifty day moving average is $155.44 and its two-hundred day moving average is $144.94.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The conglomerate reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.02. ITT had a net margin of 14.19% and a return on equity of 17.75%. The business had revenue of $972.40 million for the quarter, compared to analyst estimates of $947.48 million. During the same quarter in the prior year, the business posted $1.49 EPS. ITT's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts predict that ITT Inc. will post 6.51 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ITT. The Goldman Sachs Group upped their price target on shares of 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 upped their price target on shares of ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Stifel Nicolaus boosted their price objective on shares of ITT from $197.00 to $202.00 and gave the stock a "buy" rating in a research note on Friday. KeyCorp boosted their price objective on shares of ITT from $180.00 to $192.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Wall Street Zen upgraded shares of ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $177.88.

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.