ITT Inc. (NYSE:ITT) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,049 shares of the conglomerate's stock after acquiring an additional 1,659 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in ITT were worth $1,293,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Rialto Wealth Management LLC purchased a new stake in ITT during the 4th quarter worth about $26,000. Whipplewood Advisors LLC acquired a new position in ITT during the fourth quarter worth $34,000. Quarry LP raised its holdings in shares of ITT by 101.6% in the fourth quarter. Quarry LP now owns 248 shares of the conglomerate's stock worth $35,000 after acquiring an additional 125 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of ITT by 79.1% in the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock valued at $59,000 after purchasing an additional 182 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in ITT by 291.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock valued at $59,000 after acquiring an additional 309 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Stock Up 0.6%

Shares of NYSE:ITT traded up $0.84 during midday trading on Wednesday, reaching $152.56. The company's stock had a trading volume of 369,278 shares, compared to its average volume of 449,429. The firm has a 50 day moving average of $140.12 and a 200-day moving average of $142.74. The firm has a market capitalization of $12.01 billion, a P/E ratio of 24.22, a PEG ratio of 1.89 and a beta of 1.35. 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 Inc. has a 12-month low of $105.64 and a 12-month high of $161.13.

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

ITT Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on ITT shares. The Goldman Sachs Group upped their price objective on ITT from $160.00 to $177.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Citigroup dropped their price target on shares of ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus raised their price target on ITT from $161.00 to $171.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Wall Street Zen upgraded shares of ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, KeyCorp lifted their target price 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. 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 price target of $165.50.

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.