Woodline Partners LP Raises Stock Holdings in ITT Inc. (NYSE:ITT)

Woodline Partners LP boosted its stake in ITT Inc. (NYSE:ITT - Free Report) by 228.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 117,384 shares of the conglomerate's stock after acquiring an additional 81,693 shares during the quarter. Woodline Partners LP owned 0.14% of ITT worth $16,772,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new stake in ITT in the 4th quarter valued at $26,000. Whipplewood Advisors LLC acquired a new stake in ITT in the 4th quarter valued at $34,000. Quarry LP grew its stake in ITT by 101.6% in the 4th quarter. Quarry LP now owns 248 shares of the conglomerate's stock valued at $35,000 after acquiring an additional 125 shares during the period. V Square Quantitative Management LLC grew its stake in ITT by 79.1% in the 4th quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock valued at $59,000 after acquiring an additional 182 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in ITT by 291.5% in the 4th 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. Institutional investors and hedge funds own 91.59% of the company's stock.

ITT Trading Down 0.6%

Shares of NYSE ITT traded down $0.83 during trading on Friday, hitting $147.43. 380,826 shares of the company were exchanged, compared to its average volume of 457,560. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $161.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The company has a fifty day moving average price of $135.15 and a 200-day moving average price of $142.92. The firm has a market capitalization of $11.60 billion, a PE ratio of 23.40, a P/E/G ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT - Get Free Report) last posted 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 return on equity of 18.03% and a net margin of 14.27%. The business had revenue of $913.00 million for the quarter, compared to analyst estimates of $901.22 million. During the same quarter in the previous year, the firm earned $1.42 EPS. The company's quarterly revenue was up .3% compared to the same quarter last year. As a group, equities research analysts expect that ITT Inc. will post 6.51 EPS for the current year.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be issued 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 is presently 22.26%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ITT shares. KeyCorp lifted their price target 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 lowered their target price 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. The Goldman Sachs Group lifted their target price on shares of ITT from $160.00 to $177.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Bank of America lifted their target price on shares of ITT from $145.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, UBS Group lifted their target price on shares of ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, ITT has an average rating of "Moderate Buy" and an average 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.