Nebula Research & Development LLC Has $1.87 Million Position in ITT Inc. (NYSE:ITT)

Nebula Research & Development LLC lifted its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 420.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,114 shares of the conglomerate's stock after purchasing an additional 10,595 shares during the quarter. Nebula Research & Development LLC's holdings in ITT were worth $1,874,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of ITT during the third quarter valued at about $64,000. Tidal Investments LLC lifted its position in shares of ITT by 12.4% during the 3rd quarter. Tidal Investments LLC now owns 6,487 shares of the conglomerate's stock valued at $970,000 after acquiring an additional 716 shares during the period. GAMMA Investing LLC boosted its position in shares of ITT by 17.7% during the 4th quarter. GAMMA Investing LLC now owns 1,533 shares of the conglomerate's stock worth $219,000 after purchasing an additional 230 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in ITT in the fourth quarter valued at approximately $281,000. Finally, Fortem Financial Group LLC increased its position in shares of ITT by 2.2% during the fourth quarter. Fortem Financial Group LLC now owns 10,440 shares of the conglomerate's stock worth $1,492,000 after acquiring an additional 220 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on ITT. Stifel Nicolaus dropped their price objective on ITT from $179.00 to $148.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. StockNews.com lowered shares of ITT from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Citigroup cut their target price on ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. KeyCorp reduced their price target on ITT from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. 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 report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $158.57.

ITT Price Performance

ITT stock traded up $0.13 during trading hours on Wednesday, hitting $137.02. The stock had a trading volume of 539,659 shares, compared to its average volume of 448,741. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.89 and a beta of 1.36. The stock's fifty day moving average is $131.88 and its two-hundred day moving average is $142.90. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $161.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96.

ITT (NYSE:ITT - Get Free Report) last announced its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. As a group, analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were paid a $0.351 dividend. This represents a $1.40 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, March 6th. This is a positive change from ITT's previous quarterly dividend of $0.32. ITT's dividend payout ratio is currently 22.22%.

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.