ITT Inc. (NYSE:ITT) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,435 shares of the conglomerate's stock after purchasing an additional 4,014 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.07% of ITT worth $7,778,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ITT. Pinebridge Investments L.P. raised its stake in shares of ITT by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 25,847 shares of the conglomerate's stock worth $3,693,000 after buying an additional 7,735 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of ITT by 4.5% in the fourth quarter. Stifel Financial Corp now owns 22,420 shares of the conglomerate's stock valued at $3,203,000 after purchasing an additional 965 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of ITT by 43.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 8,398 shares of the conglomerate's stock worth $1,200,000 after purchasing an additional 2,563 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in ITT by 45.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,674 shares of the conglomerate's stock valued at $811,000 after buying an additional 1,775 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. raised its holdings in shares of ITT by 9.9% in the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 105,358 shares of the conglomerate's stock worth $15,054,000 after acquiring an additional 9,476 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Trading Up 2.7 %

NYSE:ITT opened at $141.63 on Friday. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $161.13. The business's 50-day moving average is $131.74 and its two-hundred day moving average is $142.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. The firm has a market capitalization of $11.47 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The conglomerate reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $901.22 million. During the same quarter last year, the company earned $1.42 earnings per share. ITT's revenue for the quarter was up .3% on a year-over-year basis. Research analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be given a $0.351 dividend. 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 0.99%. ITT's payout ratio is currently 22.26%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group upped their target price on shares of ITT from $165.00 to $168.00 and gave the company a "buy" rating in a report on Friday, February 7th. StockNews.com downgraded ITT from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Stifel Nicolaus upped their price objective on shares of ITT from $148.00 to $161.00 and gave the company a "buy" rating in a research note on Friday. KeyCorp increased their price target on shares of ITT from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Citigroup lowered their price objective on shares of ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, ITT presently has an average rating of "Moderate Buy" and a consensus target price of $161.86.

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.

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