Jump Financial LLC Has $997,000 Stake in ITT Inc. (NYSE:ITT)

Jump Financial LLC increased its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 92.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,979 shares of the conglomerate's stock after buying an additional 3,345 shares during the period. Jump Financial LLC's holdings in ITT were worth $997,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Sanctuary Advisors LLC boosted its holdings in ITT by 6.0% in the third quarter. Sanctuary Advisors LLC now owns 3,951 shares of the conglomerate's stock valued at $626,000 after purchasing an additional 225 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of ITT in the third quarter valued at about $64,000. Tidal Investments LLC increased its position in ITT by 12.4% during the third quarter. Tidal Investments LLC now owns 6,487 shares of the conglomerate's stock worth $970,000 after buying an additional 716 shares in the last quarter. GAMMA Investing LLC increased its position in 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. Finally, Everence Capital Management Inc. acquired a new position in shares of ITT in the fourth quarter valued at approximately $281,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Citigroup lowered their price objective on ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 14th. StockNews.com cut ITT from a "buy" rating to a "hold" rating in a report on Friday. KeyCorp cut their price objective on shares of ITT from $170.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus dropped their price target on shares of ITT from $179.00 to $148.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, UBS Group increased their price target 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.57.

ITT Trading Down 0.3 %

ITT stock traded down $0.35 during midday trading on Friday, reaching $137.18. 832,166 shares of the company's stock traded hands, compared to its average volume of 444,684. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $161.13. The business has a 50-day moving average price of $132.34 and a two-hundred day moving average price of $143.15. The company has a market capitalization of $11.11 billion, a P/E ratio of 21.77, a PEG ratio of 1.89 and a beta of 1.36. 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 released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share 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%. Equities research analysts forecast that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

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

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.