Nuveen Asset Management LLC Acquires 171,474 Shares of ITT Inc. (NYSE:ITT)

Nuveen Asset Management LLC lifted its holdings in ITT Inc. (NYSE:ITT - Free Report) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,139,303 shares of the conglomerate's stock after acquiring an additional 171,474 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.40% of ITT worth $162,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Rialto Wealth Management LLC bought a new stake in shares of ITT during the 4th quarter valued at $26,000. Whipplewood Advisors LLC acquired a new position in shares of ITT during the 4th quarter worth about $34,000. Quarry LP boosted its stake in shares of ITT by 101.6% during the 4th quarter. Quarry LP now owns 248 shares of the conglomerate's stock worth $35,000 after buying an additional 125 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of ITT by 79.1% during the 4th quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock worth $59,000 after buying an additional 182 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of ITT during the 4th quarter worth about $59,000. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Price Performance

Shares of NYSE ITT traded up $0.68 during trading hours on Monday, hitting $153.58. 680,012 shares of the stock were exchanged, compared to its average volume of 453,133. 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 market cap of $12.09 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company's fifty day simple moving average is $133.49 and its two-hundred day simple moving average is $142.71. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $161.13.

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

ITT Dividend Announcement

The business also recently announced 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 is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 0.91%. ITT's dividend payout ratio is currently 22.26%.

Analyst Ratings Changes

A number of research firms have recently commented on ITT. StockNews.com upgraded shares of ITT from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group upped their target price on shares of ITT from $160.00 to $177.00 and gave the company a "buy" rating in a report on Monday. Citigroup dropped their target price on shares of ITT from $181.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 14th. KeyCorp upped their target price on shares of ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Stifel Nicolaus upped their target price on shares of ITT from $161.00 to $171.00 and gave the company a "buy" rating in a report on Friday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.86.

About ITT

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.