SG Americas Securities LLC Has $318,000 Holdings in ITT Inc. (NYSE:ITT)

SG Americas Securities LLC decreased its position in ITT Inc. (NYSE:ITT - Free Report) by 89.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,663 shares of the conglomerate's stock after selling 23,056 shares during the quarter. SG Americas Securities LLC's holdings in ITT were worth $318,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ITT. IFP Advisors Inc boosted its position in ITT by 63.4% during the 3rd quarter. IFP Advisors Inc now owns 304 shares of the conglomerate's stock valued at $30,000 after purchasing an additional 118 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in ITT during the 3rd quarter worth $34,000. KB Financial Partners LLC acquired a new position in ITT during the 1st quarter worth $36,000. Clearstead Advisors LLC boosted its position in ITT by 81.7% during the 3rd quarter. Clearstead Advisors LLC now owns 556 shares of the conglomerate's stock worth $54,000 after acquiring an additional 250 shares during the period. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in ITT during the 4th quarter worth $57,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup boosted their price target on ITT from $139.00 to $157.00 and gave the stock a "buy" rating in a research report on Monday. DA Davidson boosted their price objective on ITT from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Tuesday, March 26th. StockNews.com downgraded ITT from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus boosted their price objective on ITT from $122.00 to $131.00 and gave the stock a "buy" rating in a research note on Tuesday, December 19th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $127.86.

ITT Trading Down 0.6 %

Shares of ITT stock traded down $0.86 on Tuesday, reaching $132.05. 402,739 shares of the company were exchanged, compared to its average volume of 361,133. The stock has a fifty day moving average price of $127.69 and a 200-day moving average price of $114.96. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.82 and a beta of 1.43. ITT Inc. has a fifty-two week low of $75.82 and a fifty-two week high of $138.29.

ITT (NYSE:ITT - Get Free Report) last announced its earnings results on Thursday, February 8th. The conglomerate reported $1.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.34. The company had revenue of $829.10 million for the quarter, compared to analyst estimates of $814.38 million. ITT had a return on equity of 17.91% and a net margin of 12.50%. ITT's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 earnings per share. On average, equities analysts anticipate that ITT Inc. will post 5.79 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were given a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a yield of 0.97%. This is a positive change from ITT's previous quarterly dividend of $0.29. The ex-dividend date was Thursday, March 7th. ITT's payout ratio is presently 25.81%.

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.