Running Oak Capital LLC Has $10.49 Million Stock Position in ITT Inc. (NYSE:ITT)

Running Oak Capital LLC grew its stake in ITT Inc. (NYSE:ITT - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,879 shares of the conglomerate's stock after purchasing an additional 8,915 shares during the quarter. ITT makes up 2.1% of Running Oak Capital LLC's holdings, making the stock its 2nd biggest position. Running Oak Capital LLC owned about 0.11% of ITT worth $10,486,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Signaturefd LLC grew its position in shares of ITT by 8.2% in the fourth quarter. Signaturefd LLC now owns 1,150 shares of the conglomerate's stock valued at $137,000 after purchasing an additional 87 shares during the period. State of Michigan Retirement System boosted its position in ITT by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 19,729 shares of the conglomerate's stock worth $2,354,000 after acquiring an additional 100 shares during the last quarter. Round Rock Advisors LLC boosted its position in ITT by 0.5% during the fourth quarter. Round Rock Advisors LLC now owns 20,183 shares of the conglomerate's stock worth $2,408,000 after acquiring an additional 104 shares during the last quarter. Eagle Bluffs Wealth Management LLC boosted its position in ITT by 0.6% during the fourth quarter. Eagle Bluffs Wealth Management LLC now owns 18,820 shares of the conglomerate's stock worth $2,246,000 after acquiring an additional 114 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in ITT by 63.4% during the third quarter. IFP Advisors Inc now owns 304 shares of the conglomerate's stock worth $30,000 after acquiring an additional 118 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ITT shares. Citigroup boosted their price target on shares of ITT from $139.00 to $157.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. StockNews.com downgraded shares of ITT from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 6th. DA Davidson lifted their target price on shares of ITT from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Tuesday, March 26th. Stifel Nicolaus boosted their price target on shares of ITT from $141.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, April 17th. Finally, KeyCorp boosted their price target on shares of ITT from $136.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $135.57.

ITT Stock Down 3.7 %

NYSE ITT traded down $4.73 on Thursday, hitting $124.55. 1,150,479 shares of the stock were exchanged, compared to its average volume of 368,137. The company has a 50-day moving average price of $129.41 and a 200-day moving average price of $118.29. ITT Inc. has a fifty-two week low of $75.82 and a fifty-two week high of $138.29. The company has a market cap of $10.25 billion, a PE ratio of 26.07, a PEG ratio of 1.77 and a beta of 1.43.

ITT (NYSE:ITT - Get Free Report) last issued its earnings results on Thursday, February 8th. The conglomerate reported $1.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.34. ITT had a net margin of 12.50% and a return on equity of 17.91%. The business had revenue of $829.10 million during the quarter, compared to analysts' expectations of $814.38 million. During the same quarter in the prior year, the business posted $1.29 EPS. The company's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities research analysts predict that ITT Inc. will post 5.8 EPS for the current fiscal year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a $0.319 dividend. This represents a $1.28 annualized dividend and a yield of 1.02%. ITT's dividend payout ratio (DPR) is 25.81%.

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.