Natixis Advisors L.P. trimmed its holdings in shares of ITT Inc. (NYSE:ITT - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,513 shares of the conglomerate's stock after selling 11,896 shares during the quarter. Natixis Advisors L.P. owned approximately 0.08% of ITT worth $7,458,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the business. FMR LLC lifted its stake in shares of ITT by 1.9% during the third quarter. FMR LLC now owns 7,581,649 shares of the conglomerate's stock worth $742,319,000 after buying an additional 144,394 shares during the period. Massachusetts Financial Services Co. MA lifted its position in ITT by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,732,008 shares of the conglomerate's stock valued at $169,581,000 after purchasing an additional 5,495 shares during the period. Ameriprise Financial Inc. lifted its position in ITT by 1.1% during the third quarter. Ameriprise Financial Inc. now owns 1,354,082 shares of the conglomerate's stock valued at $132,581,000 after purchasing an additional 14,857 shares during the period. Invesco Ltd. grew its position in ITT by 46.6% during the 3rd quarter. Invesco Ltd. now owns 614,131 shares of the conglomerate's stock worth $60,130,000 after purchasing an additional 195,111 shares during the period. Finally, Westfield Capital Management Co. LP grew its position in ITT by 7.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 602,444 shares of the conglomerate's stock worth $58,985,000 after purchasing an additional 40,612 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.
ITT Trading Up 0.1 %
ITT stock traded up $0.14 during trading on Friday, reaching $137.99. 473,396 shares of the company were exchanged, compared to its average volume of 382,351. The stock's 50 day simple moving average is $130.20 and its two-hundred day simple moving average is $119.60. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.08. The company has a market capitalization of $11.36 billion, a P/E ratio of 27.03, a PEG ratio of 1.76 and a beta of 1.43. ITT Inc. has a 52-week low of $75.82 and a 52-week high of $139.19.
ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The conglomerate reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.06. The business had revenue of $910.60 million during the quarter, compared to analysts' expectations of $883.21 million. ITT had a net margin of 12.41% and a return on equity of 18.21%. The business's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the business earned $1.17 earnings per share. On average, equities research analysts expect that ITT Inc. will post 5.8 earnings per share for the current fiscal year.
ITT Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, June 3rd. ITT's dividend payout ratio (DPR) is presently 24.90%.
Analyst Ratings Changes
A number of brokerages have issued reports on ITT. StockNews.com downgraded ITT from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 6th. UBS Group boosted their price objective on ITT from $135.00 to $158.00 and gave the company a "buy" rating in a research report on Wednesday. Stifel Nicolaus boosted their price objective on ITT from $141.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, April 17th. DA Davidson boosted their price objective on ITT from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Tuesday, March 26th. Finally, Citigroup boosted their price objective on ITT from $139.00 to $157.00 and gave the company a "buy" rating in a research report on Monday, April 8th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $138.38.
Check Out Our Latest Stock Report on ITT
ITT Profile
(
Free Report)
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.
Further Reading
Before you consider ITT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITT wasn't on the list.
While ITT currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
