TD Waterhouse Canada Inc. Has $1.20 Million Stake in ITT Inc. (NYSE:ITT)

TD Waterhouse Canada Inc. lifted its position in ITT Inc. (NYSE:ITT - Free Report) by 43.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,398 shares of the conglomerate's stock after buying an additional 2,563 shares during the period. TD Waterhouse Canada Inc.'s holdings in ITT were worth $1,200,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in ITT in the 4th quarter valued at about $26,000. ORG Wealth Partners LLC bought a new stake in ITT during the fourth quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new stake in shares of ITT during the fourth quarter valued at $34,000. V Square Quantitative Management LLC boosted its position in shares of ITT by 79.1% in the 4th quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock valued at $59,000 after purchasing an additional 182 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in ITT by 291.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock worth $59,000 after purchasing an additional 309 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. KeyCorp reduced their price target on shares of ITT from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. StockNews.com lowered ITT from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Citigroup reduced their price target on shares of ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group upped their target price on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Stifel Nicolaus reduced their price target on ITT from $179.00 to $148.00 and set a "buy" rating for the company in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, ITT presently has an average rating of "Moderate Buy" and a consensus price target of $158.57.

ITT Price Performance

ITT stock traded down $1.37 during trading hours on Wednesday, hitting $135.52. 110,464 shares of the stock were exchanged, compared to its average volume of 563,481. The business's 50-day moving average is $131.88 and its two-hundred day moving average is $142.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $161.13. The stock has a market capitalization of $10.97 billion, a P/E ratio of 21.51, a P/E/G ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 6th were issued a $0.351 dividend. This is a positive change from ITT's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.04%. The ex-dividend date was Thursday, March 6th. ITT's dividend payout ratio is currently 22.22%.

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.