Voya Investment Management LLC Sells 16,130 Shares of ITT Inc. (NYSE:ITT)

Voya Investment Management LLC decreased its holdings in ITT Inc. (NYSE:ITT - Free Report) by 56.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,219 shares of the conglomerate's stock after selling 16,130 shares during the period. Voya Investment Management LLC's holdings in ITT were worth $1,746,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ITT. Oppenheimer Asset Management Inc. grew its stake in shares of ITT by 0.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 11,486 shares of the conglomerate's stock worth $1,641,000 after buying an additional 81 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in ITT by 10.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the conglomerate's stock worth $183,000 after acquiring an additional 116 shares during the last quarter. Tectonic Advisors LLC increased its holdings in ITT by 4.2% in the 4th quarter. Tectonic Advisors LLC now owns 3,048 shares of the conglomerate's stock worth $435,000 after purchasing an additional 123 shares in the last quarter. CIBC Asset Management Inc raised its position in ITT by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,534 shares of the conglomerate's stock valued at $362,000 after purchasing an additional 125 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in shares of ITT by 3.5% during the fourth quarter. Savant Capital LLC now owns 4,081 shares of the conglomerate's stock valued at $583,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Analysts Set New Price Targets

ITT has been the subject of several recent research reports. Stifel Nicolaus upped their price objective on ITT from $148.00 to $161.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. KeyCorp raised their price target on shares of ITT from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. StockNews.com cut shares of ITT from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Citigroup lowered their target price on ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, UBS Group upped their price target on ITT from $165.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $161.86.

ITT Trading Down 0.5 %

Shares of NYSE:ITT traded down $0.67 during midday trading on Wednesday, reaching $141.29. The company's stock had a trading volume of 486,557 shares, compared to its average volume of 450,796. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $161.13. 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 firm has a 50 day moving average price of $131.79 and a two-hundred day moving average price of $142.53. The firm has a market capitalization of $11.44 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The conglomerate reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.01. The company had revenue of $913.00 million during the quarter, compared to analyst estimates of $901.22 million. ITT had a net margin of 14.27% and a return on equity of 18.03%. ITT's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.42 EPS. As a group, analysts forecast that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be paid a $0.351 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Monday, June 2nd. ITT's dividend payout ratio (DPR) is 22.26%.

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.