Natixis Advisors LLC Has $10.21 Million Stock Position in ITT Inc. (NYSE:ITT)

Natixis Advisors LLC raised its holdings in ITT Inc. (NYSE:ITT) by 1.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,488 shares of the conglomerate’s stock after buying an additional 1,176 shares during the quarter. Natixis Advisors LLC’s holdings in ITT were worth $10,214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ITT. Erste Asset Management GmbH raised its position in ITT by 10.6% in the 4th quarter. Erste Asset Management GmbH now owns 52,242 shares of the conglomerate’s stock valued at $7,466,000 after purchasing an additional 5,014 shares during the last quarter. Vestcor Inc bought a new position in ITT in the 4th quarter valued at $675,000. EverSource Wealth Advisors LLC raised its position in ITT by 10.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the conglomerate’s stock valued at $183,000 after purchasing an additional 116 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of ITT by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 27,066 shares of the conglomerate’s stock valued at $3,867,000 after buying an additional 1,462 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in shares of ITT in the 4th quarter valued at $6,010,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ITT shares. Citigroup lowered their target price on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Stifel Nicolaus lowered their target price on ITT from $180.00 to $179.00 and set a “buy” rating for the company in a research note on Friday, January 24th. StockNews.com raised ITT from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. UBS Group lifted their target price on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Wolfe Research began coverage on ITT in a research note on Wednesday, December 11th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.38.

ITT Stock Down 1.4 %

NYSE:ITT opened at $134.93 on Friday. ITT Inc. has a 1 year low of $121.01 and a 1 year high of $161.13. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.89 and a beta of 1.42. The stock has a 50-day moving average price of $143.70 and a two-hundred day moving average price of $145.78.

ITT (NYSE:ITT) last posted its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. As a group, equities analysts expect that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be paid a $0.351 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.04%. This is a boost from ITT’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, March 6th. ITT’s payout ratio is presently 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.