Vanguard Group Inc. Increases Position in ITT Inc. (NYSE:ITT)

Vanguard Group Inc. increased its stake in shares of ITT Inc. (NYSE:ITT) by 0.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,352,385 shares of the conglomerate’s stock after acquiring an additional 3,520 shares during the period. Vanguard Group Inc. owned approximately 0.10% of ITT worth $1,193,389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ITT. Rialto Wealth Management LLC purchased a new position in shares of ITT in the 4th quarter valued at approximately $26,000. Resources Management Corp CT ADV purchased a new position in ITT in the 3rd quarter valued at $30,000. ORG Wealth Partners LLC acquired a new position in ITT in the 4th quarter valued at $30,000. Whipplewood Advisors LLC purchased a new position in ITT during the 4th quarter worth $34,000. Finally, Private Trust Co. NA lifted its stake in shares of ITT by 232.2% in the 3rd quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock worth $45,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ITT shares. StockNews.com raised shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. UBS Group increased their target price on ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Wolfe Research initiated coverage on ITT in a research note on Wednesday, December 11th. They issued a “peer perform” rating on the stock. Citigroup cut their price objective on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Stifel Nicolaus decreased their target price on shares of ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.29.

ITT Stock Down 2.7 %

ITT opened at $134.26 on Friday. 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 company has a market cap of $10.93 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 1.89 and a beta of 1.42. ITT Inc. has a one year low of $121.01 and a one year high of $161.13. The business’s fifty day moving average is $143.08 and its two-hundred day moving average is $145.93.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. Analysts anticipate that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be given a dividend of $0.351 per share. This is an increase from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, March 6th. ITT’s 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.