Capital International Ltd. CA Takes $1.48 Million Position in ITT Inc. (NYSE:ITT)

Capital International Ltd. CA purchased a new stake in shares of ITT Inc. (NYSE:ITTGet Rating) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 19,734 shares of the conglomerate’s stock, valued at approximately $1,484,000.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its position in ITT by 24.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 3,950 shares of the conglomerate’s stock worth $404,000 after buying an additional 767 shares during the last quarter. HighTower Advisors LLC lifted its position in ITT by 11.7% in the 4th quarter. HighTower Advisors LLC now owns 3,222 shares of the conglomerate’s stock worth $330,000 after buying an additional 337 shares during the last quarter. Teacher Retirement System of Texas lifted its position in ITT by 19.0% in the 4th quarter. Teacher Retirement System of Texas now owns 16,600 shares of the conglomerate’s stock worth $1,696,000 after buying an additional 2,654 shares during the last quarter. Citigroup Inc. lifted its position in ITT by 8.1% in the 4th quarter. Citigroup Inc. now owns 13,128 shares of the conglomerate’s stock worth $1,341,000 after buying an additional 989 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in ITT by 1.3% in the 4th quarter. Rhumbline Advisers now owns 224,810 shares of the conglomerate’s stock worth $22,973,000 after buying an additional 2,926 shares during the last quarter. Institutional investors own 91.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on ITT shares. Cowen lowered their price objective on ITT from $105.00 to $92.00 in a research report on Monday, June 13th. Cowen lowered their price objective on ITT from $105.00 to $92.00 and set an “outperform” rating for the company in a research report on Monday, June 13th. Bank of America downgraded ITT from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $113.00 to $74.00 in a research report on Monday, July 11th. TheStreet upgraded ITT from a “c+” rating to a “b-” rating in a research report on Tuesday, August 23rd. Finally, Citigroup boosted their price objective on ITT to $90.00 in a research report on Monday, August 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.20.

ITT Stock Down 0.5 %

Shares of ITT stock opened at $73.39 on Thursday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.40 and a beta of 1.46. The business’s fifty day moving average is $74.29 and its 200 day moving average is $73.60. ITT Inc. has a twelve month low of $63.77 and a twelve month high of $105.54.

ITT (NYSE:ITTGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The conglomerate reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. ITT had a return on equity of 16.13% and a net margin of 12.01%. The company had revenue of $733.30 million for the quarter, compared to analysts’ expectations of $715.19 million. During the same period in the prior year, the firm earned $0.94 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts expect that ITT Inc. will post 4.43 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be paid a $0.264 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.44%. ITT’s dividend payout ratio is currently 26.63%.

Insider Transactions at ITT

In other news, SVP Mary Elizabeth Gustafsson sold 3,206 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $81.95, for a total value of $262,731.70. Following the sale, the senior vice president now directly owns 53,477 shares of the company’s stock, valued at $4,382,440.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

About ITT

(Get Rating)

ITT Inc manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets worldwide. The company operates through three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. 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.

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Institutional Ownership by Quarter for ITT (NYSE:ITT)

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