Signaturefd LLC Purchases 87 Shares of ITT Inc. (NYSE:ITT)

Signaturefd LLC grew its position in ITT Inc. (NYSE:ITT) by 8.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,150 shares of the conglomerate’s stock after buying an additional 87 shares during the period. Signaturefd LLC’s holdings in ITT were worth $137,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of ITT by 63.4% in the 3rd quarter. IFP Advisors Inc now owns 304 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares during the last quarter. AdvisorNet Financial Inc lifted its position in shares of ITT by 101.0% during the 4th quarter. AdvisorNet Financial Inc now owns 406 shares of the conglomerate’s stock valued at $48,000 after acquiring an additional 204 shares during the period. Clearstead Advisors LLC lifted its position in shares of ITT by 81.7% during the 3rd quarter. Clearstead Advisors LLC now owns 556 shares of the conglomerate’s stock valued at $54,000 after acquiring an additional 250 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of ITT by 30.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,076 shares of the conglomerate’s stock valued at $105,000 after acquiring an additional 253 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of ITT by 20.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,263 shares of the conglomerate’s stock valued at $124,000 after acquiring an additional 211 shares during the period. 91.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ITT shares. Citigroup boosted their target price on shares of ITT from $139.00 to $157.00 and gave the company a “buy” rating in a research report on Monday, April 8th. StockNews.com downgraded shares of ITT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 6th. KeyCorp boosted their target price on shares of ITT from $136.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. DA Davidson boosted their target price on shares of ITT from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Finally, Stifel Nicolaus upped their price objective on shares of ITT from $141.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $135.57.

ITT Trading Up 0.8 %

ITT opened at $131.20 on Monday. The company’s fifty day moving average price is $128.97 and its two-hundred day moving average price is $117.76. The company has a market cap of $10.79 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 1.80 and a beta of 1.43. ITT Inc. has a 1-year low of $75.82 and a 1-year high of $138.29.

ITT (NYSE:ITT) last announced its earnings results on Thursday, February 8th. The conglomerate reported $1.34 EPS for the quarter, meeting the consensus estimate of $1.34. The company had revenue of $829.10 million during the quarter, compared to the consensus estimate of $814.38 million. ITT had a net margin of 12.50% and a return on equity of 17.91%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 earnings per share. As a group, equities analysts forecast that ITT Inc. will post 5.8 earnings per share for the current fiscal year.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were issued a $0.319 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.28 annualized dividend and a dividend yield of 0.97%. This is an increase from ITT’s previous quarterly dividend of $0.29. ITT’s dividend payout ratio is currently 25.81%.

ITT Company Profile

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.