ITT Inc. (NYSE:ITT) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. reduced its position in shares of ITT Inc. (NYSE:ITT) by 16.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 62,513 shares of the conglomerate’s stock after selling 11,896 shares during the quarter. Natixis Advisors L.P.’s holdings in ITT were worth $7,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc raised 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 worth $48,000 after purchasing an additional 204 shares during the period. Clearstead Advisors LLC increased its position in ITT by 81.7% in the third quarter. Clearstead Advisors LLC now owns 556 shares of the conglomerate’s stock worth $54,000 after buying an additional 250 shares during the period. Bfsg LLC bought a new stake in ITT in the fourth quarter valued at $73,000. GAMMA Investing LLC acquired a new position in shares of ITT during the fourth quarter valued at $94,000. Finally, Signaturefd LLC grew its position in shares of ITT by 8.2% during the fourth quarter. Signaturefd LLC now owns 1,150 shares of the conglomerate’s stock worth $137,000 after acquiring an additional 87 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ITT. KeyCorp lifted their price objective 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. Citigroup boosted their price objective on ITT from $139.00 to $157.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Stifel Nicolaus raised their target price on ITT from $141.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. DA Davidson lifted their target price on ITT from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Finally, UBS Group increased their price target on ITT from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $138.38.

ITT Trading Up 1.1 %

Shares of ITT stock opened at $137.85 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The stock has a 50-day simple moving average of $130.20 and a 200 day simple moving average of $119.60. ITT Inc. has a fifty-two week low of $75.82 and a fifty-two week high of $138.80. The stock has a market capitalization of $11.35 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.76 and a beta of 1.43.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, May 2nd. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.06. ITT had a net margin of 12.41% and a return on equity of 18.21%. The company had revenue of $910.60 million for the quarter, compared to analysts’ expectations of $883.21 million. During the same quarter in the previous year, the company posted $1.17 EPS. The business’s revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts expect that ITT Inc. will post 5.8 earnings per share for the current fiscal year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Monday, June 3rd. ITT’s dividend payout ratio is presently 24.90%.

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.