Swiss National Bank Has $19.31 Million Holdings in ITT Inc. (NYSE:ITT)

Swiss National Bank lowered its position in shares of ITT Inc. (NYSE:ITT) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,800 shares of the conglomerate’s stock after selling 19,300 shares during the quarter. Swiss National Bank’s holdings in ITT were worth $19,306,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ITT. AdvisorNet Financial Inc raised its holdings in shares of ITT by 101.0% during the fourth 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 grew its position in ITT by 81.7% during the third quarter. Clearstead Advisors LLC now owns 556 shares of the conglomerate’s stock valued at $54,000 after purchasing an additional 250 shares in the last quarter. Bfsg LLC purchased a new position in ITT during the fourth quarter valued at approximately $73,000. GAMMA Investing LLC purchased a new position in ITT during the fourth quarter valued at approximately $94,000. Finally, Fifth Third Bancorp grew its position in ITT by 20.1% during the third quarter. Fifth Third Bancorp now owns 1,263 shares of the conglomerate’s stock valued at $124,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

ITT has been the topic of a number of research analyst reports. DA Davidson boosted their price objective 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. Citigroup boosted their price objective 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. KeyCorp boosted 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. Stifel Nicolaus boosted their target price on shares of ITT from $141.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, UBS Group boosted their target price on shares of ITT from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Wednesday. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $138.38.

ITT Trading Up 1.1 %

ITT stock opened at $137.85 on Friday. ITT Inc. has a 52 week low of $75.82 and a 52 week high of $138.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.59. The firm has a market capitalization of $11.35 billion, a PE ratio of 27.03, a PEG ratio of 1.76 and a beta of 1.43. The business’s 50-day simple moving average is $130.20 and its 200-day simple moving average is $119.60.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, May 2nd. The conglomerate reported $1.42 EPS for the quarter, topping the consensus estimate of $1.36 by $0.06. The company had revenue of $910.60 million for the quarter, compared to the consensus estimate of $883.21 million. ITT had a return on equity of 18.21% and a net margin of 12.41%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 EPS. Equities research analysts forecast that ITT Inc. will post 5.8 earnings per share for the current 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 issued a dividend of $0.319 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.28 annualized dividend and a dividend yield of 0.93%. ITT’s payout ratio is 24.90%.

ITT 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.