ITT Inc. (NYSE:ITT) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in shares of ITT Inc. (NYSE:ITT) by 16,832.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,054 shares of the conglomerate’s stock after purchasing an additional 13,971 shares during the period. International Assets Investment Management LLC’s holdings in ITT were worth $2,101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ITT. Select Equity Group L.P. increased its position in ITT by 11.7% in the 2nd quarter. Select Equity Group L.P. now owns 3,340,392 shares of the conglomerate’s stock valued at $431,512,000 after acquiring an additional 351,206 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of ITT by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 954,809 shares of the conglomerate’s stock worth $123,338,000 after purchasing an additional 50,329 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of ITT by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 828,000 shares of the conglomerate’s stock worth $106,961,000 after purchasing an additional 3,370 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of ITT by 12.5% during the first quarter. Westfield Capital Management Co. LP now owns 723,617 shares of the conglomerate’s stock worth $98,434,000 after purchasing an additional 80,652 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of ITT by 73.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 681,839 shares of the conglomerate’s stock valued at $92,751,000 after acquiring an additional 288,671 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Trading Up 0.3 %

Shares of NYSE ITT opened at $140.53 on Monday. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 1.86 and a beta of 1.41. The stock’s 50 day simple moving average is $142.94 and its 200 day simple moving average is $136.26. The company has a current ratio of 1.58, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. ITT Inc. has a 12-month low of $95.53 and a 12-month high of $153.99.

ITT (NYSE:ITT) last posted its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, topping the consensus estimate of $1.43 by $0.03. ITT had a net margin of 13.67% and a return on equity of 17.98%. The firm had revenue of $885.20 million during the quarter, compared to analysts’ expectations of $884.50 million. During the same quarter in the prior year, the firm earned $1.37 EPS. ITT’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts expect that ITT Inc. will post 5.82 EPS for the current year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.319 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a yield of 0.91%. ITT’s dividend payout ratio (DPR) is 21.84%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. KeyCorp boosted their target price on ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Robert W. Baird lowered their price target on shares of ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their price objective on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Stifel Nicolaus upped their target price on shares of ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, TD Cowen lifted their price target on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, ITT has a consensus rating of “Buy” and an average target price of $157.78.

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.