ITT Inc. (NYSE:ITT) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its stake in ITT Inc. (NYSE:ITT) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,407 shares of the conglomerate’s stock after selling 157 shares during the period. Deutsche Bank AG’s holdings in ITT were worth $1,487,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC acquired a new position in shares of ITT in the fourth quarter worth $26,000. Whipplewood Advisors LLC acquired a new position in shares of ITT in the fourth quarter worth $34,000. Quarry LP grew its stake in shares of ITT by 101.6% in the fourth quarter. Quarry LP now owns 248 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 125 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of ITT by 79.1% in the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate’s stock worth $59,000 after acquiring an additional 182 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of ITT by 291.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate’s stock worth $59,000 after acquiring an additional 309 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Price Performance

Shares of ITT opened at $147.43 on Friday. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $161.13. The stock has a market cap of $11.60 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. The firm has a fifty day moving average price of $135.15 and a 200 day moving average price of $142.92.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, May 1st. The conglomerate reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.01. ITT had a net margin of 14.27% and a return on equity of 18.03%. The firm had revenue of $913.00 million during the quarter, compared to analysts’ expectations of $901.22 million. During the same period in the previous year, the company earned $1.42 earnings per share. ITT’s quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that ITT Inc. will post 6.51 EPS for the current year.

ITT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be paid a $0.351 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 0.95%. ITT’s dividend payout ratio is presently 22.26%.

Wall Street Analyst Weigh In

Several research firms have commented on ITT. KeyCorp boosted their price target on shares of ITT from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. UBS Group lifted their price objective on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Citigroup decreased their price objective on shares of ITT from $181.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group lifted their price objective on shares of ITT from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Monday, May 19th. Finally, Stifel Nicolaus lifted their price objective on shares of ITT from $161.00 to $171.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.50.

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.