XTX Topco Ltd Takes Position in ITT Inc. (NYSE:ITT)

XTX Topco Ltd purchased a new position in shares of ITT Inc. (NYSE:ITT) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,398 shares of the conglomerate’s stock, valued at approximately $1,214,000.

Other large investors have also recently made changes to their positions in the company. Quarry LP grew its position in shares of ITT by 101.6% in the fourth quarter. Quarry LP now owns 248 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 125 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in ITT during the fourth quarter worth approximately $59,000. Versant Capital Management Inc boosted its stake in ITT by 3,513.3% during the first quarter. Versant Capital Management Inc now owns 542 shares of the conglomerate’s stock worth $70,000 after buying an additional 527 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in ITT by 13.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 749 shares of the conglomerate’s stock valued at $107,000 after buying an additional 87 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of ITT by 72.7% in the 1st quarter. Farther Finance Advisors LLC now owns 786 shares of the conglomerate’s stock worth $103,000 after acquiring an additional 331 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Trading Down 3.5%

Shares of ITT stock opened at $163.96 on Friday. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $170.16. The firm has a market cap of $12.90 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 2.14 and a beta of 1.38. The company has a 50-day moving average of $155.77 and a two-hundred day moving average of $145.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.80.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, July 31st. The conglomerate reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.02. ITT had a net margin of 13.99% and a return on equity of 18.08%. The firm had revenue of $972.40 million during the quarter, compared to analysts’ expectations of $947.48 million. During the same quarter last year, the company posted $1.49 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Tuesday, September 2nd will be paid a $0.351 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. ITT’s payout ratio is presently 22.26%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ITT. Bank of America boosted their price target on shares of ITT from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. Citigroup reaffirmed a “buy” rating and set a $186.00 target price (up from $159.00) on shares of ITT in a research note on Monday, July 14th. Wall Street Zen raised shares of ITT from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Stifel Nicolaus raised their price target on shares of ITT from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group lifted their price target on shares of ITT from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Monday, May 19th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $177.88.

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.