Dean Capital Management Purchases 201 Shares of ITT Inc. (NYSE:ITT)

Dean Capital Management grew its position in shares of ITT Inc. (NYSE:ITT) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,867 shares of the conglomerate’s stock after buying an additional 201 shares during the quarter. Dean Capital Management’s holdings in ITT were worth $1,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in ITT during the 4th quarter valued at $26,000. ORG Wealth Partners LLC purchased a new stake in shares of ITT during the fourth quarter valued at $30,000. Whipplewood Advisors LLC bought a new stake in ITT in the 4th quarter worth about $34,000. Quarry LP boosted its holdings in shares of ITT by 101.6% during the 4th quarter. Quarry LP now owns 248 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 125 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in shares of ITT by 79.1% during the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate’s stock valued at $59,000 after purchasing an additional 182 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. UBS Group lifted their target price on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, February 7th. StockNews.com downgraded shares of ITT from a “buy” rating to a “hold” rating in a report on Friday, April 25th. Citigroup reduced their target price on shares of ITT from $181.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. KeyCorp upped their target price 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. Finally, Stifel Nicolaus upped their target price on ITT from $148.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, ITT has a consensus rating of “Moderate Buy” and a consensus price target of $161.86.

ITT Stock Down 0.8 %

NYSE:ITT opened at $142.09 on Wednesday. The company’s 50-day simple moving average is $131.78 and its 200-day simple moving average is $142.54. The stock has a market capitalization of $11.50 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $161.13.

ITT (NYSE:ITT) last announced its earnings results on Thursday, May 1st. The conglomerate reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.01. ITT had a return on equity of 18.03% and a net margin of 14.27%. The firm had revenue of $913.00 million for the quarter, compared to the consensus estimate of $901.22 million. During the same period in the previous year, the business earned $1.42 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be given a $0.351 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Monday, June 2nd. ITT’s payout ratio is currently 22.26%.

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.