10,814 Shares in ITT Inc. (NYSE:ITT) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. purchased a new position in ITT Inc. (NYSE:ITT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,814 shares of the conglomerate’s stock, valued at approximately $1,545,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ITT. Park Avenue Securities LLC lifted its stake in ITT by 36.8% in the fourth quarter. Park Avenue Securities LLC now owns 4,302 shares of the conglomerate’s stock worth $615,000 after acquiring an additional 1,157 shares during the period. Gateway Investment Advisers LLC lifted its stake in ITT by 3.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 12,055 shares of the conglomerate’s stock worth $1,722,000 after acquiring an additional 385 shares during the period. CGN Advisors LLC purchased a new stake in ITT in the fourth quarter worth $1,204,000. UMB Bank n.a. lifted its stake in ITT by 95.8% in the fourth quarter. UMB Bank n.a. now owns 464 shares of the conglomerate’s stock worth $66,000 after acquiring an additional 227 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in ITT by 0.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 136,800 shares of the conglomerate’s stock worth $19,546,000 after acquiring an additional 390 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup lowered their price objective on ITT from $181.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Stifel Nicolaus raised their price objective on ITT from $161.00 to $171.00 and gave the company a “buy” rating in a research report on Friday. KeyCorp raised their price objective on ITT from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. UBS Group raised their price objective on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, StockNews.com raised ITT from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.29.

ITT Price Performance

Shares of NYSE:ITT opened at $152.99 on Friday. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $161.13. 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 business has a fifty day moving average price of $133.49 and a 200-day moving average price of $142.69. The company has a market capitalization of $12.04 billion, a PE ratio of 24.28, a PEG ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, May 1st. The conglomerate reported $1.45 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $901.22 million. During the same period last year, the company earned $1.42 earnings per share. The company’s revenue was up .3% on a year-over-year basis. As a group, equities analysts expect that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.351 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.40 annualized dividend and a dividend yield of 0.92%. ITT’s payout ratio is presently 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.