ITT Inc. (NYSE:ITT) Stock Position Lifted by iSAM Funds UK Ltd

iSAM Funds UK Ltd grew its position in ITT Inc. (NYSE:ITT) by 40.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,868 shares of the conglomerate’s stock after acquiring an additional 1,407 shares during the quarter. iSAM Funds UK Ltd’s holdings in ITT were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its stake in ITT by 0.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 11,486 shares of the conglomerate’s stock worth $1,641,000 after purchasing an additional 81 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in ITT by 13.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 749 shares of the conglomerate’s stock worth $107,000 after purchasing an additional 87 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in ITT by 10.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the conglomerate’s stock worth $183,000 after purchasing an additional 116 shares during the last quarter. Tectonic Advisors LLC lifted its stake in ITT by 4.2% during the fourth quarter. Tectonic Advisors LLC now owns 3,048 shares of the conglomerate’s stock worth $435,000 after purchasing an additional 123 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in ITT by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,534 shares of the conglomerate’s stock worth $362,000 after purchasing an additional 125 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ITT shares. The Goldman Sachs Group raised their price objective on ITT from $160.00 to $177.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp raised their target price on ITT from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Citigroup cut their target price on ITT from $181.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. UBS Group raised their target price on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Stifel Nicolaus raised their target price on ITT from $161.00 to $171.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, ITT has a consensus rating of “Moderate Buy” and a consensus price target of $164.86.

ITT Price Performance

Shares of ITT opened at $153.58 on Tuesday. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 24.38, 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 quick ratio of 0.96 and a current ratio of 1.40. ITT Inc. has a one year low of $105.64 and a one year high of $161.13. The stock’s fifty day moving average is $133.92 and its 200-day moving average is $142.80.

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

ITT Announces Dividend

The firm 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, June 2nd. ITT’s dividend payout ratio (DPR) is 22.26%.

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.