Hancock Whitney Corp Has $2.05 Million Stock Holdings in ITT Inc. (NYSE:ITT)

Hancock Whitney Corp reduced its position in ITT Inc. (NYSE:ITT) by 1.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,903 shares of the conglomerate’s stock after selling 182 shares during the period. Hancock Whitney Corp’s holdings in ITT were worth $2,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board bought a new stake in ITT during the 4th quarter worth about $992,000. Vanguard Group Inc. lifted its holdings in ITT by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 8,463,809 shares of the conglomerate’s stock valued at $1,009,902,000 after buying an additional 65,173 shares during the period. SageView Advisory Group LLC boosted its stake in ITT by 383.3% in the first quarter. SageView Advisory Group LLC now owns 9,666 shares of the conglomerate’s stock valued at $1,315,000 after acquiring an additional 7,666 shares during the last quarter. Norges Bank bought a new position in ITT in the fourth quarter valued at approximately $102,709,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in ITT by 6.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,105 shares of the conglomerate’s stock worth $14,706,000 after acquiring an additional 6,143 shares during the period. Institutional investors own 91.59% of the company’s stock.

ITT Trading Down 1.5 %

NYSE ITT opened at $144.51 on Friday. ITT Inc. has a one year low of $91.94 and a one year high of $149.65. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.10. The firm has a market cap of $11.89 billion, a P/E ratio of 28.34, a P/E/G ratio of 1.71 and a beta of 1.40. The stock’s 50-day moving average is $136.08 and its 200-day moving average is $132.74.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, August 1st. The conglomerate reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. ITT had a net margin of 12.47% and a return on equity of 18.30%. The firm had revenue of $905.90 million for the quarter, compared to analyst estimates of $916.38 million. During the same quarter in the previous year, the firm posted $1.33 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that ITT Inc. will post 5.84 earnings per share for the current fiscal year.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.319 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Tuesday, September 3rd. ITT’s dividend payout ratio (DPR) is presently 24.90%.

Analyst Ratings Changes

ITT has been the topic of several recent research reports. Stifel Nicolaus raised their price target on ITT from $150.00 to $157.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. TD Cowen raised their target price on ITT from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, KeyCorp upped their price target on ITT from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $151.00.

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.