Blair William & Co. IL Decreases Holdings in ITT Inc. (NYSE:ITT)

Blair William & Co. IL lowered its position in ITT Inc. (NYSE:ITT) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,878 shares of the conglomerate’s stock after selling 186 shares during the quarter. Blair William & Co. IL’s holdings in ITT were worth $3,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ITT. Lynx Investment Advisory bought a new position in shares of ITT during the second quarter valued at about $27,000. Rise Advisors LLC grew its position in ITT by 788.5% during the 1st quarter. Rise Advisors LLC now owns 231 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 205 shares during the last quarter. Headlands Technologies LLC purchased a new position in ITT in the 2nd quarter worth approximately $32,000. Brown Brothers Harriman & Co. bought a new stake in ITT in the second quarter valued at approximately $36,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of ITT by 71.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 348 shares of the conglomerate’s stock valued at $45,000 after purchasing an additional 145 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of ITT from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Stifel Nicolaus boosted their price target on ITT from $150.00 to $157.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, KeyCorp increased their price objective on ITT from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, ITT presently has a consensus rating of “Buy” and an average target price of $151.00.

ITT Trading Down 1.5 %

Shares of ITT stock opened at $144.51 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.55. The company has a fifty day moving average of $136.08 and a 200 day moving average of $132.77. The company has a market capitalization 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. ITT Inc. has a fifty-two week low of $91.94 and a fifty-two week high of $149.65.

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

ITT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd will be issued a $0.319 dividend. This represents a $1.28 annualized dividend and a dividend 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%.

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.