ITT Inc. (NYSE:ITT) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in ITT Inc. (NYSE:ITT) by 5.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 954,809 shares of the conglomerate’s stock after acquiring an additional 50,329 shares during the period. Dimensional Fund Advisors LP owned about 1.16% of ITT worth $123,338,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ITT. Mawer Investment Management Ltd. acquired a new position in shares of ITT in the second quarter worth about $49,043,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of ITT by 73.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 681,839 shares of the conglomerate’s stock worth $92,751,000 after acquiring an additional 288,671 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of ITT by 12.5% during the first quarter. Westfield Capital Management Co. LP now owns 723,617 shares of the conglomerate’s stock worth $98,434,000 after purchasing an additional 80,652 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of ITT by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 8,463,809 shares of the conglomerate’s stock worth $1,009,902,000 after purchasing an additional 65,173 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in shares of ITT by 979.6% during the first quarter. Jupiter Asset Management Ltd. now owns 61,084 shares of the conglomerate’s stock worth $8,309,000 after purchasing an additional 55,426 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Stock Performance

ITT stock opened at $144.51 on Monday. The firm has a 50 day simple moving average of $136.08 and a 200-day simple moving average of $132.77. ITT Inc. has a 1-year low of $91.94 and a 1-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 stock has a market cap of $11.89 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40.

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

ITT Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.28 annualized dividend and a dividend yield of 0.88%. ITT’s dividend payout ratio is currently 24.90%.

Analyst Ratings Changes

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

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.