Vanguard Personalized Indexing Management LLC Grows Position in ITT Inc. (NYSE:ITT)

Vanguard Personalized Indexing Management LLC boosted its holdings in ITT Inc. (NYSE:ITT) by 7.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,696 shares of the conglomerate’s stock after buying an additional 605 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in ITT were worth $1,123,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Bluffs Wealth Management LLC raised its holdings in shares of ITT by 0.4% during the second quarter. Eagle Bluffs Wealth Management LLC now owns 18,973 shares of the conglomerate’s stock valued at $2,457,000 after purchasing an additional 82 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in ITT by 4.7% during the 1st quarter. HBK Sorce Advisory LLC now owns 2,306 shares of the conglomerate’s stock valued at $314,000 after buying an additional 104 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of ITT by 38.7% in the 2nd quarter. Blue Trust Inc. now owns 423 shares of the conglomerate’s stock worth $58,000 after buying an additional 118 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of ITT by 2.7% in the second quarter. Private Advisor Group LLC now owns 4,608 shares of the conglomerate’s stock worth $595,000 after acquiring an additional 122 shares during the period. Finally, Bleakley Financial Group LLC increased its position in ITT by 5.3% during the first quarter. Bleakley Financial Group LLC now owns 2,840 shares of the conglomerate’s stock valued at $386,000 after acquiring an additional 143 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

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

ITT Trading Up 0.9 %

ITT stock opened at $145.88 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. ITT Inc. has a 12-month low of $91.94 and a 12-month high of $149.65. The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 1.71 and a beta of 1.40. The firm has a 50 day moving average of $136.25 and a 200 day moving average of $132.90.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, August 1st. The conglomerate reported $1.49 EPS for the quarter, beating the consensus estimate of $1.46 by $0.03. The firm had revenue of $905.90 million for the quarter, compared to the consensus estimate of $916.38 million. ITT had a net margin of 12.47% and a return on equity of 18.30%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.33 EPS. As a group, research analysts predict that ITT Inc. will post 5.84 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd will be paid a $0.319 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Tuesday, September 3rd. ITT’s dividend payout ratio (DPR) is 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.