Savant Capital LLC Has $583,000 Stock Position in ITT Inc. (NYSE:ITT)

Savant Capital LLC boosted its position in shares of ITT Inc. (NYSE:ITT) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,081 shares of the conglomerate’s stock after purchasing an additional 137 shares during the period. Savant Capital LLC’s holdings in ITT were worth $583,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in ITT during the third quarter valued at about $26,000. Resources Management Corp CT ADV bought a new position in ITT during the third quarter valued at about $30,000. ORG Wealth Partners LLC bought a new position in ITT during the fourth quarter valued at about $30,000. Private Trust Co. NA raised its holdings in ITT by 232.2% during the third quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock valued at $45,000 after buying an additional 209 shares in the last quarter. Finally, Coastline Trust Co bought a new position in ITT during the third quarter valued at about $48,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ITT shares. UBS Group raised their target price on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a report on Friday, February 7th. Citigroup cut their target price on ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Robert W. Baird cut their target price on ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Wolfe Research assumed coverage on ITT in a research note on Wednesday, December 11th. They issued a “peer perform” rating on the stock. Finally, KeyCorp lifted their price objective on ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, ITT currently has an average rating of “Moderate Buy” and an average target price of $168.38.

ITT Stock Down 0.2 %

ITT stock opened at $147.58 on Monday. ITT Inc. has a twelve month low of $121.01 and a twelve month high of $161.13. The company has a market cap of $12.03 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41. The business’s 50-day simple moving average is $146.88 and its 200 day simple moving average is $145.12. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 0.08.

ITT (NYSE:ITT) last released its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. On average, research analysts anticipate that ITT Inc. will post 6.33 earnings per share for the current year.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be given a dividend of $0.351 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 0.95%. ITT’s dividend payout ratio (DPR) is 20.32%.

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.