GAMMA Investing LLC Has $219,000 Position in ITT Inc. (NYSE:ITT)

GAMMA Investing LLC grew its stake in ITT Inc. (NYSE:ITT) by 17.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,533 shares of the conglomerate’s stock after buying an additional 230 shares during the period. GAMMA Investing LLC’s holdings in ITT were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in ITT during the 3rd quarter valued at approximately $26,000. Resources Management Corp CT ADV bought a new stake in shares of ITT in the 3rd quarter valued at $30,000. UMB Bank n.a. increased its position in shares of ITT by 315.8% during the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock worth $35,000 after buying an additional 180 shares during the period. Headlands Technologies LLC acquired a new position in ITT in the second quarter valued at $32,000. Finally, Brown Brothers Harriman & Co. bought a new stake in ITT during the second quarter valued at $36,000. 91.59% of the stock is currently owned by institutional investors.

ITT Stock Performance

ITT opened at $143.58 on Wednesday. ITT Inc. has a 1-year low of $114.24 and a 1-year high of $161.13. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 1.95 and a beta of 1.41. The company’s fifty day moving average price is $149.76 and its two-hundred day moving average price is $142.40. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17.

ITT (NYSE:ITT) last posted its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. The company had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.37 EPS. On average, analysts expect that ITT Inc. will post 5.84 EPS for the current fiscal year.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a dividend of $0.319 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.28 annualized dividend and a yield of 0.89%. ITT’s dividend payout ratio (DPR) is currently 21.67%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wolfe Research started coverage on ITT in a research report on Wednesday, December 11th. They issued a “peer perform” rating for the company. Citigroup boosted their price target on ITT from $176.00 to $183.00 and gave the company a “buy” rating in a research note on Monday, December 9th. KeyCorp raised their price objective on shares of ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Robert W. Baird cut their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Finally, TD Cowen raised their price target on shares of ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.75.

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.