ITT Inc. (NYSE:ITT) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of ITT Inc. (NYSE:ITTGet Rating) by 35.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,985 shares of the conglomerate’s stock after purchasing an additional 2,370 shares during the period. SG Americas Securities LLC’s holdings in ITT were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. O Shares Investment Advisers LLC boosted its stake in shares of ITT by 2.3% in the fourth quarter. O Shares Investment Advisers LLC now owns 6,255 shares of the conglomerate’s stock worth $639,000 after buying an additional 142 shares during the last quarter. Schroder Investment Management Group boosted its position in ITT by 3.0% in the 4th quarter. Schroder Investment Management Group now owns 5,150 shares of the conglomerate’s stock worth $527,000 after purchasing an additional 148 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of ITT by 1.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 8,430 shares of the conglomerate’s stock worth $861,000 after purchasing an additional 150 shares during the period. Commerce Bank increased its holdings in shares of ITT by 3.3% during the 4th quarter. Commerce Bank now owns 5,612 shares of the conglomerate’s stock valued at $573,000 after purchasing an additional 181 shares in the last quarter. Finally, CWM LLC boosted its holdings in ITT by 58.6% during the first quarter. CWM LLC now owns 590 shares of the conglomerate’s stock worth $44,000 after buying an additional 218 shares in the last quarter. 95.64% of the stock is owned by hedge funds and other institutional investors.

ITT Price Performance

Shares of ITT stock opened at $73.47 on Wednesday. The stock’s 50 day simple moving average is $69.70 and its 200-day simple moving average is $76.57. The stock has a market cap of $6.13 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.46 and a beta of 1.47. ITT Inc. has a 1-year low of $63.77 and a 1-year high of $105.54.

ITT (NYSE:ITTGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The conglomerate reported $0.97 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.97. ITT had a return on equity of 15.90% and a net margin of 10.92%. The company had revenue of $726.20 million for the quarter, compared to analyst estimates of $695.93 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, research analysts expect that ITT Inc. will post 4.34 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be given a dividend of $0.264 per share. This represents a $1.06 annualized dividend and a yield of 1.44%. ITT’s payout ratio is currently 29.94%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Bank of America downgraded shares of ITT from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $113.00 to $74.00 in a research report on Monday, July 11th. KeyCorp cut their price objective on ITT from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Robert W. Baird dropped their price target on shares of ITT from $90.00 to $84.00 in a research note on Wednesday, May 4th. Cowen reduced their price objective on shares of ITT from $105.00 to $92.00 and set an “outperform” rating for the company in a research report on Monday, June 13th. Finally, UBS Group upgraded shares of ITT from a “neutral” rating to a “buy” rating and dropped their target price for the company from $107.00 to $95.00 in a research report on Friday, April 8th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.00.

ITT Company Profile

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ITT Inc manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets worldwide. The company operates through three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. 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.

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Institutional Ownership by Quarter for ITT (NYSE:ITT)

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