KBC Group NV Makes New $175,000 Investment in ITT Inc. (NYSE:ITT)

KBC Group NV acquired a new position in shares of ITT Inc. (NYSE:ITTFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,469 shares of the conglomerate’s stock, valued at approximately $175,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its position in shares of ITT by 101.0% during the 4th quarter. AdvisorNet Financial Inc now owns 406 shares of the conglomerate’s stock valued at $48,000 after acquiring an additional 204 shares during the period. Bfsg LLC bought a new stake in ITT during the fourth quarter worth about $73,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in ITT during the fourth quarter worth about $78,000. GAMMA Investing LLC bought a new position in ITT in the 4th quarter valued at about $94,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of ITT by 3,528.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 907 shares of the conglomerate’s stock valued at $108,000 after buying an additional 882 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

ITT Stock Down 0.7 %

Shares of NYSE ITT opened at $127.42 on Tuesday. ITT Inc. has a 52-week low of $85.38 and a 52-week high of $140.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.59. The company’s 50 day moving average price is $132.12 and its 200-day moving average price is $124.94. The company has a market capitalization of $10.49 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44.

ITT (NYSE:ITTGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The conglomerate reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.06. The firm had revenue of $910.60 million during the quarter, compared to the consensus estimate of $883.21 million. ITT had a return on equity of 18.21% and a net margin of 12.41%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. Equities analysts forecast that ITT Inc. will post 5.85 earnings per share for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, June 3rd. ITT’s dividend payout ratio (DPR) is 25.10%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ITT shares. Citigroup upped their target price on ITT from $139.00 to $157.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Stifel Nicolaus increased their target price on shares of ITT from $141.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. UBS Group increased their price objective on shares of ITT from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. KeyCorp increased their target price on ITT from $136.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, DA Davidson boosted their price target on ITT from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, ITT has an average rating of “Buy” and an average price target of $138.38.

Get Our Latest Research Report on ITT

ITT Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ITT (NYSE:ITT)

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