Keeley Teton Advisors LLC Cuts Stock Position in ITT Inc. (NYSE:ITT)

Keeley Teton Advisors LLC reduced its stake in ITT Inc. (NYSE:ITTFree Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,191 shares of the conglomerate’s stock after selling 1,477 shares during the period. Keeley Teton Advisors LLC’s holdings in ITT were worth $2,767,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board acquired a new position in shares of ITT during the fourth quarter worth $992,000. Norges Bank purchased a new position in ITT in the 4th quarter valued at about $102,709,000. Natixis Advisors L.P. grew its stake in shares of ITT by 28.7% during the third quarter. Natixis Advisors L.P. now owns 74,409 shares of the conglomerate’s stock valued at $7,286,000 after acquiring an additional 16,614 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of ITT during the fourth quarter valued at about $951,000. Finally, Coldstream Capital Management Inc. lifted its stake in shares of ITT by 11.3% in the fourth quarter. Coldstream Capital Management Inc. now owns 6,013 shares of the conglomerate’s stock worth $717,000 after acquiring an additional 611 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ITT has been the topic of several analyst reports. StockNews.com downgraded ITT from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 6th. KeyCorp increased their price objective on shares of ITT from $136.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Citigroup boosted their target price on shares of ITT from $139.00 to $157.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Stifel Nicolaus upped their target price on shares of ITT from $141.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, DA Davidson lifted their price target on ITT from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Nine investment 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 a consensus price target of $138.38.

Read Our Latest Report on ITT

ITT Stock Performance

Shares of ITT stock traded up $1.89 on Wednesday, reaching $129.39. 320,000 shares of the company were exchanged, compared to its average volume of 390,035. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 1.68 and a beta of 1.44. ITT Inc. has a 1-year low of $80.91 and a 1-year 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 is $132.57 and its two-hundred day moving average is $124.51.

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

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a $0.319 dividend. This represents a $1.28 annualized dividend and a yield of 0.99%. The ex-dividend date is Monday, June 3rd. ITT’s dividend payout ratio (DPR) is 25.10%.

About ITT

(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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