2,197 Shares in ITT Inc. (NYSE:ITT) Acquired by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in shares of ITT Inc. (NYSE:ITT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,197 shares of the conglomerate’s stock, valued at approximately $328,000.

Several other hedge funds have also recently added to or reduced their stakes in ITT. Capital Performance Advisors LLP acquired a new position in shares of ITT in the 3rd quarter valued at about $26,000. Lynx Investment Advisory bought a new position in shares of ITT during the 2nd quarter worth approximately $27,000. UMB Bank n.a. grew its position in shares of ITT by 315.8% during the 3rd 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 bought a new stake in shares of ITT in the 2nd quarter valued at $32,000. Finally, Brown Brothers Harriman & Co. bought a new position in ITT during the second quarter worth $36,000. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ITT. TD Cowen upped their price objective on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their price objective on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. KeyCorp upped their target price on ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Stifel Nicolaus lifted their price target on shares of ITT from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Robert W. Baird lowered their price objective on shares of ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, ITT currently has a consensus rating of “Buy” and an average target price of $157.78.

ITT Trading Up 0.7 %

Shares of ITT stock opened at $152.67 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. The firm has a market cap of $12.44 billion, a P/E ratio of 26.05, a PEG ratio of 1.99 and a beta of 1.41. The company has a 50 day moving average of $146.09 and a 200-day moving average of $137.78. ITT Inc. has a 12-month low of $107.01 and a 12-month high of $155.52.

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

ITT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.319 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.28 annualized dividend and a dividend yield of 0.84%. ITT’s payout ratio is 21.84%.

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.