Simon Quick Advisors LLC Has $897,000 Stock Holdings in ITT Inc. (NYSE:ITT)

Simon Quick Advisors LLC lifted its holdings in ITT Inc. (NYSE:ITT) by 21.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,276 shares of the conglomerate’s stock after buying an additional 1,093 shares during the quarter. Simon Quick Advisors LLC’s holdings in ITT were worth $897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH lifted its position in shares of ITT by 0.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 136,800 shares of the conglomerate’s stock worth $19,546,000 after purchasing an additional 390 shares in the last quarter. UMB Bank n.a. raised its position in ITT by 95.8% in the 4th quarter. UMB Bank n.a. now owns 464 shares of the conglomerate’s stock worth $66,000 after purchasing an additional 227 shares during the last quarter. CGN Advisors LLC acquired a new position in ITT during the 4th quarter worth $1,204,000. Gateway Investment Advisers LLC boosted its position in ITT by 3.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 12,055 shares of the conglomerate’s stock valued at $1,722,000 after buying an additional 385 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of ITT by 36.8% in the 4th quarter. Park Avenue Securities LLC now owns 4,302 shares of the conglomerate’s stock valued at $615,000 after buying an additional 1,157 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Stock Down 0.4 %

Shares of NYSE:ITT opened at $153.31 on Thursday. The company has a 50 day moving average price of $149.38 and a two-hundred day moving average price of $143.74. The company has a market capitalization of $12.50 billion, a PE ratio of 26.16, a PEG ratio of 1.81 and a beta of 1.41. ITT Inc. has a 52 week low of $118.58 and a 52 week high of $161.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58.

ITT (NYSE:ITT) last released its quarterly earnings data on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The business had revenue of $885.20 million during the quarter, compared to analysts’ expectations of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 EPS. Analysts forecast that ITT Inc. will post 5.84 earnings per share for the current year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a $0.319 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.28 annualized dividend and a dividend yield of 0.83%. ITT’s dividend payout ratio is presently 21.84%.

Wall Street Analysts Forecast Growth

ITT has been the topic of several research reports. StockNews.com lowered ITT from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Wolfe Research assumed coverage on shares of ITT in a research report on Wednesday, December 11th. They set a “peer perform” rating on the stock. Citigroup lowered their price target on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Monday, January 13th. TD Cowen increased 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. Finally, Robert W. Baird lowered their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, ITT has an average rating of “Moderate Buy” and an average target price of $167.25.

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.