Yousif Capital Management LLC Reduces Position in ITT Inc. (NYSE:ITT)

Yousif Capital Management LLC trimmed its position in ITT Inc. (NYSE:ITT) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,580 shares of the conglomerate’s stock after selling 1,210 shares during the quarter. Yousif Capital Management LLC’s holdings in ITT were worth $4,226,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of ITT by 1.1% in the third quarter. State Street Corp now owns 2,437,674 shares of the conglomerate’s stock valued at $364,457,000 after acquiring an additional 26,133 shares during the period. Geode Capital Management LLC increased its holdings in ITT by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,369,021 shares of the conglomerate’s stock valued at $204,736,000 after purchasing an additional 8,223 shares during the period. Westfield Capital Management Co. LP raised its position in ITT by 4.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 669,519 shares of the conglomerate’s stock valued at $100,100,000 after purchasing an additional 27,885 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in ITT in the 3rd quarter worth approximately $67,503,000. Finally, Loomis Sayles & Co. L P grew its position in shares of ITT by 1.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 381,580 shares of the conglomerate’s stock worth $57,050,000 after buying an additional 4,271 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

ITT Price Performance

Shares of NYSE ITT opened at $146.07 on Friday. The company has a 50 day simple moving average of $147.84 and a two-hundred day simple moving average of $144.82. ITT Inc. has a fifty-two week low of $118.58 and a fifty-two week high of $161.13. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 1.81 and a beta of 1.41. 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 announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.02. ITT had a return on equity of 17.98% and a net margin of 13.67%. Analysts expect that ITT Inc. will post 5.84 EPS for the current fiscal year.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be paid a $0.351 dividend. This is a boost from ITT’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a yield of 0.96%. ITT’s payout ratio is presently 22.22%.

Wall Street Analysts Forecast Growth

ITT has been the subject of a number of recent analyst reports. Robert W. Baird decreased their target price on ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Stifel Nicolaus dropped their target price on shares of ITT from $180.00 to $179.00 and set a “buy” rating for the company in a research report on Friday, January 24th. 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 objective on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, StockNews.com downgraded ITT from a “buy” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.38.

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.