ITT Inc. (NYSE:ITT) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its stake in shares of ITT Inc. (NYSE:ITT) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,002 shares of the conglomerate’s stock after purchasing an additional 6,517 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in ITT were worth $28,433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in shares of ITT during the fourth quarter valued at $26,000. Resources Management Corp CT ADV purchased a new stake in ITT during the 3rd quarter valued at about $30,000. ORG Wealth Partners LLC acquired a new position in shares of ITT in the fourth quarter valued at about $30,000. Whipplewood Advisors LLC acquired a new position in shares of ITT in the fourth quarter valued at about $34,000. Finally, Private Trust Co. NA raised its stake in shares of ITT by 232.2% in the third quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock worth $45,000 after purchasing an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wolfe Research assumed coverage on ITT in a research report on Wednesday, December 11th. They issued a “peer perform” rating on the stock. Stifel Nicolaus dropped their price objective on shares of ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a report on Friday, January 24th. UBS Group raised their target price on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, February 7th. StockNews.com raised shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Citigroup reduced their price objective on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $168.38.

ITT Trading Up 3.6 %

Shares of ITT stock opened at $139.91 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. ITT Inc. has a twelve month low of $121.01 and a twelve month high of $161.13. The firm has a market capitalization of $11.39 billion, a PE ratio of 22.21, a P/E/G ratio of 1.89 and a beta of 1.42. The firm’s 50-day moving average price is $143.62 and its 200 day moving average price is $145.99.

ITT (NYSE:ITT) last released its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. On average, sell-side analysts predict that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be issued a $0.351 dividend. This is an increase from ITT’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.00%. ITT’s dividend payout ratio is presently 22.22%.

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.