ITT Inc. (NYSE:ITT) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its holdings in shares of ITT Inc. (NYSE:ITT) by 5.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 90,904 shares of the conglomerate’s stock after buying an additional 4,448 shares during the period. Sei Investments Co.’s holdings in ITT were worth $12,988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITT. Rialto Wealth Management LLC acquired a new stake in shares of ITT in the fourth quarter valued at $26,000. Resources Management Corp CT ADV purchased a new stake in ITT during the 3rd quarter worth about $30,000. ORG Wealth Partners LLC purchased a new stake in ITT during the 4th quarter worth about $30,000. Whipplewood Advisors LLC purchased a new position in shares of ITT in the 4th quarter valued at about $34,000. Finally, Private Trust Co. NA grew its position in shares of ITT by 232.2% during the third quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock worth $45,000 after buying an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Stock Down 4.1 %

Shares of NYSE:ITT opened at $128.56 on Friday. ITT Inc. has a 1-year low of $121.01 and a 1-year high of $161.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. The stock has a market cap of $10.46 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.89 and a beta of 1.42. The firm has a fifty day moving average price of $142.63 and a 200 day moving average price of $145.91.

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

ITT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be issued a dividend of $0.351 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.09%. ITT’s dividend payout ratio (DPR) is currently 22.22%.

Analyst Ratings Changes

Several brokerages recently weighed in on ITT. Citigroup reduced their target price on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Stifel Nicolaus decreased their price objective 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. UBS Group increased their target price on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a report on Friday, February 7th. KeyCorp lifted their price target on ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, StockNews.com upgraded ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $170.29.

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.