Dean Investment Associates LLC Boosts Stock Holdings in ITT Inc. (NYSE:ITT)

Dean Investment Associates LLC lifted its holdings in ITT Inc. (NYSE:ITT) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,733 shares of the conglomerate’s stock after purchasing an additional 855 shares during the period. Dean Investment Associates LLC’s holdings in ITT were worth $2,819,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in ITT by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 517,307 shares of the conglomerate’s stock worth $73,913,000 after buying an additional 3,424 shares during the period. Venturi Wealth Management LLC boosted its position in ITT by 880.0% during the fourth quarter. Venturi Wealth Management LLC now owns 2,156 shares of the conglomerate’s stock valued at $308,000 after purchasing an additional 1,936 shares in the last quarter. AlphaQuest LLC grew its stake in ITT by 422.7% in the fourth quarter. AlphaQuest LLC now owns 4,208 shares of the conglomerate’s stock valued at $601,000 after purchasing an additional 3,403 shares during the last quarter. ING Groep NV bought a new position in ITT in the fourth quarter worth about $1,214,000. Finally, Intech Investment Management LLC lifted its position in shares of ITT by 218.0% during the fourth quarter. Intech Investment Management LLC now owns 14,051 shares of the conglomerate’s stock valued at $2,008,000 after buying an additional 9,633 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ITT shares. Citigroup cut their price objective on shares of ITT from $181.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday. KeyCorp reduced their price target on ITT from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus lowered their price objective on ITT from $179.00 to $148.00 and set a “buy” rating for the company in a research report on Monday. UBS Group boosted their target price on ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, StockNews.com upgraded ITT from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, ITT has an average rating of “Moderate Buy” and a consensus target price of $158.57.

ITT Stock Performance

Shares of ITT stock opened at $127.93 on Friday. 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 business has a fifty day moving average of $134.22 and a 200 day moving average of $143.82. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. ITT Inc. has a 1 year low of $105.64 and a 1 year high of $161.13.

ITT (NYSE:ITT) last issued its earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, beating 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%. As a group, research analysts expect that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 6th were paid a $0.351 dividend. The ex-dividend date was Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.10%. This is a positive change from ITT’s previous quarterly dividend of $0.32. ITT’s dividend payout ratio is presently 22.22%.

ITT Profile

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.