Leeward Investments LLC MA Cuts Holdings in ITT Inc. (NYSE:ITT)

Leeward Investments LLC MA trimmed its holdings in shares of ITT Inc. (NYSE:ITT) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,458 shares of the conglomerate’s stock after selling 716 shares during the quarter. ITT makes up approximately 1.4% of Leeward Investments LLC MA’s investment portfolio, making the stock its 12th biggest holding. Leeward Investments LLC MA’s holdings in ITT were worth $29,223,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ITT. SageView Advisory Group LLC boosted its stake in ITT by 383.3% in the first quarter. SageView Advisory Group LLC now owns 9,666 shares of the conglomerate’s stock valued at $1,315,000 after acquiring an additional 7,666 shares in the last quarter. Vident Advisory LLC lifted its stake in shares of ITT by 603.0% during the first quarter. Vident Advisory LLC now owns 34,072 shares of the conglomerate’s stock worth $4,635,000 after buying an additional 29,225 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of ITT by 19.5% during the first quarter. Russell Investments Group Ltd. now owns 54,785 shares of the conglomerate’s stock worth $7,452,000 after buying an additional 8,956 shares during the period. Algert Global LLC acquired a new stake in shares of ITT during the second quarter worth $1,158,000. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of ITT by 242.6% during the second quarter. Harbor Capital Advisors Inc. now owns 22,407 shares of the conglomerate’s stock worth $2,895,000 after buying an additional 15,866 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Stock Performance

ITT opened at $152.26 on Thursday. The firm has a market capitalization of $12.41 billion, a PE ratio of 25.98, a PEG ratio of 1.87 and a beta of 1.41. ITT Inc. has a twelve month low of $99.52 and a twelve month high of $154.35. The firm’s 50-day moving average price is $143.48 and its 200 day moving average price is $136.71. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17.

ITT (NYSE:ITT) last posted its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.03. The company had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. ITT’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.37 EPS. As a group, sell-side analysts expect that ITT Inc. will post 5.84 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.319 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, November 29th. ITT’s dividend payout ratio is presently 21.84%.

Analyst Ratings Changes

A number of research analysts recently issued reports on ITT shares. Stifel Nicolaus boosted their target price on shares of ITT from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group boosted their target price on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen boosted their target price on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird cut their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Finally, KeyCorp boosted their target price on shares of ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, ITT presently has an average rating of “Buy” and a consensus price target of $157.78.

ITT Company 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.