Fortem Financial Group LLC Purchases 220 Shares of ITT Inc. (NYSE:ITT)

Fortem Financial Group LLC boosted its position in ITT Inc. (NYSE:ITT) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,440 shares of the conglomerate’s stock after buying an additional 220 shares during the period. Fortem Financial Group LLC’s holdings in ITT were worth $1,492,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Select Equity Group L.P. lifted its stake in shares of ITT by 11.7% in the 2nd quarter. Select Equity Group L.P. now owns 3,340,392 shares of the conglomerate’s stock valued at $431,512,000 after purchasing an additional 351,206 shares during the period. State Street Corp boosted its holdings in shares of ITT by 1.1% during the 3rd quarter. State Street Corp now owns 2,437,674 shares of the conglomerate’s stock worth $364,457,000 after buying an additional 26,133 shares in the last quarter. Geode Capital Management LLC grew its position in shares of ITT by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,369,021 shares of the conglomerate’s stock worth $204,736,000 after buying an additional 8,223 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of ITT by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 954,809 shares of the conglomerate’s stock valued at $123,338,000 after acquiring an additional 50,329 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in shares of 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 acquiring an additional 27,885 shares during the period. Institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ITT. Citigroup increased their price objective on shares of ITT from $176.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Robert W. Baird cut their price target on ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. KeyCorp boosted their price objective on ITT from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, October 14th. The Goldman Sachs Group increased their target price on ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $166.75.

ITT Stock Up 0.0 %

ITT traded up $0.06 during mid-day trading on Monday, reaching $142.85. 162,929 shares of the stock were exchanged, compared to its average volume of 215,608. The company has a 50 day moving average price of $149.82 and a two-hundred day moving average price of $142.21. The stock has a market capitalization of $11.64 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.95 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 Inc. has a 1 year low of $114.24 and a 1 year high of $161.13.

ITT (NYSE:ITT) last issued its quarterly earnings data on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. ITT had a net margin of 13.67% and a return on equity of 17.98%. The business had revenue of $885.20 million during the quarter, compared to the consensus estimate of $884.50 million. During the same period in the prior year, the firm posted $1.37 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, research analysts anticipate that ITT Inc. will post 5.84 EPS for the current year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a dividend of $0.319 per share. The ex-dividend date was Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a yield of 0.89%. ITT’s dividend payout ratio (DPR) is currently 21.67%.

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.