Whipplewood Advisors LLC Invests $34,000 in ITT Inc. (NYSE:ITT)

Whipplewood Advisors LLC acquired a new stake in shares of ITT Inc. (NYSE:ITT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 239 shares of the conglomerate’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of ITT during the 3rd quarter worth about $26,000. Resources Management Corp CT ADV acquired a new position in ITT in the third quarter worth approximately $30,000. ORG Wealth Partners LLC bought a new position in ITT during the fourth quarter valued at approximately $30,000. Private Trust Co. NA lifted its stake in ITT by 232.2% in the third quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock valued at $45,000 after acquiring an additional 209 shares during the last quarter. Finally, Coastline Trust Co bought a new stake in ITT in the third quarter worth approximately $48,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Price Performance

NYSE ITT opened at $141.06 on Friday. The stock has a market capitalization of $11.48 billion, a PE ratio of 22.39, a P/E/G ratio of 1.89 and a beta of 1.41. The stock has a 50-day simple moving average of $145.87 and a 200 day simple moving average of $145.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. ITT Inc. has a twelve month low of $121.01 and a twelve month high of $161.13.

ITT (NYSE:ITT) last posted its quarterly earnings data 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%. Research analysts anticipate that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ITT. Stifel Nicolaus cut their price target 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. KeyCorp raised their target price on ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. UBS Group boosted their price target on ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Citigroup lowered their price objective on ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, StockNews.com upgraded ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ITT presently has a consensus rating of “Moderate Buy” and an average target price of $168.38.

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.