ITT Inc. (NYSE:ITT) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in ITT Inc. (NYSE:ITT) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,930 shares of the conglomerate’s stock after acquiring an additional 1,241 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in ITT were worth $6,848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. M&T Bank Corp grew its stake in ITT by 1.3% in the 3rd quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate’s stock worth $797,000 after acquiring an additional 69 shares during the period. CIBC Asset Management Inc grew its holdings in ITT by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate’s stock valued at $360,000 after buying an additional 87 shares during the period. Round Rock Advisors LLC lifted its holdings in shares of ITT by 0.4% during the 3rd quarter. Round Rock Advisors LLC now owns 20,319 shares of the conglomerate’s stock worth $3,038,000 after acquiring an additional 90 shares during the period. Tectonic Advisors LLC boosted its position in shares of ITT by 3.3% in the third quarter. Tectonic Advisors LLC now owns 2,925 shares of the conglomerate’s stock worth $437,000 after acquiring an additional 93 shares during the last quarter. Finally, AE Wealth Management LLC grew its holdings in ITT by 5.9% in the second quarter. AE Wealth Management LLC now owns 1,802 shares of the conglomerate’s stock valued at $233,000 after purchasing an additional 100 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Stock Performance

Shares of NYSE ITT traded down $4.50 during trading on Friday, reaching $138.44. The stock had a trading volume of 143,811 shares, compared to its average volume of 312,730. The stock has a market cap of $11.28 billion, a PE ratio of 23.62, a P/E/G ratio of 1.95 and a beta of 1.41. The firm’s 50 day moving average price is $149.77 and its two-hundred day moving average price is $142.41. 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 one year low of $115.96 and a one year high of $161.13.

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

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend yield of 0.92%. ITT’s dividend payout ratio (DPR) is presently 21.67%.

Analyst Ratings Changes

ITT has been the subject of several research reports. KeyCorp boosted their price objective on shares of ITT from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Citigroup upped their price target on ITT from $176.00 to $183.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Wolfe Research started coverage on ITT in a report on Wednesday, December 11th. They set a “peer perform” rating for the company. TD Cowen raised their price target on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, StockNews.com raised ITT from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, ITT has a consensus rating of “Moderate Buy” and an average target price of $166.75.

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.