Loomis Sayles & Co. L P Has $54.46 Million Stock Position in ITT Inc. (NYSE:ITT)

Loomis Sayles & Co. L P decreased its stake in shares of ITT Inc. (NYSE:ITT) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,167 shares of the conglomerate’s stock after selling 413 shares during the period. Loomis Sayles & Co. L P owned approximately 0.47% of ITT worth $54,461,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ITT. Rialto Wealth Management LLC bought a new position in ITT during the 4th quarter worth about $26,000. Resources Management Corp CT ADV acquired a new position in shares of ITT during the third quarter worth about $30,000. ORG Wealth Partners LLC acquired a new stake in ITT in the 4th quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new stake in ITT in the 4th quarter valued at approximately $34,000. Finally, Private Trust Co. NA boosted its position in ITT by 232.2% during the 3rd quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock worth $45,000 after acquiring an additional 209 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Price Performance

Shares of NYSE ITT opened at $137.81 on Thursday. ITT Inc. has a twelve month low of $121.01 and a twelve month high of $161.13. The company has a market cap of $11.22 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. The business’s 50 day moving average price is $143.38 and its two-hundred day moving average price is $146.01. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08.

ITT (NYSE:ITT) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share 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%. On average, analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 1.02%. ITT’s payout ratio is presently 22.22%.

Analyst Ratings Changes

A number of brokerages have recently commented on ITT. Stifel Nicolaus cut their price objective on shares of ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. StockNews.com raised shares of ITT from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Citigroup decreased their price objective on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a report on Monday, January 13th. Wolfe Research assumed coverage on ITT in a report on Wednesday, December 11th. They set a “peer perform” rating on the stock. Finally, KeyCorp increased their price target on ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $170.29.

About ITT

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.