ITT Inc. (NYSE:ITT) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC lessened its stake in ITT Inc. (NYSE:ITT) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,912 shares of the conglomerate’s stock after selling 1,248 shares during the period. Keeley Teton Advisors LLC’s holdings in ITT were worth $2,845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in ITT by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 517,307 shares of the conglomerate’s stock valued at $73,913,000 after buying an additional 3,424 shares in the last quarter. Venturi Wealth Management LLC boosted its position in ITT by 880.0% during the fourth quarter. Venturi Wealth Management LLC now owns 2,156 shares of the conglomerate’s stock worth $308,000 after purchasing an additional 1,936 shares in the last quarter. AlphaQuest LLC lifted its position in shares of ITT by 422.7% during the 4th quarter. AlphaQuest LLC now owns 4,208 shares of the conglomerate’s stock valued at $601,000 after buying an additional 3,403 shares in the last quarter. ING Groep NV acquired a new position in ITT during the fourth quarter worth $1,214,000. Finally, Intech Investment Management LLC grew its position in shares of ITT by 218.0% in the fourth quarter. Intech Investment Management LLC now owns 14,051 shares of the conglomerate’s stock valued at $2,008,000 after purchasing an additional 9,633 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ITT. UBS Group raised their target price on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, February 7th. KeyCorp lowered their target price on shares of ITT from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus dropped their price objective on shares of ITT from $179.00 to $148.00 and set a “buy” rating for the company in a research note on Monday. Finally, Citigroup lowered their target price on ITT from $181.00 to $150.00 and set a “buy” rating on the stock in a report on Monday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.57.

ITT Stock Up 1.1 %

Shares of NYSE ITT opened at $126.88 on Tuesday. ITT Inc. has a 52-week low of $105.64 and a 52-week high of $161.13. The business’s 50 day moving average is $135.38 and its two-hundred day moving average is $144.21. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 1.89 and a beta of 1.36. 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 announced its earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS 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%. Research analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were paid a $0.351 dividend. This is an increase from ITT’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.11%. ITT’s payout ratio is 22.22%.

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.