Brevan Howard Capital Management LP Makes New Investment in ITT Inc. (NYSE:ITT)

Brevan Howard Capital Management LP bought a new stake in shares of ITT Inc. (NYSE:ITT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,019 shares of the conglomerate’s stock, valued at approximately $431,000.

A number of other institutional investors have also recently made changes to their positions in ITT. Rialto Wealth Management LLC bought a new position in shares of ITT during the 4th quarter valued at approximately $26,000. ORG Wealth Partners LLC bought a new position in ITT during the 4th quarter valued at about $30,000. Whipplewood Advisors LLC purchased a new stake in ITT in the 4th quarter worth about $34,000. Quarry LP grew its stake in shares of ITT by 101.6% during the fourth quarter. Quarry LP now owns 248 shares of the conglomerate’s stock valued at $35,000 after buying an additional 125 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in ITT by 79.1% during the 4th quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate’s stock valued at $59,000 after acquiring an additional 182 shares during the period. Institutional investors own 91.59% of the company’s stock.

ITT Stock Down 0.2 %

Shares of ITT stock opened at $143.18 on Friday. The stock’s fifty day moving average price is $132.10 and its 200 day moving average price is $142.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. ITT Inc. has a 1-year low of $105.64 and a 1-year high of $161.13. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36.

ITT (NYSE:ITT) last released its earnings results on Thursday, May 1st. The conglomerate reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. The company had revenue of $913.00 million during the quarter, compared to analysts’ expectations of $901.22 million. ITT had a net margin of 14.27% and a return on equity of 18.03%. ITT’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the business earned $1.42 EPS. On average, research analysts expect that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.351 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 0.98%. ITT’s dividend payout ratio is currently 22.26%.

Analysts Set New Price Targets

ITT has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price objective on shares of ITT from $148.00 to $161.00 and gave the company a “buy” rating in a report on Friday, May 2nd. UBS Group increased their price objective on ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. KeyCorp increased their price target on ITT from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Citigroup lowered their price objective on shares of ITT from $181.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, StockNews.com raised shares of ITT from a “hold” rating to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.86.

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.