ITT Inc. (NYSE:ITT) Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its holdings in ITT Inc. (NYSE:ITT) by 6.7% during the first quarter, HoldingsChannel.com reports. The fund owned 145,932 shares of the conglomerate’s stock after buying an additional 9,132 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in ITT were worth $18,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Oppenheimer Asset Management Inc. increased its holdings in shares of ITT by 0.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,486 shares of the conglomerate’s stock valued at $1,641,000 after acquiring an additional 81 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in ITT by 13.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 749 shares of the conglomerate’s stock valued at $107,000 after buying an additional 87 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in ITT by 10.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the conglomerate’s stock valued at $183,000 after buying an additional 116 shares during the last quarter. CIBC Asset Management Inc grew its position in ITT by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,534 shares of the conglomerate’s stock valued at $362,000 after buying an additional 125 shares during the last quarter. Finally, Quarry LP grew its position in ITT by 101.6% in the 4th 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. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ITT. KeyCorp lifted their price objective on shares of ITT from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their price objective on shares of ITT from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Monday, May 19th. Stifel Nicolaus lifted their price objective on shares of ITT from $161.00 to $171.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Wall Street Zen upgraded shares of ITT from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, Bank of America boosted their target price on shares of ITT from $145.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $165.50.

ITT Price Performance

Shares of NYSE ITT opened at $152.14 on Friday. The firm has a market capitalization of $11.97 billion, a P/E ratio of 24.15, a PEG ratio of 1.89 and a beta of 1.35. 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 one year low of $105.64 and a one year high of $161.13. The company’s fifty day moving average is $140.89 and its two-hundred day moving average is $142.69.

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

ITT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, June 2nd. ITT’s dividend payout ratio (DPR) is presently 22.26%.

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.