Farmers & Merchants Investments Inc. Has $9.06 Million Position in ITT Inc. (NYSE:ITT)

Farmers & Merchants Investments Inc. boosted its position in shares of ITT Inc. (NYSE:ITT) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,388 shares of the conglomerate’s stock after buying an additional 1,846 shares during the quarter. Farmers & Merchants Investments Inc. owned approximately 0.08% of ITT worth $9,057,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ITT. Capital Performance Advisors LLP acquired a new position in shares of ITT during the third quarter valued at $26,000. Resources Management Corp CT ADV acquired a new position in ITT during the 3rd quarter valued at about $30,000. ORG Wealth Partners LLC bought a new position in shares of ITT in the 4th quarter valued at about $30,000. UMB Bank n.a. grew its position in shares of ITT by 315.8% during the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock worth $35,000 after buying an additional 180 shares during the period. Finally, Private Trust Co. NA raised its stake in shares of ITT by 232.2% during the third quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock worth $45,000 after buying an additional 209 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

ITT Price Performance

Shares of ITT opened at $146.07 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.09 and a current ratio of 1.40. The firm has a market capitalization of $11.91 billion, a PE ratio of 23.19, a P/E/G ratio of 1.80 and a beta of 1.41. The stock has a 50 day simple moving average of $147.84 and a 200 day simple moving average of $144.82. ITT Inc. has a 52-week low of $118.58 and a 52-week high of $161.13.

ITT (NYSE:ITT) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. Sell-side analysts predict that ITT Inc. will post 6.33 EPS for the current fiscal year.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be 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 is Thursday, March 6th. This represents a $1.40 annualized dividend and a dividend yield of 0.96%. ITT’s dividend payout ratio (DPR) is currently 20.32%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ITT. Citigroup lowered their target price on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group lifted their price objective on ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday. KeyCorp increased their target price on ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Robert W. Baird decreased their target price on ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com lowered shares of ITT from a “buy” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, ITT currently has an average rating of “Moderate Buy” and an average price target of $168.38.

ITT 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.