ITT Inc. (NYSE:ITT) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC increased its holdings in shares of ITT Inc. (NYSE:ITT) by 8.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,958 shares of the conglomerate’s stock after purchasing an additional 3,720 shares during the quarter. MetLife Investment Management LLC’s holdings in ITT were worth $6,566,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ITT. Sanctuary Advisors LLC increased its position in shares of ITT by 6.0% in the third quarter. Sanctuary Advisors LLC now owns 3,951 shares of the conglomerate’s stock worth $626,000 after acquiring an additional 225 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in ITT in the 3rd quarter valued at $64,000. Tidal Investments LLC raised its position in ITT by 12.4% in the third quarter. Tidal Investments LLC now owns 6,487 shares of the conglomerate’s stock valued at $970,000 after purchasing an additional 716 shares during the period. GAMMA Investing LLC grew its stake in shares of ITT by 17.7% in the fourth quarter. GAMMA Investing LLC now owns 1,533 shares of the conglomerate’s stock valued at $219,000 after buying an additional 230 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of ITT during the 4th quarter valued at about $281,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Stock Up 3.4 %

NYSE:ITT opened at $129.71 on Wednesday. The stock has a 50-day simple moving average of $133.10 and a 200 day simple moving average of $143.38. ITT Inc. has a one year low of $105.64 and a one year high of $161.13. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. 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 (NYSE:ITT) last issued its earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, topping the consensus estimate of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. Sell-side analysts predict that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were issued a dividend of $0.351 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from ITT’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, March 6th. ITT’s dividend payout ratio is 22.22%.

Analyst Upgrades and Downgrades

ITT has been the subject of a number of analyst reports. StockNews.com upgraded ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Stifel Nicolaus decreased their target price on shares of ITT from $179.00 to $148.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Citigroup dropped their price target on shares of ITT from $181.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. UBS Group upped their price objective on shares of ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, KeyCorp cut their price target on ITT from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, ITT presently has an average rating of “Moderate Buy” and a consensus price target of $158.57.

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.