Advantus Capital Management Inc boosted its stake in shares of ITT Inc. (NYSE:ITT) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,293 shares of the conglomerate’s stock after buying an additional 332 shares during the period. Advantus Capital Management Inc’s holdings in ITT were worth $463,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. raised its stake in ITT by 3.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,378 shares of the conglomerate’s stock valued at $131,000 after buying an additional 120 shares during the period. Tyers Asset Management LLC purchased a new stake in ITT during the fourth quarter valued at approximately $135,000. Elkfork Partners LLC purchased a new stake in ITT during the fourth quarter valued at approximately $185,000. Timber Hill LLC purchased a new stake in ITT during the first quarter valued at approximately $201,000. Finally, Coastline Trust Co purchased a new stake in ITT during the first quarter valued at approximately $205,000. Hedge funds and other institutional investors own 93.20% of the company’s stock.

Institutional Ownership by Quarter for ITT (NYSE:ITT)

ITT Inc. (NYSE ITT) traded down 0.08% on Thursday, hitting $38.33. 62,696 shares of the stock were exchanged. The company has a 50-day moving average of $39.86 and a 200-day moving average of $40.60. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 17.66 and a beta of 1.35. ITT Inc. has a 12 month low of $30.06 and a 12 month high of $44.00.

ITT (NYSE:ITT) last released its quarterly earnings data on Monday, May 8th. The conglomerate reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.04. ITT had a net margin of 8.04% and a return on equity of 14.65%. The firm had revenue of $625.80 million during the quarter, compared to analysts’ expectations of $607.08 million. During the same period in the previous year, the company earned $0.59 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that ITT Inc. will post $2.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Monday, June 12th will be issued a dividend of $0.128 per share. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $0.51 annualized dividend and a dividend yield of 1.33%. ITT’s payout ratio is 23.50%.

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ITT has been the subject of several analyst reports. TheStreet upgraded shares of ITT from a “c+” rating to a “b” rating in a research note on Monday, March 27th. Stifel Nicolaus increased their price objective on shares of ITT from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. BidaskClub upgraded shares of ITT from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of ITT from a “buy” rating to a “neutral” rating and reduced their target price for the company from $46.00 to $43.00 in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. ITT currently has an average rating of “Buy” and a consensus target price of $46.67.

ITT Company Profile

ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts.

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