ITT Inc. (NYSE:ITT) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC reduced its position in ITT Inc. (NYSE:ITT) by 6.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,693 shares of the conglomerate’s stock after selling 197 shares during the period. Summit Trail Advisors LLC’s holdings in ITT were worth $321,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ITT. M&T Bank Corp boosted its stake in ITT by 3.3% in the fourth quarter. M&T Bank Corp now owns 5,223 shares of the conglomerate’s stock valued at $623,000 after acquiring an additional 168 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in ITT by 3,528.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 907 shares of the conglomerate’s stock worth $108,000 after buying an additional 882 shares during the period. Running Oak Capital LLC lifted its stake in ITT by 11.3% in the fourth quarter. Running Oak Capital LLC now owns 87,879 shares of the conglomerate’s stock valued at $10,486,000 after buying an additional 8,915 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of ITT by 3.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 17,018 shares of the conglomerate’s stock valued at $2,031,000 after acquiring an additional 555 shares during the period. Finally, Retirement Systems of Alabama grew its position in shares of ITT by 2.8% during the fourth quarter. Retirement Systems of Alabama now owns 209,562 shares of the conglomerate’s stock worth $25,005,000 after acquiring an additional 5,761 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ITT has been the subject of a number of analyst reports. Stifel Nicolaus boosted their target price on shares of ITT from $141.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. DA Davidson boosted their price objective on ITT from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Citigroup raised their target price on ITT from $139.00 to $157.00 and gave the company a “buy” rating in a research report on Monday, April 8th. KeyCorp increased their price target on ITT from $136.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, StockNews.com cut shares of ITT from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 6th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $135.57.

ITT Trading Up 2.4 %

Shares of ITT stock opened at $134.63 on Wednesday. The business has a fifty day simple moving average of $129.75 and a 200-day simple moving average of $119.36. ITT Inc. has a fifty-two week low of $75.82 and a fifty-two week high of $138.29. The firm has a market cap of $11.08 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.76 and a beta of 1.43. The company has a quick ratio of 1.08, a current ratio of 1.59 and a debt-to-equity ratio of 0.09.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, May 2nd. The conglomerate reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.06. The company had revenue of $910.60 million during the quarter, compared to the consensus estimate of $883.21 million. ITT had a net margin of 12.41% and a return on equity of 18.21%. ITT’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 EPS. On average, equities analysts forecast that ITT Inc. will post 5.8 EPS for the current fiscal year.

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a $0.319 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.28 annualized dividend and a yield of 0.95%. ITT’s dividend payout ratio (DPR) is 25.10%.

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.