Vanguard Personalized Indexing Management LLC Purchases 6,057 Shares of ITT Inc. $ITT

Vanguard Personalized Indexing Management LLC grew its position in shares of ITT Inc. (NYSE:ITT) by 18.2% in the third quarter, HoldingsChannel reports. The fund owned 39,325 shares of the conglomerate’s stock after acquiring an additional 6,057 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in ITT were worth $7,030,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Covestor Ltd boosted its holdings in ITT by 15.3% during the third quarter. Covestor Ltd now owns 512 shares of the conglomerate’s stock worth $92,000 after purchasing an additional 68 shares during the last quarter. Merit Financial Group LLC lifted its position in ITT by 1.5% during the 3rd quarter. Merit Financial Group LLC now owns 4,725 shares of the conglomerate’s stock worth $845,000 after buying an additional 69 shares in the last quarter. Unique Wealth LLC lifted its position in ITT by 1.9% during the 3rd quarter. Unique Wealth LLC now owns 4,107 shares of the conglomerate’s stock worth $734,000 after buying an additional 75 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of ITT by 2.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,427 shares of the conglomerate’s stock worth $537,000 after buying an additional 97 shares during the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of ITT by 3.5% in the 2nd quarter. Mutual Advisors LLC now owns 2,923 shares of the conglomerate’s stock valued at $472,000 after acquiring an additional 98 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Trading Down 0.6%

ITT stock opened at $182.99 on Wednesday. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $197.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.52. The company’s 50-day simple moving average is $179.07 and its 200 day simple moving average is $175.42. The company has a market capitalization of $15.74 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 1.66 and a beta of 1.37.

ITT (NYSE:ITT) last issued its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.11. ITT had a return on equity of 18.96% and a net margin of 12.67%.The business had revenue of $999.10 million for the quarter, compared to the consensus estimate of $973.69 million. During the same quarter in the prior year, the business posted $1.46 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current year.

Insider Activity

In related news, CAO Mesa Graziano Cheryl De sold 238 shares of ITT stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $183.08, for a total value of $43,573.04. Following the transaction, the chief accounting officer directly owned 5,062 shares of the company’s stock, valued at $926,750.96. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Emmanuel Caprais sold 5,500 shares of ITT stock in a transaction on Friday, October 31st. The shares were sold at an average price of $185.23, for a total value of $1,018,765.00. Following the completion of the transaction, the chief financial officer owned 36,830 shares in the company, valued at approximately $6,822,020.90. The trade was a 12.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ITT shares. Stifel Nicolaus decreased their price target on ITT from $225.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Citigroup raised their target price on shares of ITT from $207.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. TD Cowen reaffirmed a “buy” rating on shares of ITT in a research report on Thursday, October 2nd. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, KeyCorp boosted their price objective on shares of ITT from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $206.25.

ITT Company Profile

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company’s operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.