2 weeks Ago By ABMN Staff
HBK Sorce Advisory LLC decreased its position in shares of ITT Inc. ( NYSE:ITT – Free Report ) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 2,206 shares of the conglomerate’s stock after selling 100 shares during the quarter. HBK Sorce Advisory LLC’s holdings in ITT were worth $285,000 as of its most recent SEC filing. A number of other large investors have also recently bought and sold shares of ITT.
Ontario Teachers Pension Plan Board acquired a new stake in ITT during the 4th quarter valued at approximately $992,000. Vanguard Group Inc. lifted its position in ITT by 0.
8% during the fourth quarter. Vanguard Group Inc. now owns 8,463,809 shares of the conglomerate’s stock valued at $1,009,902,000 after purchasing an additional 65,173 shares during the period.
SageView Advisory Group LLC boosted its holdings in ITT by 383.3% in the first quarter. SageView Advisory Group LLC now owns 9,666 shares of the conglomerate’s stock valued at $1,315,000 after purchasing an additional 7,666 shares during the last quarter.
Norges Bank acquired a new stake in ITT during the 4th quarter worth about $102,709,000. Finally, Mirae Asset Global Investments Co. Ltd.
raised its stake in shares of ITT by 6.0% during the 1st quarter. Mirae Asset Global Investments Co.
Ltd. now owns 108,105 shares of the conglomerate’s stock valued at $14,706,000 after buying an additional 6,143 shares during the last quarter. Hedge funds and other institutional investors own 91.
59% of the company’s stock. Analyst Ratings Changes ITT has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on ITT from $150.
00 to $157.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. KeyCorp raised their price objective on shares of ITT from $150.
00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, TD Cowen lifted their target price on shares of ITT from $125.
00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 15th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $151.
00. ITT Trading Up 1.4 % Shares of ITT stock opened at $135.
35 on Monday. ITT Inc. has a 1-year low of $91.
94 and a 1-year high of $149.65. The company has a market cap of $11.
14 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.71 and a beta of 1.
40. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.
55 and a quick ratio of 1.10. The stock has a 50 day simple moving average of $134.
96 and a 200-day simple moving average of $132.28. ITT ( NYSE:ITT – Get Free Report ) last posted its quarterly earnings data on Thursday, August 1st.
The conglomerate reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.
03. ITT had a net margin of 12.47% and a return on equity of 18.
30%. The company had revenue of $905.90 million during the quarter, compared to analysts’ expectations of $916.
38 million. During the same period in the prior year, the business posted $1.33 earnings per share.
The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts expect that ITT Inc.
will post 5.84 EPS for the current fiscal year. ITT Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th.
Investors of record on Tuesday, September 3rd will be issued a $0.319 dividend. This represents a $1.
28 annualized dividend and a yield of 0.94%. The ex-dividend date is Tuesday, September 3rd.
ITT’s payout ratio is 24.90%. ITT Company Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for ITT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITT and related companies with MarketBeat.com's FREE daily email newsletter .
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