Everhart Financial Group Inc. Has $1.19 Million Holdings in ITT Inc. (NYSE:ITT)

Everhart Financial Group Inc. increased its holdings in ITT Inc. (NYSE:ITT) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,302 shares of the conglomerate’s stock after acquiring an additional 617 shares during the period. Everhart Financial Group Inc.’s holdings in ITT were worth $1,186,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ITT. Capital Performance Advisors LLP acquired a new stake in shares of ITT in the 3rd quarter worth about $26,000. Resources Management Corp CT ADV acquired a new stake in shares of ITT in the 3rd quarter worth about $30,000. ORG Wealth Partners LLC acquired a new stake in shares of ITT in the 4th quarter worth about $30,000. Private Trust Co. NA raised its holdings in shares of ITT by 232.2% in the 3rd quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock worth $45,000 after acquiring an additional 209 shares during the last quarter. Finally, Coastline Trust Co acquired a new stake in shares of ITT in the 3rd quarter worth about $48,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

ITT has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Robert W. Baird reduced their price objective on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Wolfe Research initiated coverage on shares of ITT in a research report on Wednesday, December 11th. They issued a “peer perform” rating for the company. UBS Group upped their price objective on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, KeyCorp upped their price objective on shares of ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.38.

ITT Stock Down 0.2 %

ITT stock opened at $147.58 on Friday. ITT Inc. has a twelve month low of $121.01 and a twelve month high of $161.13. The firm has a 50 day moving average price of $146.88 and a 200-day moving average price of $145.09. The company has a market capitalization of $12.01 billion, a P/E ratio of 23.43, a P/E/G ratio of 1.80 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 0.08.

ITT (NYSE:ITT) last released its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. As a group, equities analysts predict that ITT Inc. will post 6.33 EPS for the current year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be issued a $0.351 dividend. The ex-dividend date is Thursday, March 6th. This is an increase from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 0.95%. ITT’s dividend payout ratio (DPR) is 22.22%.

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.