Loomis Sayles & Co. L P Has $54.46 Million Stock Position in ITT Inc. (NYSE:ITT)

Loomis Sayles & Co. L P cut its holdings in ITT Inc. (NYSE:ITT) by 0.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 381,167 shares of the conglomerate’s stock after selling 413 shares during the period. Loomis Sayles & Co. L P’s holdings in ITT were worth $54,461,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ITT. Rialto Wealth Management LLC bought a new stake in ITT in the 4th quarter valued at about $26,000. Resources Management Corp CT ADV acquired a new stake in shares of ITT in the third quarter valued at approximately $30,000. ORG Wealth Partners LLC bought a new stake in shares of ITT in the fourth quarter valued at approximately $30,000. Whipplewood Advisors LLC acquired a new stake in ITT during the fourth quarter worth approximately $34,000. Finally, Private Trust Co. NA grew its position in ITT by 232.2% during the third quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock worth $45,000 after buying an additional 209 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ITT has been the subject of a number of recent analyst reports. Citigroup cut their target price on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wolfe Research assumed coverage on shares of ITT in a research note on Wednesday, December 11th. They set a “peer perform” rating on the stock. Stifel Nicolaus decreased their target price on shares of ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a report on Friday, January 24th. StockNews.com raised shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, UBS Group lifted their target price on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $170.29.

ITT Stock Down 1.2 %

Shares of NYSE ITT opened at $137.81 on Thursday. ITT Inc. has a 1 year low of $121.01 and a 1 year high of $161.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. The firm has a market cap of $11.22 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42. The company has a 50 day simple moving average of $143.38 and a 200 day simple moving average of $146.01.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, topping 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%. On average, research analysts forecast that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be given a dividend of $0.351 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.02%. This is an increase from ITT’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 6th. ITT’s dividend payout ratio (DPR) is 22.22%.

ITT Company 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.