ITT Inc. (NYSE:ITT) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC decreased its stake in ITT Inc. (NYSE:ITT) by 5.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,912 shares of the conglomerate’s stock after selling 1,248 shares during the period. Keeley Teton Advisors LLC’s holdings in ITT were worth $2,845,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in shares of ITT during the fourth quarter worth about $26,000. ORG Wealth Partners LLC acquired a new stake in ITT during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new stake in shares of ITT during the fourth quarter worth approximately $34,000. V Square Quantitative Management LLC lifted its holdings in shares of ITT by 79.1% during the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate’s stock worth $59,000 after purchasing an additional 182 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in ITT by 291.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate’s stock valued at $59,000 after buying an additional 309 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. KeyCorp lowered their price target on shares of ITT from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. UBS Group upped their target price 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. Stifel Nicolaus lowered their price target on ITT from $179.00 to $148.00 and set a “buy” rating on the stock in a report on Monday. Finally, Citigroup decreased their target price on ITT from $181.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday. One equities 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, ITT currently has a consensus rating of “Moderate Buy” and an average price target of $158.57.

ITT Price Performance

NYSE:ITT opened at $126.88 on Tuesday. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. ITT Inc. has a 12-month low of $105.64 and a 12-month high of $161.13. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average is $135.38 and its two-hundred day moving average is $144.21.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. Research analysts expect that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 6th were issued a $0.351 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.11%. This is an increase from ITT’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, March 6th. ITT’s payout ratio is presently 22.22%.

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.