Mesirow Institutional Investment Management Inc. Has $15.05 Million Holdings in ITT Inc. (NYSE:ITT)

Mesirow Institutional Investment Management Inc. raised its position in ITT Inc. (NYSE:ITT) by 9.9% during the fourth quarter, Holdings Channel reports. The firm owned 105,358 shares of the conglomerate’s stock after purchasing an additional 9,476 shares during the period. Mesirow Institutional Investment Management Inc.’s holdings in ITT were worth $15,054,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in ITT by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 517,307 shares of the conglomerate’s stock valued at $73,913,000 after buying an additional 3,424 shares during the period. Venturi Wealth Management LLC raised its position in shares of ITT by 880.0% in the 4th quarter. Venturi Wealth Management LLC now owns 2,156 shares of the conglomerate’s stock worth $308,000 after acquiring an additional 1,936 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of ITT by 422.7% in the 4th quarter. AlphaQuest LLC now owns 4,208 shares of the conglomerate’s stock valued at $601,000 after purchasing an additional 3,403 shares during the period. ING Groep NV bought a new stake in shares of ITT during the 4th quarter valued at about $1,214,000. Finally, Intech Investment Management LLC grew its stake in ITT by 218.0% during the fourth quarter. Intech Investment Management LLC now owns 14,051 shares of the conglomerate’s stock worth $2,008,000 after purchasing an additional 9,633 shares during the period. 91.59% of the stock is owned by institutional investors.

ITT Trading Up 0.9 %

Shares of ITT stock opened at $127.93 on Friday. The firm has a market cap of $10.36 billion, a PE ratio of 20.31, a P/E/G ratio of 1.89 and a beta of 1.36. ITT Inc. has a 1 year low of $105.64 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 stock has a fifty day moving average price of $133.86 and a 200-day moving average price of $143.65.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, topping the consensus estimate of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. Equities research analysts anticipate that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were issued a dividend of $0.351 per share. The ex-dividend date was 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 1.10%. ITT’s dividend payout ratio is 22.22%.

Analyst Upgrades and Downgrades

ITT has been the topic of a number of research reports. KeyCorp dropped their target price on shares of ITT from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. StockNews.com upgraded ITT from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Citigroup cut their price target on ITT from $181.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Stifel Nicolaus decreased their price objective on ITT from $179.00 to $148.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, UBS Group lifted their price target on shares of 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $158.57.

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.