CANADA LIFE ASSURANCE Co Sells 2,524 Shares of ITT Inc. (NYSE:ITT)

CANADA LIFE ASSURANCE Co decreased its position in shares of ITT Inc. (NYSE:ITT) by 4.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 57,538 shares of the conglomerate’s stock after selling 2,524 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in ITT were worth $8,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ITT shares. Stifel Nicolaus decreased their price target on shares of ITT from $179.00 to $148.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Citigroup decreased their target price on shares of ITT from $181.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. UBS Group increased their price target on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, February 7th. StockNews.com upgraded ITT from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, KeyCorp dropped their target price on ITT from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, ITT has a consensus rating of “Moderate Buy” and a consensus price target of $158.57.

ITT Trading Up 3.4 %

NYSE ITT opened at $129.71 on Wednesday. The firm has a market capitalization of $10.50 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The business’s 50-day moving average price is $133.10 and its two-hundred day moving average price is $143.38. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $161.13.

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

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 6th were given a dividend of $0.351 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.08%. ITT’s dividend payout ratio is 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.