Mutual of America Capital Management LLC Sells 1,104 Shares of ITT Inc. (NYSE:ITT)

Mutual of America Capital Management LLC lowered its holdings in ITT Inc. (NYSE:ITT) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,053 shares of the conglomerate’s stock after selling 1,104 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of ITT worth $6,151,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of ITT during the third quarter valued at about $26,000. Resources Management Corp CT ADV bought a new position in ITT in the 3rd quarter valued at about $30,000. ORG Wealth Partners LLC bought a new position in ITT in the 4th quarter valued at about $30,000. Whipplewood Advisors LLC acquired a new position in ITT during the 4th quarter valued at about $34,000. Finally, Private Trust Co. NA increased its holdings in ITT by 232.2% during the 3rd quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock worth $45,000 after purchasing an additional 209 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

NYSE ITT opened at $137.30 on Tuesday. The company has a market capitalization of $11.18 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 1.89 and a beta of 1.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. ITT Inc. has a 52-week low of $121.01 and a 52-week high of $161.13. The company has a 50-day simple moving average of $145.76 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 earnings per share (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%. On average, research analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be paid a $0.351 dividend. The ex-dividend date is Thursday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.02%. ITT’s payout ratio is presently 22.22%.

Analyst Upgrades and Downgrades

ITT has been the topic of several analyst reports. 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. Stifel Nicolaus cut their price objective 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. Citigroup reduced their target price on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, KeyCorp increased their price objective on shares of ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. One 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.38.

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.