King Luther Capital Management Corp Purchases 148 Shares of ITT Inc. (NYSE:ITT)

King Luther Capital Management Corp lifted its holdings in ITT Inc. (NYSE:ITT) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,372 shares of the conglomerate’s stock after acquiring an additional 148 shares during the quarter. King Luther Capital Management Corp owned approximately 0.07% of ITT worth $8,054,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. State Street Corp boosted its stake in ITT by 1.1% in the third quarter. State Street Corp now owns 2,437,674 shares of the conglomerate’s stock worth $364,457,000 after purchasing an additional 26,133 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of ITT by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,369,021 shares of the conglomerate’s stock valued at $204,736,000 after buying an additional 8,223 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of ITT by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 761,599 shares of the conglomerate’s stock valued at $108,817,000 after buying an additional 3,727 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in ITT by 4.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 669,519 shares of the conglomerate’s stock worth $100,100,000 after buying an additional 27,885 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in ITT by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 517,307 shares of the conglomerate’s stock worth $73,913,000 after acquiring an additional 3,424 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

ITT Stock Down 0.7 %

Shares of NYSE ITT opened at $133.89 on Wednesday. The firm has a 50 day moving average price of $144.90 and a 200 day moving average price of $146.05. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a market cap of $10.90 billion, a P/E ratio of 21.25, a P/E/G ratio of 1.89 and a beta of 1.42. ITT Inc. has a 52-week low of $121.01 and a 52-week high of $161.13.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, beating 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%. Analysts expect that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be given a $0.351 dividend. The ex-dividend date of this dividend 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 1.05%. ITT’s payout ratio is currently 22.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ITT shares. Wolfe Research started coverage on shares of ITT in a research note on Wednesday, December 11th. They issued a “peer perform” rating for the company. Citigroup lowered their price target on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group upped their price objective on ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, February 7th. StockNews.com raised ITT from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, KeyCorp upped their price target on ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ITT presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.38.

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.