Town & Country Bank & Trust CO dba First Bankers Trust CO Purchases Shares of 1,500 ITT Inc. (NYSE:ITT)

Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new position in shares of ITT Inc. (NYSE:ITT) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,500 shares of the conglomerate’s stock, valued at approximately $204,000.

Other hedge funds have also recently modified their holdings of the company. Capital International Investors increased its position in shares of ITT by 0.3% in the 4th quarter. Capital International Investors now owns 9,414,867 shares of the conglomerate’s stock valued at $1,123,533,000 after acquiring an additional 29,057 shares during the period. Vanguard Group Inc. boosted its position in ITT by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 8,463,809 shares of the conglomerate’s stock valued at $1,009,902,000 after buying an additional 65,173 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in ITT by 1.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,354,082 shares of the conglomerate’s stock worth $132,581,000 after buying an additional 14,857 shares during the period. Norges Bank acquired a new position in ITT in the 4th quarter worth approximately $102,709,000. Finally, Fiduciary Management Inc. WI raised its position in ITT by 3.8% during the 4th quarter. Fiduciary Management Inc. WI now owns 742,571 shares of the conglomerate’s stock worth $88,604,000 after buying an additional 27,210 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Price Performance

Shares of NYSE:ITT traded up $1.63 during midday trading on Friday, reaching $129.18. 603,782 shares of the company’s stock traded hands, compared to its average volume of 387,135. The company has a fifty day simple moving average of $131.90 and a two-hundred day simple moving average of $126.79. ITT Inc. has a 1 year low of $90.33 and a 1 year high of $140.20. The company has a market cap of $10.63 billion, a P/E ratio of 25.33, a PEG ratio of 1.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.08 and a current ratio of 1.59.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, May 2nd. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.06. The business had revenue of $910.60 million for the quarter, compared to the consensus estimate of $883.21 million. ITT had a net margin of 12.41% and a return on equity of 18.21%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Equities analysts predict that ITT Inc. will post 5.85 EPS for the current fiscal year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.319 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.99%. ITT’s payout ratio is currently 25.10%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. KeyCorp increased their price objective on shares of ITT from $136.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Stifel Nicolaus boosted their price objective on ITT from $141.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Citigroup raised their target price on ITT from $139.00 to $157.00 and gave the stock a “buy” rating in a report on Monday, April 8th. UBS Group boosted their price target on ITT from $135.00 to $158.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, DA Davidson raised their price objective on shares of ITT from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $138.38.

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.