ITT Inc. (NYSE:ITT) Shares Purchased by Interval Partners LP

Interval Partners LP boosted its holdings in ITT Inc. (NYSE:ITT) by 29.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,229 shares of the conglomerate’s stock after buying an additional 16,326 shares during the period. Interval Partners LP’s holdings in ITT were worth $9,825,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ITT. Zurich Insurance Group Ltd FI purchased a new position in shares of ITT during the 1st quarter worth about $1,388,000. SVB Wealth LLC raised its stake in ITT by 8.7% during the first quarter. SVB Wealth LLC now owns 2,900 shares of the conglomerate’s stock worth $394,000 after purchasing an additional 232 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of ITT by 2.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 59,640 shares of the conglomerate’s stock valued at $8,113,000 after purchasing an additional 1,565 shares during the last quarter. Aristides Capital LLC purchased a new stake in shares of ITT during the 1st quarter valued at $279,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of ITT by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,408 shares of the conglomerate’s stock worth $6,313,000 after buying an additional 2,637 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Stock Down 0.0 %

ITT stock traded down $0.03 during midday trading on Tuesday, hitting $140.82. 353,411 shares of the company were exchanged, compared to its average volume of 384,884. The company has a market cap of $11.59 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 1.82 and a beta of 1.42. ITT Inc. has a fifty-two week low of $91.94 and a fifty-two week high of $144.03. The company’s fifty day moving average price is $132.35 and its 200-day moving average price is $129.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.08.

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 analysts’ consensus estimates of $1.36 by $0.06. The company had revenue of $910.60 million for the quarter, compared to analyst estimates of $883.21 million. ITT had a net margin of 12.41% and a return on equity of 18.21%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. On average, research analysts predict that ITT Inc. will post 5.85 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were given a $0.319 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 0.91%. ITT’s payout ratio is currently 25.10%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ITT. KeyCorp lifted their target price on ITT from $136.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. TD Cowen lifted their price objective on ITT from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Stifel Nicolaus increased their target price on shares of ITT from $150.00 to $157.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. UBS Group raised their price target on shares of ITT from $135.00 to $158.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Citigroup boosted their price objective on shares of ITT from $139.00 to $157.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $144.88.

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.