383 Shares in ITT Inc. (NYSE:ITT) Acquired by Brooklyn Investment Group

Brooklyn Investment Group acquired a new stake in shares of ITT Inc. (NYSE:ITT) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 383 shares of the conglomerate’s stock, valued at approximately $57,000.

A number of other institutional investors have also recently bought and sold shares of ITT. Price T Rowe Associates Inc. MD grew its holdings in ITT by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 46,408 shares of the conglomerate’s stock valued at $6,313,000 after purchasing an additional 2,637 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in ITT by 5.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,716 shares of the conglomerate’s stock valued at $369,000 after purchasing an additional 144 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in ITT by 71.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 348 shares of the conglomerate’s stock valued at $45,000 after purchasing an additional 145 shares during the period. Lynx Investment Advisory acquired a new position in ITT during the second quarter valued at approximately $27,000. Finally, Fulton Bank N.A. grew its position in shares of ITT by 15.3% in the 2nd quarter. Fulton Bank N.A. now owns 2,594 shares of the conglomerate’s stock valued at $335,000 after purchasing an additional 344 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ITT shares. TD Cowen lifted their price target on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com lowered shares of ITT from a “buy” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group lifted their price target on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Stifel Nicolaus upped their price objective on ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Robert W. Baird decreased their price objective on ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.88.

ITT Stock Performance

ITT opened at $155.60 on Friday. The business’s 50-day simple moving average is $149.49 and its 200 day simple moving average is $139.14. ITT Inc. has a 52-week low of $107.01 and a 52-week high of $161.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58. The firm has a market capitalization of $12.68 billion, a PE ratio of 26.55, a PEG ratio of 2.07 and a beta of 1.41.

ITT (NYSE:ITT) last posted its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.03. The firm had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 EPS. As a group, sell-side analysts expect that ITT Inc. will post 5.84 earnings per share for the current fiscal year.

ITT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.319 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, November 29th. ITT’s dividend payout ratio is currently 21.67%.

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.