ITT Inc. (NYSE:ITT) Shares Sold by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC lowered its position in ITT Inc. (NYSE:ITT) by 4.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,890 shares of the conglomerate’s stock after selling 370 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in ITT were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Simon Quick Advisors LLC increased its stake in shares of ITT by 21.1% in the fourth quarter. Simon Quick Advisors LLC now owns 6,276 shares of the conglomerate’s stock valued at $897,000 after purchasing an additional 1,093 shares during the period. Fort Washington Investment Advisors Inc. OH increased its stake in shares of ITT by 0.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 136,800 shares of the conglomerate’s stock valued at $19,546,000 after purchasing an additional 390 shares during the period. UMB Bank n.a. boosted its holdings in shares of ITT by 95.8% in the fourth quarter. UMB Bank n.a. now owns 464 shares of the conglomerate’s stock valued at $66,000 after acquiring an additional 227 shares in the last quarter. CGN Advisors LLC bought a new position in shares of ITT in the fourth quarter valued at approximately $1,204,000. Finally, Gateway Investment Advisers LLC boosted its holdings in shares of ITT by 3.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 12,055 shares of the conglomerate’s stock valued at $1,722,000 after acquiring an additional 385 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Trading Down 0.4 %

ITT stock opened at $153.31 on Thursday. The company has a 50 day moving average price of $149.38 and a 200 day moving average price of $143.74. ITT Inc. has a 52 week low of $118.58 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 $12.50 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 1.84 and a beta of 1.41.

ITT (NYSE:ITT) last posted its quarterly earnings data on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. ITT had a net margin of 13.67% and a return on equity of 17.98%. The firm had revenue of $885.20 million during the quarter, compared to analyst estimates of $884.50 million. During the same quarter last year, the business posted $1.37 EPS. The company’s revenue was up 7.7% on a year-over-year basis. Research analysts forecast that ITT Inc. will post 5.84 EPS for the current year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a $0.319 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a yield of 0.83%. ITT’s payout ratio is 21.84%.

Wall Street Analyst Weigh In

ITT has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of ITT from $171.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. KeyCorp increased their price objective on shares of ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup decreased their price objective 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. StockNews.com cut shares of ITT from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Wolfe Research began coverage on shares of ITT in a report on Wednesday, December 11th. They set a “peer perform” rating for the company. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $167.25.

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.