ITT Inc. (NYSE:ITT) Shares Sold by Rational Advisors LLC

Rational Advisors LLC cut its stake in shares of ITT Inc. (NYSE:ITT) by 6.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 16,100 shares of the conglomerate’s stock after selling 1,100 shares during the period. Rational Advisors LLC’s holdings in ITT were worth $2,300,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ITT. Eagle Asset Management Inc. acquired a new stake in shares of ITT in the third quarter worth approximately $67,503,000. Erste Asset Management GmbH acquired a new stake in ITT during the 3rd quarter worth $7,075,000. Polar Asset Management Partners Inc. grew its holdings in shares of ITT by 68.9% during the third quarter. Polar Asset Management Partners Inc. now owns 111,000 shares of the conglomerate’s stock worth $16,596,000 after buying an additional 45,300 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of ITT by 15.4% in the third quarter. Victory Capital Management Inc. now owns 306,516 shares of the conglomerate’s stock worth $45,827,000 after buying an additional 40,860 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in ITT by 46.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 95,398 shares of the conglomerate’s stock worth $14,263,000 after acquiring an additional 30,320 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Stock Down 0.2 %

Shares of ITT opened at $147.58 on Monday. The company’s 50-day moving average price is $146.88 and its 200 day moving average price is $145.12. ITT Inc. has a 12-month low of $121.01 and a 12-month high of $161.13. The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.08. The firm has a market cap of $12.03 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 1.80 and a beta of 1.41.

ITT (NYSE:ITT) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (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%. On average, sell-side analysts forecast that ITT Inc. will post 6.33 earnings per share for the current year.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be given a dividend of $0.351 per share. 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 0.95%. The ex-dividend date of this dividend is Thursday, March 6th. ITT’s dividend payout ratio (DPR) is currently 20.32%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ITT. UBS Group raised their target price on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Stifel Nicolaus reduced their price objective on ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. TD Cowen raised their target price on ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Citigroup lowered their price target on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, KeyCorp raised their price objective on shares of ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $168.38.

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.