ITT Inc. (NYSE:ITT) Shares Bought by Boston Partners

Boston Partners grew its position in shares of ITT Inc. (NYSE:ITT) by 7.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 930,069 shares of the conglomerate’s stock after purchasing an additional 61,132 shares during the quarter. Boston Partners owned 1.14% of ITT worth $132,915,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new position in shares of ITT during the 4th quarter valued at $26,000. Resources Management Corp CT ADV bought a new stake in shares of ITT during the 3rd quarter worth $30,000. ORG Wealth Partners LLC bought a new stake in shares of ITT during the 4th quarter worth $30,000. Whipplewood Advisors LLC bought a new stake in shares of ITT during the 4th quarter worth $34,000. Finally, Private Trust Co. NA boosted its stake in shares of ITT by 232.2% during the 3rd quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock worth $45,000 after acquiring an additional 209 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on ITT. Stifel Nicolaus reduced their price objective on ITT from $180.00 to $179.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Wolfe Research began coverage on ITT in a research note on Wednesday, December 11th. They set a “peer perform” rating for the company. KeyCorp raised their price objective on ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. StockNews.com raised ITT from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, UBS Group raised their target price on ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $168.38.

ITT Price Performance

ITT opened at $134.40 on Wednesday. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.89 and a beta of 1.42. ITT Inc. has a 1 year low of $121.01 and a 1 year high of $161.13. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $143.97 and a 200 day moving average price of $145.92.

ITT (NYSE:ITT) last released its quarterly earnings data 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 return on equity of 18.03% and a net margin of 14.27%. Analysts forecast that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be given a dividend of $0.351 per share. This is a boost from ITT’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.04%. ITT’s dividend payout ratio (DPR) is presently 22.22%.

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.