ITT Inc. (NYSE:ITT) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its position in ITT Inc. (NYSE:ITT) by 16.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,868 shares of the conglomerate’s stock after purchasing an additional 10,356 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.09% of ITT worth $10,269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ITT. Raymond James Financial Inc. acquired a new stake in shares of ITT in the 4th quarter valued at $73,762,000. Proficio Capital Partners LLC acquired a new stake in shares of ITT in the 4th quarter valued at $19,345,000. Boston Partners raised its holdings in shares of ITT by 7.0% in the 4th quarter. Boston Partners now owns 930,069 shares of the conglomerate’s stock valued at $132,915,000 after purchasing an additional 61,132 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of ITT by 34.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 198,550 shares of the conglomerate’s stock valued at $28,369,000 after purchasing an additional 50,384 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of ITT in the 3rd quarter valued at $7,075,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their price target on shares of ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Citigroup cut their price target on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. UBS Group lifted their price target 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. StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, Wolfe Research assumed coverage on shares of ITT in a research note on Wednesday, December 11th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $168.38.

ITT Trading Down 0.2 %

Shares of ITT stock opened at $134.83 on Friday. ITT Inc. has a 1 year low of $121.01 and a 1 year high of $161.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The company has a market capitalization of $10.97 billion, a P/E ratio of 21.40, a PEG ratio of 1.89 and a beta of 1.42. The company’s fifty day moving average is $143.61 and its two-hundred day moving average is $145.84.

ITT (NYSE:ITT) last issued its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. Analysts forecast that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be issued a $0.351 dividend. This is an increase from ITT’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 6th. This represents a $1.40 annualized dividend and a dividend yield of 1.04%. ITT’s payout ratio is presently 22.22%.

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.