ITT Inc. (NYSE:ITT) Shares Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P boosted its holdings in ITT Inc. (NYSE:ITT) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 381,580 shares of the conglomerate’s stock after buying an additional 4,271 shares during the quarter. Loomis Sayles & Co. L P owned 0.47% of ITT worth $57,050,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of ITT in the 3rd quarter worth $26,000. Lynx Investment Advisory purchased a new position in ITT in the 2nd quarter worth about $27,000. Headlands Technologies LLC acquired a new stake in ITT during the 2nd quarter worth about $32,000. UMB Bank n.a. lifted its stake in ITT by 315.8% during the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock valued at $35,000 after buying an additional 180 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of ITT in the second quarter worth about $36,000. Institutional investors own 91.59% of the company’s stock.

ITT Price Performance

ITT opened at $158.38 on Monday. The stock has a fifty day moving average price of $148.28 and a 200 day moving average price of $138.73. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. ITT Inc. has a 1 year low of $107.01 and a 1 year high of $158.56. The stock has a market cap of $12.91 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 2.05 and a beta of 1.41.

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

ITT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.319 per share. The ex-dividend date is Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.81%. ITT’s dividend payout ratio is currently 21.84%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. TD Cowen upped their price target on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their target price on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, October 10th. KeyCorp raised their target price on ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Stifel Nicolaus upped their price target on ITT from $157.00 to $167.00 and gave the company 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 research report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $161.88.

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.