R Squared Ltd Acquires Shares of 2,160 ITT Inc. (NYSE:ITT)

R Squared Ltd bought a new position in ITT Inc. (NYSE:ITT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,160 shares of the conglomerate’s stock, valued at approximately $309,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ITT. Capital Performance Advisors LLP bought a new position in ITT in the 3rd quarter worth $26,000. Resources Management Corp CT ADV bought a new position in ITT in the third quarter worth about $30,000. ORG Wealth Partners LLC purchased a new stake in ITT in the fourth quarter worth about $30,000. UMB Bank n.a. boosted its position in ITT by 315.8% during the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock valued at $35,000 after acquiring an additional 180 shares in the last quarter. Finally, Quent Capital LLC grew its holdings in shares of ITT by 53.9% during the 3rd quarter. Quent Capital LLC now owns 294 shares of the conglomerate’s stock worth $44,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

ITT stock opened at $146.33 on Wednesday. The company has a market cap of $11.93 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. ITT Inc. has a 1 year low of $118.58 and a 1 year high of $161.13. The stock’s fifty day moving average price is $149.10 and its 200-day moving average price is $144.38.

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

Analyst Ratings Changes

A number of research analysts have recently commented on ITT shares. Citigroup lowered their target price on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Stifel Nicolaus decreased their price target on shares of ITT from $180.00 to $179.00 and set a “buy” rating for the company in a research note on Friday, January 24th. TD Cowen boosted their price objective on shares of ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Wolfe Research assumed coverage on ITT in a research report on Wednesday, December 11th. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $167.13.

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.