ITT Inc. (NYSE:ITT) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC decreased its position in ITT Inc. (NYSE:ITT) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 787,217 shares of the conglomerate’s stock after selling 77,799 shares during the period. ITT makes up approximately 1.0% of GW&K Investment Management LLC’s holdings, making the stock its 11th biggest position. GW&K Investment Management LLC owned 0.97% of ITT worth $112,478,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ITT. Capital Performance Advisors LLP bought a new position in ITT in the 3rd quarter worth approximately $26,000. Resources Management Corp CT ADV acquired a new position in ITT during the 3rd quarter worth $30,000. ORG Wealth Partners LLC acquired a new position in shares of ITT during the fourth quarter valued at $30,000. Whipplewood Advisors LLC acquired a new position in shares of ITT during the fourth quarter valued at $34,000. Finally, Private Trust Co. NA raised its stake in shares of ITT by 232.2% during the third quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock valued at $45,000 after purchasing an additional 209 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, February 7th. KeyCorp raised their price objective on shares of ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Citigroup dropped their target price on ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wolfe Research began coverage on ITT in a research note on Wednesday, December 11th. They set a “peer perform” rating for the company. Finally, TD Cowen boosted their price objective on ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.38.

ITT Trading Down 1.4 %

ITT stock opened at $140.59 on Friday. The firm has a market cap of $11.44 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 1.89 and a beta of 1.41. ITT Inc. has a 1 year low of $121.01 and a 1 year high of $161.13. The firm’s 50 day moving average price is $145.92 and its two-hundred day moving average price is $145.77. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40.

ITT (NYSE:ITT) last issued its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts predict that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from ITT’s previous quarterly dividend of $0.32. ITT’s payout ratio 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.