ITT Inc. (NYSE:ITT) Stock Holdings Decreased by Albert D Mason Inc.

Albert D Mason Inc. lowered its holdings in shares of ITT Inc. (NYSE:ITT) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,365 shares of the conglomerate’s stock after selling 2,484 shares during the quarter. ITT accounts for 1.8% of Albert D Mason Inc.’s portfolio, making the stock its 8th biggest holding. Albert D Mason Inc.’s holdings in ITT were worth $2,624,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ITT. Select Equity Group L.P. increased its position in shares of ITT by 11.7% during the second quarter. Select Equity Group L.P. now owns 3,340,392 shares of the conglomerate’s stock worth $431,512,000 after acquiring an additional 351,206 shares during the period. State Street Corp increased its holdings in ITT by 1.1% during the 3rd quarter. State Street Corp now owns 2,437,674 shares of the conglomerate’s stock worth $364,457,000 after purchasing an additional 26,133 shares during the period. Geode Capital Management LLC raised its position in ITT by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,369,021 shares of the conglomerate’s stock valued at $204,736,000 after purchasing an additional 8,223 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of ITT by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 954,809 shares of the conglomerate’s stock worth $123,338,000 after buying an additional 50,329 shares during the period. Finally, Westfield Capital Management Co. LP increased its stake in shares of ITT by 4.3% during the third quarter. Westfield Capital Management Co. LP now owns 669,519 shares of the conglomerate’s stock valued at $100,100,000 after buying an additional 27,885 shares during the period. Institutional investors own 91.59% of the company’s stock.

ITT Stock Up 1.4 %

Shares of ITT stock opened at $151.24 on Friday. The stock’s fifty day moving average price is $149.46 and its 200 day moving average price is $143.09. ITT Inc. has a 1-year low of $117.25 and a 1-year high of $161.13. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 1.63 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 (NYSE:ITT) last issued its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. The business had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. On average, research analysts expect that ITT Inc. will post 5.84 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a $0.319 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.84%. ITT’s dividend payout ratio is currently 21.67%.

Wall Street Analyst Weigh In

ITT has been the subject of a number of research reports. Citigroup lowered their price objective on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Robert W. Baird dropped their price objective on shares of ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Wolfe Research initiated coverage on shares of ITT in a research note on Wednesday, December 11th. They issued a “peer perform” rating for the company. Stifel Nicolaus increased their target price on ITT from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group boosted their price target on ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.50.

ITT 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.