Unique Wealth LLC Boosts Stock Holdings in ITT Inc. (NYSE:ITT)

Unique Wealth LLC increased its holdings in ITT Inc. (NYSE:ITT) by 68.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,524 shares of the conglomerate’s stock after buying an additional 1,022 shares during the quarter. Unique Wealth LLC’s holdings in ITT were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ITT. Algert Global LLC acquired a new position in ITT in the 2nd quarter valued at about $1,158,000. Eagle Asset Management Inc. purchased a new position in shares of ITT during the third quarter worth about $67,503,000. AQR Capital Management LLC increased its position in ITT by 115.6% during the second quarter. AQR Capital Management LLC now owns 245,676 shares of the conglomerate’s stock worth $31,717,000 after buying an additional 131,708 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of ITT by 46.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 95,398 shares of the conglomerate’s stock worth $14,263,000 after buying an additional 30,320 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of ITT by 16,832.5% during the third quarter. International Assets Investment Management LLC now owns 14,054 shares of the conglomerate’s stock worth $2,101,000 after purchasing an additional 13,971 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Price Performance

Shares of ITT stock opened at $139.50 on Tuesday. The stock’s fifty day moving average is $149.71 and its 200-day moving average is $142.76. The stock has a market capitalization of $11.37 billion, a PE ratio of 23.81, a PEG ratio of 1.95 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58. ITT Inc. has a 52 week low of $116.59 and a 52 week high of $161.13.

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, topping the consensus estimate of $1.43 by $0.03. The company had revenue of $885.20 million during the quarter, compared to the consensus estimate of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. Equities research analysts expect that ITT Inc. will post 5.84 EPS for the current fiscal year.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a $0.319 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Friday, November 29th. ITT’s dividend payout ratio (DPR) is presently 21.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. KeyCorp upped their price target on shares of ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. TD Cowen increased their target price on ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus boosted their target price on shares of ITT from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Citigroup reduced 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. Finally, Robert W. Baird cut their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.50.

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.