Leeward Investments LLC MA Sells 1,684 Shares of ITT Inc. (NYSE:ITT)

Leeward Investments LLC MA cut its holdings in ITT Inc. (NYSE:ITT) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,576 shares of the conglomerate’s stock after selling 1,684 shares during the quarter. ITT makes up approximately 1.2% of Leeward Investments LLC MA’s holdings, making the stock its 17th largest holding. Leeward Investments LLC MA owned about 0.26% of ITT worth $25,007,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its holdings in ITT by 1.9% in the third quarter. FMR LLC now owns 7,581,649 shares of the conglomerate’s stock worth $742,319,000 after buying an additional 144,394 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in ITT by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,732,008 shares of the conglomerate’s stock worth $169,581,000 after buying an additional 5,495 shares during the period. Ameriprise Financial Inc. lifted its holdings in ITT by 1.1% in the third quarter. Ameriprise Financial Inc. now owns 1,354,082 shares of the conglomerate’s stock worth $132,581,000 after buying an additional 14,857 shares during the period. Invesco Ltd. lifted its holdings in ITT by 46.6% in the third quarter. Invesco Ltd. now owns 614,131 shares of the conglomerate’s stock worth $60,130,000 after buying an additional 195,111 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in ITT by 7.2% in the third quarter. Westfield Capital Management Co. LP now owns 602,444 shares of the conglomerate’s stock worth $58,985,000 after buying an additional 40,612 shares during the period. 91.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

ITT has been the subject of several recent research reports. KeyCorp lifted their target price on shares of ITT from $136.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. DA Davidson lifted their target price on shares of ITT from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. Stifel Nicolaus lifted their target price on shares of ITT from $141.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. StockNews.com lowered shares of ITT from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 6th. Finally, Citigroup lifted their target price on shares of ITT from $139.00 to $157.00 and gave the company a “buy” rating in a report on Monday, April 8th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, ITT currently has an average rating of “Buy” and a consensus target price of $135.57.

ITT Trading Up 0.7 %

ITT stock opened at $131.10 on Friday. The stock has a market capitalization of $10.78 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.78 and a beta of 1.43. ITT Inc. has a 12-month low of $75.82 and a 12-month high of $138.29. The stock’s 50 day simple moving average is $128.97 and its 200 day simple moving average is $117.52.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, February 8th. The conglomerate reported $1.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.34. The business had revenue of $829.10 million for the quarter, compared to analysts’ expectations of $814.38 million. ITT had a return on equity of 17.91% and a net margin of 12.50%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.29 EPS. On average, research analysts predict that ITT Inc. will post 5.8 earnings per share for the current year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were paid a dividend of $0.319 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from ITT’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. ITT’s payout ratio is currently 25.81%.

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.