Pacer Advisors Inc. Buys 2,999 Shares of ITT Inc. (NYSE:ITT)

Pacer Advisors Inc. lifted its stake in shares of ITT Inc. (NYSE:ITT) by 17.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,868 shares of the conglomerate’s stock after purchasing an additional 2,999 shares during the quarter. Pacer Advisors Inc.’s holdings in ITT were worth $2,839,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of Montreal Can grew its stake in shares of ITT by 4.0% during the second quarter. Bank of Montreal Can now owns 20,246 shares of the conglomerate’s stock worth $2,651,000 after buying an additional 780 shares during the last quarter. Algert Global LLC bought a new position in ITT in the second quarter valued at about $1,158,000. Creative Planning boosted its position in ITT by 4.6% during the 2nd quarter. Creative Planning now owns 14,029 shares of the conglomerate’s stock worth $1,812,000 after buying an additional 615 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of ITT by 16.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,785 shares of the conglomerate’s stock worth $230,000 after purchasing an additional 253 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in ITT during the 2nd quarter worth about $489,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Price Performance

Shares of NYSE ITT opened at $150.91 on Friday. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.77 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 fifty-two week low of $118.58 and a fifty-two week high of $161.13. The firm’s 50-day simple moving average is $148.78 and its 200 day simple moving average is $144.55.

ITT (NYSE:ITT) last posted its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. ITT had a return on equity of 17.98% and a net margin of 13.67%. The company had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. During the same quarter last year, the company earned $1.37 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, research analysts anticipate that ITT Inc. will post 5.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wolfe Research started coverage on shares of ITT in a report on Wednesday, December 11th. They set a “peer perform” rating for the company. 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. The Goldman Sachs Group boosted their target price on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Robert W. Baird decreased their price target on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Finally, TD Cowen increased their price objective on shares of ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $167.13.

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.