ITT Inc. (NYSE:ITT) Holdings Raised by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of ITT Inc. (NYSE:ITT) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,488 shares of the conglomerate’s stock after purchasing an additional 1,176 shares during the period. Natixis Advisors LLC owned about 0.09% of ITT worth $10,214,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ITT. CIBC Asset Management Inc lifted its holdings in shares of ITT by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate’s stock valued at $360,000 after purchasing an additional 87 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in ITT by 30.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 77,957 shares of the conglomerate’s stock worth $11,655,000 after acquiring an additional 18,045 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in ITT by 0.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 33,439 shares of the conglomerate’s stock worth $4,999,000 after acquiring an additional 178 shares in the last quarter. Commerce Bank lifted its stake in ITT by 3.1% in the 3rd quarter. Commerce Bank now owns 11,901 shares of the conglomerate’s stock worth $1,779,000 after acquiring an additional 362 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in ITT by 262.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,320 shares of the conglomerate’s stock worth $197,000 after acquiring an additional 956 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com raised ITT from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Wolfe Research assumed coverage on ITT in a research note on Wednesday, December 11th. They issued a “peer perform” rating for the company. Stifel Nicolaus reduced their price objective on ITT from $180.00 to $179.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Citigroup cut their price target on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, KeyCorp raised their price target on ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, ITT has an average rating of “Moderate Buy” and a consensus target price of $168.38.

ITT Stock Performance

Shares of NYSE ITT opened at $134.93 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 1.89 and a beta of 1.42. The business’s 50-day simple moving average is $143.70 and its 200-day simple moving average is $145.78. ITT Inc. has a 52 week low of $121.01 and a 52 week high of $161.13.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, beating 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%. As a group, equities research analysts expect that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be issued a $0.351 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a yield of 1.04%. This is a positive change from ITT’s previous quarterly dividend of $0.32. ITT’s dividend payout ratio (DPR) is 22.22%.

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.