Entropy Technologies LP Boosts Holdings in ITT Inc. (NYSE:ITT)

Entropy Technologies LP boosted its stake in ITT Inc. (NYSE:ITTFree Report) by 83.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,489 shares of the conglomerate’s stock after acquiring an additional 6,600 shares during the period. Entropy Technologies LP’s holdings in ITT were worth $2,166,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new position in shares of ITT during the third quarter worth approximately $26,000. Lynx Investment Advisory purchased a new position in ITT during the 2nd quarter worth $27,000. Headlands Technologies LLC acquired a new position in ITT in the second quarter valued at $32,000. UMB Bank n.a. raised its holdings in shares of ITT by 315.8% in the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock valued at $35,000 after buying an additional 180 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of ITT during the second quarter worth about $36,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird dropped their price target on ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. KeyCorp lifted their price objective on shares of ITT from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. TD Cowen boosted their price objective on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus raised their target price on shares of ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $157.78.

Read Our Latest Stock Report on ITT

ITT Stock Down 1.3 %

ITT stock opened at $153.29 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $144.78 and its 200 day moving average price is $137.43. ITT Inc. has a 52 week low of $102.31 and a 52 week high of $155.52. The company has a market cap of $12.49 billion, a P/E ratio of 26.16, a P/E/G ratio of 2.02 and a beta of 1.41.

ITT (NYSE:ITTGet Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, topping the consensus estimate of $1.43 by $0.03. ITT had a return on equity of 17.98% and a net margin of 13.67%. The business had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. During the same quarter in the previous year, the company earned $1.37 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, research analysts expect that ITT Inc. will post 5.84 earnings per share for the current fiscal year.

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, November 29th. ITT’s dividend payout ratio (DPR) is presently 21.84%.

About ITT

(Free Report)

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.

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Institutional Ownership by Quarter for ITT (NYSE:ITT)

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