ITT Inc. (NYSE:ITT) Stock Position Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of ITT Inc. (NYSE:ITT) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 229,427 shares of the conglomerate’s stock after buying an additional 3,415 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in ITT were worth $34,302,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Select Equity Group L.P. boosted its stake in ITT by 11.7% during the second quarter. Select Equity Group L.P. now owns 3,340,392 shares of the conglomerate’s stock valued at $431,512,000 after buying an additional 351,206 shares in the last quarter. Dimensional Fund Advisors LP raised its position in ITT by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 954,809 shares of the conglomerate’s stock worth $123,338,000 after purchasing an additional 50,329 shares during the last quarter. Bank of New York Mellon Corp raised its position in ITT by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 828,000 shares of the conglomerate’s stock worth $106,961,000 after purchasing an additional 3,370 shares during the last quarter. Westfield Capital Management Co. LP raised its position in ITT by 4.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 669,519 shares of the conglomerate’s stock worth $100,100,000 after purchasing an additional 27,885 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in shares of ITT during the 3rd quarter valued at $67,503,000. Institutional investors own 91.59% of the company’s stock.

ITT Stock Up 1.1 %

Shares of NYSE ITT opened at $157.75 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. ITT Inc. has a 12 month low of $110.24 and a 12 month high of $161.13. The firm has a market capitalization of $12.86 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 2.02 and a beta of 1.40. The firm has a fifty day simple moving average of $150.28 and a two-hundred day simple moving average of $139.65.

ITT (NYSE:ITT) last issued 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 analyst estimates of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. ITT’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $1.37 EPS. Equities analysts expect that ITT Inc. will post 5.84 earnings per share for the current year.

ITT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.319 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, November 29th. ITT’s payout ratio is presently 21.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Robert W. Baird reduced their price objective 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. StockNews.com cut shares of ITT from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. KeyCorp lifted their price objective on shares of ITT from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, TD Cowen boosted their price target on shares of ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $161.88.

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.