135,390 Shares in ITT Inc. (NYSE:ITT) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in ITT Inc. (NYSE:ITT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 135,390 shares of the conglomerate’s stock, valued at approximately $19,345,000. Proficio Capital Partners LLC owned about 0.17% of ITT at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of ITT in the third quarter valued at approximately $26,000. Resources Management Corp CT ADV purchased a new stake in ITT in the 3rd quarter worth approximately $30,000. ORG Wealth Partners LLC acquired a new position in ITT in the 4th quarter valued at $30,000. Whipplewood Advisors LLC purchased a new position in shares of ITT during the 4th quarter worth $34,000. Finally, Private Trust Co. NA boosted its holdings in shares of ITT by 232.2% during the third quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock worth $45,000 after purchasing an additional 209 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

ITT Price Performance

ITT stock opened at $141.06 on Friday. The firm has a fifty day moving average of $145.87 and a 200-day moving average of $145.92. ITT Inc. has a 52-week low of $121.01 and a 52-week high of $161.13. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $11.48 billion, a P/E ratio of 22.39, a PEG ratio of 1.89 and a beta of 1.41.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, beating the consensus estimate 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, analysts predict that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 6th will be given a $0.351 dividend. This is an increase from ITT’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 6th. This represents a $1.40 annualized dividend and a yield of 1.00%. ITT’s dividend payout ratio (DPR) is 22.22%.

Analyst Ratings Changes

Several research firms recently weighed in on ITT. KeyCorp increased their target price on ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Stifel Nicolaus dropped their price objective on shares of ITT from $180.00 to $179.00 and set a “buy” rating for the company in a research note on Friday, January 24th. StockNews.com raised shares of ITT from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Citigroup cut their price target on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, UBS Group lifted their price target on shares of ITT from $165.00 to $168.00 and gave the company a “buy” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $168.38.

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.