EverSource Wealth Advisors LLC Has $183,000 Position in ITT Inc. (NYSE:ITT)

EverSource Wealth Advisors LLC grew its position in ITT Inc. (NYSE:ITT) by 10.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,279 shares of the conglomerate’s stock after buying an additional 116 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in ITT were worth $183,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rialto Wealth Management LLC acquired a new position in ITT during the 4th quarter worth approximately $26,000. Resources Management Corp CT ADV acquired a new position in ITT during the 3rd quarter worth approximately $30,000. ORG Wealth Partners LLC acquired a new position in ITT during the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC acquired a new position in ITT during the 4th quarter worth approximately $34,000. Finally, Private Trust Co. NA increased its position in ITT by 232.2% during the 3rd quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock worth $45,000 after purchasing an additional 209 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ITT has been the subject of a number of research analyst reports. StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. KeyCorp boosted their target price on shares of ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Stifel Nicolaus reduced their target price on shares of ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a report on Friday, January 24th. UBS Group boosted their target price on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Citigroup reduced their target price on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.38.

ITT Trading Up 4.0 %

NYSE:ITT opened at $135.12 on Monday. The firm’s fifty day moving average is $144.29 and its 200-day moving average is $145.96. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. ITT Inc. has a 52 week low of $121.01 and a 52 week high of $161.13. The firm has a market cap of $11.00 billion, a P/E ratio of 21.45, a P/E/G ratio of 1.89 and a beta of 1.42.

ITT (NYSE:ITT) last posted 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 net margin of 14.27% and a return on equity of 18.03%. Equities analysts expect that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be paid a dividend of $0.351 per share. The ex-dividend date is Thursday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.04%. ITT’s dividend payout ratio is currently 22.22%.

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.