ITT Inc. (NYSE:ITT) Stock Position Lowered by Albert D Mason Inc.

Albert D Mason Inc. decreased its position in shares of ITT Inc. (NYSE:ITT) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 20,849 shares of the conglomerate’s stock after selling 173 shares during the period. ITT makes up about 2.0% of Albert D Mason Inc.’s investment portfolio, making the stock its 4th biggest position. Albert D Mason Inc.’s holdings in ITT were worth $3,117,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ITT. Lynx Investment Advisory acquired a new stake in shares of ITT in the 2nd quarter worth approximately $27,000. Headlands Technologies LLC bought a new stake in shares of ITT in the 2nd quarter worth approximately $32,000. UMB Bank n.a. raised its holdings in shares of ITT by 315.8% in the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 180 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of ITT during the second quarter valued at approximately $36,000. Finally, Quent Capital LLC raised its holdings in shares of ITT by 53.9% during the third quarter. Quent Capital LLC now owns 294 shares of the conglomerate’s stock valued at $44,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

ITT has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of ITT from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 15th. KeyCorp boosted their target price on shares of ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. The Goldman Sachs Group boosted their target price on shares of ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Stifel Nicolaus upped their price objective on shares of ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $155.25.

ITT Trading Down 1.5 %

Shares of ITT stock opened at $145.40 on Wednesday. ITT Inc. has a 52-week low of $91.94 and a 52-week high of $153.99. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 2.01 and a beta of 1.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.55. The firm has a fifty day moving average of $141.41 and a 200-day moving average of $135.46.

ITT (NYSE:ITT) last announced its earnings results on Thursday, August 1st. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $905.90 million during the quarter, compared to analysts’ expectations of $916.38 million. ITT had a net margin of 12.47% and a return on equity of 18.30%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $1.33 EPS. On average, equities research analysts forecast that ITT Inc. will post 5.84 earnings per share for the current fiscal year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.319 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Tuesday, September 3rd. ITT’s dividend payout ratio is currently 24.90%.

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.