Chicago Equity Partners LLC lifted its position in ITT Inc. (NYSE:ITT) by 244.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,875 shares of the company’s stock after buying an additional 32,575 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.05% of ITT worth $2,031,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of ITT by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 8,014,284 shares of the company’s stock valued at $322,014,000 after buying an additional 74,138 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of ITT in the 2nd quarter valued at $122,628,000. FMR LLC increased its holdings in ITT by 12.7% during the 2nd quarter. FMR LLC now owns 2,844,070 shares of the company’s stock worth $114,274,000 after purchasing an additional 319,880 shares during the period. State Street Corp increased its holdings in ITT by 1.2% during the 2nd quarter. State Street Corp now owns 2,331,009 shares of the company’s stock worth $93,659,000 after purchasing an additional 26,802 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in ITT by 13.3% during the 2nd quarter. Macquarie Group Ltd. now owns 2,207,328 shares of the company’s stock worth $88,690,000 after purchasing an additional 259,207 shares during the period. Hedge funds and other institutional investors own 92.38% of the company’s stock.
Several equities research analysts have weighed in on the company. Seaport Global Securities restated a “buy” rating on shares of ITT in a report on Monday, November 6th. KeyCorp restated a “buy” rating on shares of ITT in a report on Friday, November 3rd. ValuEngine upgraded ITT from a “hold” rating to a “buy” rating in a report on Thursday. Robert W. Baird restated an “outperform” rating and set a $60.00 price target (up previously from $51.00) on shares of ITT in a report on Thursday, November 2nd. Finally, Cowen and Company restated a “buy” rating and set a $50.00 price target on shares of ITT in a report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$50.44.
Shares of ITT Inc. (NYSE ITT) opened at C$51.02 on Monday. The stock has a market capitalization of $4,489.76, a PE ratio of 21.00, a P/E/G ratio of 1.34 and a beta of 1.53. ITT Inc. has a 1 year low of C$36.93 and a 1 year high of C$53.00.
ITT (NYSE:ITT) last announced its earnings results on Thursday, November 2nd. The company reported C$0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.61 by C$0.05. The firm had revenue of C$645.00 million during the quarter, compared to analysts’ expectations of C$605.06 million. ITT had a return on equity of 14.12% and a net margin of 8.29%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. research analysts anticipate that ITT Inc. will post 2.53 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a $0.128 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.00%. ITT’s dividend payout ratio (DPR) is presently 21.89%.
In other ITT news, insider Mary Elizabeth Gustafsson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of C$42.90, for a total transaction of C$214,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.
ITT Inc manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in four segments: Industrial Process, Motion Technologies, Interconnect Solutions, and Control Technologies. The Industrial Process segment manufactures industrial pumps, valves, and plant optimization systems; and centrifugal pumps, vertical centrifugal pumps, twin screw pumps, and water systems, as well as aftermarket solutions, such as repairs and upgrades services.
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