Leeward Investments LLC MA Sells 33,941 Shares of ITT Inc. (NYSE:ITT)

Leeward Investments LLC MA reduced its position in shares of ITT Inc. (NYSE:ITT) by 17.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 161,517 shares of the conglomerate’s stock after selling 33,941 shares during the quarter. ITT makes up about 1.1% of Leeward Investments LLC MA’s holdings, making the stock its 19th biggest holding. Leeward Investments LLC MA owned about 0.20% of ITT worth $23,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in ITT by 1.3% during the 3rd quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate’s stock valued at $797,000 after buying an additional 69 shares during the last quarter. CIBC Asset Management Inc raised its holdings in ITT by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate’s stock valued at $360,000 after buying an additional 87 shares during the last quarter. Round Rock Advisors LLC raised its holdings in ITT by 0.4% during the 3rd quarter. Round Rock Advisors LLC now owns 20,319 shares of the conglomerate’s stock valued at $3,038,000 after buying an additional 90 shares during the last quarter. Tectonic Advisors LLC raised its holdings in ITT by 3.3% during the 3rd quarter. Tectonic Advisors LLC now owns 2,925 shares of the conglomerate’s stock valued at $437,000 after buying an additional 93 shares during the last quarter. Finally, Savant Capital LLC raised its holdings in ITT by 3.5% during the 4th quarter. Savant Capital LLC now owns 4,081 shares of the conglomerate’s stock valued at $583,000 after buying an additional 137 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Stifel Nicolaus decreased their price objective on shares of ITT from $180.00 to $179.00 and set a “buy” rating for the company in a report on Friday, January 24th. Citigroup decreased their price objective on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a report on Monday, January 13th. Robert W. Baird decreased their price objective on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Finally, UBS Group upped their price objective on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.38.

ITT Stock Down 4.1 %

NYSE:ITT opened at $141.85 on Friday. The firm’s 50-day moving average price is $146.34 and its 200-day moving average price is $145.60. The company has a market capitalization of $11.55 billion, a PE ratio of 22.52, a P/E/G ratio of 1.89 and a beta of 1.41. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.40 and a quick ratio of 0.96. ITT Inc. has a 1-year low of $121.01 and a 1-year high of $161.13.

ITT (NYSE:ITT) last released its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, topping 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%. On average, equities analysts predict that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be given a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a yield of 0.99%. This is an increase from ITT’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, March 6th. ITT’s dividend payout ratio is 20.32%.

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.