Segall Bryant & Hamill LLC Increases Stock Position in ITT Inc. (NYSE:ITT)

Segall Bryant & Hamill LLC raised its holdings in shares of ITT Inc. (NYSE:ITT) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,002 shares of the conglomerate’s stock after acquiring an additional 6,517 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.24% of ITT worth $28,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its stake in ITT by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 517,307 shares of the conglomerate’s stock worth $73,913,000 after purchasing an additional 3,424 shares during the period. Algert Global LLC boosted its holdings in shares of ITT by 101.2% in the 3rd quarter. Algert Global LLC now owns 18,034 shares of the conglomerate’s stock worth $2,696,000 after purchasing an additional 9,070 shares in the last quarter. AlphaQuest LLC boosted its stake in ITT by 422.7% in the fourth quarter. AlphaQuest LLC now owns 4,208 shares of the conglomerate’s stock worth $601,000 after buying an additional 3,403 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of ITT by 880.0% during the 4th quarter. Venturi Wealth Management LLC now owns 2,156 shares of the conglomerate’s stock valued at $308,000 after purchasing an additional 1,936 shares during the last quarter. Finally, ING Groep NV purchased a new position in shares of ITT in the fourth quarter worth about $1,214,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ITT shares. Wolfe Research started coverage on shares of ITT in a report on Wednesday, December 11th. They set a “peer perform” rating for the company. Stifel Nicolaus reduced their price objective on ITT from $180.00 to $179.00 and set a “buy” rating for the company in a research report on Friday, January 24th. StockNews.com upgraded ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. UBS Group upped their price target on shares of ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, 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 report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, ITT has a consensus rating of “Moderate Buy” and an average target price of $168.38.

ITT Stock Up 3.6 %

Shares of NYSE ITT opened at $139.91 on Tuesday. ITT Inc. has a 52-week low of $121.01 and a 52-week high of $161.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a 50 day moving average price of $143.62 and a 200 day moving average price of $145.99. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.89 and a beta of 1.42.

ITT (NYSE:ITT) last issued its quarterly earnings data 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 return on equity of 18.03% and a net margin of 14.27%. Sell-side analysts expect that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

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