Janney Montgomery Scott LLC increased its holdings in shares of ITT Inc. (NYSE:ITT – Free Report) by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,000 shares of the conglomerate’s stock after purchasing an additional 2,109 shares during the period. Janney Montgomery Scott LLC’s holdings in ITT were worth $4,429,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Simon Quick Advisors LLC lifted its position in shares of ITT by 21.1% during the 4th quarter. Simon Quick Advisors LLC now owns 6,276 shares of the conglomerate’s stock worth $897,000 after purchasing an additional 1,093 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in ITT by 0.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 136,800 shares of the conglomerate’s stock valued at $19,546,000 after acquiring an additional 390 shares in the last quarter. UMB Bank n.a. raised its holdings in ITT by 95.8% in the 4th quarter. UMB Bank n.a. now owns 464 shares of the conglomerate’s stock valued at $66,000 after acquiring an additional 227 shares in the last quarter. CGN Advisors LLC acquired a new position in ITT in the 4th quarter valued at approximately $1,204,000. Finally, Gateway Investment Advisers LLC raised its holdings in ITT by 3.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 12,055 shares of the conglomerate’s stock valued at $1,722,000 after acquiring an additional 385 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.
Analysts Set New Price Targets
ITT has been the subject of several recent research reports. The Goldman Sachs Group upped their price target on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, October 10th. KeyCorp upped their price target on ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Citigroup cut their price target on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a report on Monday, January 13th. TD Cowen increased their target price on ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, StockNews.com raised ITT from a “hold” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.13.
ITT Stock Up 0.5 %
NYSE ITT opened at $147.27 on Thursday. The firm has a market cap of $12.00 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. ITT Inc. has a one year low of $118.58 and a one year high of $161.13. The stock’s 50 day simple moving average is $149.00 and its 200 day simple moving average is $144.40. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09.
ITT (NYSE:ITT – Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. The business had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. ITT’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.37 EPS. As a group, sell-side analysts forecast that ITT Inc. will post 5.84 earnings per share for the current fiscal year.
ITT Company 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.
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