AA Financial Advisors LLC Buys New Position in ITT Inc. (NYSE:ITT)

AA Financial Advisors LLC bought a new stake in ITT Inc. (NYSE:ITT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,407 shares of the conglomerate’s stock, valued at approximately $210,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Select Equity Group L.P. increased its stake in shares of ITT by 11.7% during the 2nd quarter. Select Equity Group L.P. now owns 3,340,392 shares of the conglomerate’s stock valued at $431,512,000 after acquiring an additional 351,206 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of ITT by 5.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 954,809 shares of the conglomerate’s stock valued at $123,338,000 after acquiring an additional 50,329 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of ITT by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 828,000 shares of the conglomerate’s stock valued at $106,961,000 after acquiring an additional 3,370 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in shares of ITT by 12.5% during the 1st quarter. Westfield Capital Management Co. LP now owns 723,617 shares of the conglomerate’s stock valued at $98,434,000 after acquiring an additional 80,652 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of ITT by 73.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 681,839 shares of the conglomerate’s stock valued at $92,751,000 after acquiring an additional 288,671 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

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

ITT Stock Down 0.4 %

NYSE ITT opened at $149.28 on Monday. The stock has a market cap of $12.29 billion, a PE ratio of 29.27, a P/E/G ratio of 2.01 and a beta of 1.40. ITT Inc. has a fifty-two week low of $91.94 and a fifty-two week high of $153.99. The business has a 50 day moving average price of $141.09 and a two-hundred day moving average price of $135.32. The company has a quick ratio of 1.10, a current ratio of 1.55 and a debt-to-equity ratio of 0.07.

ITT (NYSE:ITT) last released its quarterly earnings results on Thursday, August 1st. The conglomerate reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The firm had revenue of $905.90 million during the quarter, compared to analysts’ expectations of $916.38 million. ITT had a return on equity of 18.30% and a net margin of 12.47%. ITT’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 EPS. As a group, sell-side analysts predict that ITT Inc. will post 5.84 EPS for the current fiscal year.

ITT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd were issued a $0.319 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Tuesday, September 3rd. ITT’s dividend payout ratio is presently 24.90%.

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.