Cwm LLC Purchases New Position in ITT Inc. (NYSE:ITT)

Cwm LLC purchased a new stake in ITT Inc. (NYSE:ITTGet Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 372 shares of the conglomerate’s stock, valued at approximately $38,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ITT. National Bank of Canada FI purchased a new stake in ITT during the fourth quarter worth $28,000. Ibex Wealth Advisors purchased a new stake in shares of ITT during the 3rd quarter valued at $51,000. First Horizon Advisors Inc. lifted its holdings in shares of ITT by 182.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 632 shares of the conglomerate’s stock valued at $55,000 after purchasing an additional 408 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of ITT during the 4th quarter valued at $63,000. Finally, Signaturefd LLC lifted its holdings in shares of ITT by 11.1% during the 4th quarter. Signaturefd LLC now owns 1,152 shares of the conglomerate’s stock valued at $118,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Several research firms recently issued reports on ITT. The Goldman Sachs Group cut their target price on ITT from $109.00 to $94.00 and set a “buy” rating on the stock in a research report on Thursday, April 7th. Oppenheimer downgraded ITT from an “outperform” rating to a “market perform” rating in a research report on Monday, March 28th. StockNews.com started coverage on ITT in a research report on Thursday, March 31st. They set a “hold” rating on the stock. UBS Group raised ITT from a “neutral” rating to a “buy” rating and cut their price target for the stock from $107.00 to $95.00 in a research report on Friday, April 8th. Finally, Stifel Nicolaus dropped their target price on ITT from $107.00 to $91.00 and set a “buy” rating on the stock in a research report on Monday, April 18th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $106.09.

Shares of NYSE ITT opened at $72.61 on Friday. The company has a 50 day simple moving average of $78.86 and a 200-day simple moving average of $90.71. The company has a market capitalization of $6.08 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.26 and a beta of 1.56. ITT Inc. has a 1 year low of $70.33 and a 1 year high of $105.54.

ITT (NYSE:ITTGet Rating) last announced its quarterly earnings results on Wednesday, February 9th. The conglomerate reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.01. ITT had a net margin of 11.44% and a return on equity of 16.29%. The business had revenue of $685.40 million during the quarter, compared to the consensus estimate of $700.80 million. During the same quarter last year, the firm earned $1.01 EPS. As a group, equities research analysts forecast that ITT Inc. will post 4.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 4th. Investors of record on Wednesday, March 9th were issued a $0.264 dividend. This represents a $1.06 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, March 8th. This is an increase from ITT’s previous quarterly dividend of $0.22. ITT’s dividend payout ratio (DPR) is 29.04%.

In related news, CEO Luca Savi sold 10,290 shares of ITT stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of $87.44, for a total value of $899,757.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

ITT Profile (Get Rating)

ITT Inc manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets worldwide. The company operates through three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. 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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Institutional Ownership by Quarter for ITT (NYSE:ITT)

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