HighTower Advisors LLC Has $1.21 Million Stock Holdings in ITT Inc. (NYSE:ITT)

HighTower Advisors LLC lowered its holdings in shares of ITT Inc. (NYSE:ITT) by 12.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,451 shares of the conglomerate’s stock after selling 1,160 shares during the period. HighTower Advisors LLC’s holdings in ITT were worth $1,207,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ITT. Advisors Asset Management Inc. lifted its stake in shares of ITT by 262.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,320 shares of the conglomerate’s stock valued at $197,000 after purchasing an additional 956 shares during the period. Raymond James Trust N.A. bought a new stake in ITT in the third quarter valued at $236,000. Cerity Partners LLC boosted its holdings in ITT by 23.9% in the third quarter. Cerity Partners LLC now owns 57,961 shares of the conglomerate’s stock worth $8,666,000 after acquiring an additional 11,175 shares in the last quarter. Algert Global LLC raised its holdings in ITT by 101.2% during the third quarter. Algert Global LLC now owns 18,034 shares of the conglomerate’s stock worth $2,696,000 after buying an additional 9,070 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of ITT in the third quarter valued at $75,000. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ITT. KeyCorp lifted their price target on ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Stifel Nicolaus cut their price objective on ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. StockNews.com raised shares of ITT from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Citigroup decreased their price target on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, UBS Group upped their price objective on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $168.38.

ITT Stock Down 0.3 %

Shares of NYSE:ITT opened at $139.42 on Wednesday. The firm has a fifty day moving average price of $143.53 and a two-hundred day moving average price of $146.07. The company has a market cap of $11.35 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.89 and a beta of 1.42. 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 one year low of $121.01 and a one year high of $161.13.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. Analysts anticipate 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 issued a dividend of $0.351 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.01%. This is a boost 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 (DPR) is currently 22.22%.

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.