ITT Inc. (NYSE:ITT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in shares of ITT Inc. (NYSE:ITT) by 3.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,122 shares of the conglomerate’s stock after selling 1,796 shares during the period. Mutual of America Capital Management LLC’s holdings in ITT were worth $6,087,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board acquired a new stake in shares of ITT during the fourth quarter worth about $992,000. Vanguard Group Inc. raised its stake in ITT by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 8,463,809 shares of the conglomerate’s stock valued at $1,009,902,000 after acquiring an additional 65,173 shares during the last quarter. SageView Advisory Group LLC lifted its position in ITT by 383.3% during the 1st quarter. SageView Advisory Group LLC now owns 9,666 shares of the conglomerate’s stock worth $1,315,000 after acquiring an additional 7,666 shares during the period. Norges Bank purchased a new position in shares of ITT in the 4th quarter valued at approximately $102,709,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of ITT by 6.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,105 shares of the conglomerate’s stock valued at $14,706,000 after purchasing an additional 6,143 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Price Performance

Shares of NYSE ITT opened at $144.46 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.55. ITT Inc. has a one year low of $91.94 and a one year high of $149.65. The firm has a market capitalization of $11.89 billion, a P/E ratio of 28.46, a PEG ratio of 1.71 and a beta of 1.40. The company’s fifty day moving average is $135.89 and its two-hundred day moving average is $132.58.

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

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 3rd will be issued a $0.319 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Tuesday, September 3rd. ITT’s dividend payout ratio is currently 24.90%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stifel Nicolaus increased their price target on ITT from $150.00 to $157.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. KeyCorp raised their target price on shares of ITT from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, TD Cowen boosted their price target on shares of ITT from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $151.00.

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.