ITT Inc. (NYSE:ITT) Shares Sold by Barclays PLC

Barclays PLC decreased its holdings in shares of ITT Inc. (NYSE:ITT) by 64.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,703 shares of the conglomerate’s stock after selling 111,907 shares during the quarter. Barclays PLC’s holdings in ITT were worth $9,374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Algert Global LLC acquired a new stake in shares of ITT in the 2nd quarter worth approximately $1,158,000. Eagle Asset Management Inc. acquired a new position in shares of ITT in the third quarter worth about $67,503,000. AQR Capital Management LLC grew its position in ITT by 115.6% during the 2nd quarter. AQR Capital Management LLC now owns 245,676 shares of the conglomerate’s stock worth $31,717,000 after purchasing an additional 131,708 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of ITT by 46.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 95,398 shares of the conglomerate’s stock valued at $14,263,000 after buying an additional 30,320 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in ITT by 16,832.5% during the 3rd quarter. International Assets Investment Management LLC now owns 14,054 shares of the conglomerate’s stock valued at $2,101,000 after acquiring an additional 13,971 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on ITT. Wolfe Research began coverage on ITT in a report on Wednesday, December 11th. They set a “peer perform” rating for the company. TD Cowen raised their price target on ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their price target on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Citigroup raised their price objective on shares of ITT from $176.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus boosted their target price on shares of ITT from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, ITT has an average rating of “Moderate Buy” and a consensus price target of $166.75.

ITT Trading Down 1.7 %

Shares of ITT stock opened at $149.06 on Wednesday. ITT Inc. has a 12 month low of $113.70 and a 12 month high of $161.13. The business’s 50 day moving average is $151.25 and its two-hundred day moving average is $140.90. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. The company has a market cap of $12.15 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.99 and a beta of 1.40.

ITT (NYSE:ITT) last announced its quarterly earnings data on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The business had revenue of $885.20 million during the quarter, compared to analyst estimates of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. Equities analysts predict that ITT Inc. will post 5.84 EPS for the current year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a $0.319 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, November 29th. ITT’s payout ratio is 21.67%.

About ITT

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.