ITT Inc. (NYSE:ITT) Stock Holdings Increased by Bank of Montreal Can

Bank of Montreal Can boosted its position in shares of ITT Inc. (NYSE:ITT) by 2.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 20,553 shares of the conglomerate’s stock after purchasing an additional 404 shares during the period. Bank of Montreal Can’s holdings in ITT were worth $2,937,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new stake in shares of ITT during the 4th quarter valued at about $26,000. ORG Wealth Partners LLC acquired a new stake in ITT in the fourth quarter valued at approximately $30,000. Whipplewood Advisors LLC bought a new stake in ITT in the fourth quarter worth approximately $34,000. V Square Quantitative Management LLC increased its stake in shares of ITT by 79.1% during the 4th quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate’s stock worth $59,000 after purchasing an additional 182 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of ITT by 291.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate’s stock valued at $59,000 after purchasing an additional 309 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Price Performance

Shares of ITT stock opened at $126.95 on Wednesday. The company has a market capitalization of $10.28 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $161.13. The stock has a 50 day moving average of $135.00 and a two-hundred day moving average of $144.09.

ITT (NYSE:ITT) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. As a group, equities analysts expect that ITT Inc. will post 6.51 EPS for the current year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 6th were given a $0.351 dividend. This represents a $1.40 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from ITT’s previous quarterly dividend of $0.32. ITT’s dividend payout ratio is 22.22%.

Wall Street Analysts Forecast Growth

ITT has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price target on ITT from $179.00 to $148.00 and set a “buy” rating for the company in a research note on Monday. Citigroup decreased their target price on ITT from $181.00 to $150.00 and set a “buy” rating for the company in a research report on Monday. KeyCorp reduced their price objective on shares of ITT from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. UBS Group raised their target price on shares of ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $158.57.

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.