Yousif Capital Management LLC Trims Stock Holdings in ITT Inc. (NYSE:ITT)

Yousif Capital Management LLC reduced its holdings in shares of ITT Inc. (NYSE:ITT) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,580 shares of the conglomerate’s stock after selling 1,210 shares during the quarter. Yousif Capital Management LLC’s holdings in ITT were worth $4,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in ITT during the 3rd quarter valued at $26,000. Resources Management Corp CT ADV purchased a new position in shares of ITT in the third quarter valued at $30,000. ORG Wealth Partners LLC bought a new stake in shares of ITT during the 4th quarter valued at $30,000. UMB Bank n.a. grew its holdings in ITT by 315.8% during the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock valued at $35,000 after buying an additional 180 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of ITT by 232.2% during the third quarter. Private Trust Co. NA now owns 299 shares of the conglomerate’s stock valued at $45,000 after buying an additional 209 shares during the period. 91.59% of the stock is owned by institutional investors.

ITT Stock Performance

Shares of NYSE ITT opened at $146.07 on Friday. The stock’s 50-day moving average is $147.84 and its 200 day moving average is $144.82. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 1.81 and a beta of 1.41. ITT Inc. has a 1-year low of $118.58 and a 1-year high of $161.13. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17.

ITT (NYSE:ITT) last announced its quarterly earnings data 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 13.67% and a return on equity of 17.98%. On average, sell-side analysts anticipate that ITT Inc. will post 5.84 EPS for the current fiscal year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.351 per share. This is a boost from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, March 6th. ITT’s dividend payout ratio (DPR) is 22.22%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com cut shares of ITT from a “buy” rating to a “hold” rating in a research note on Wednesday. Citigroup decreased their price target on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Robert W. Baird dropped their price objective on ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. TD Cowen upped their target price on ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, KeyCorp lifted their price target on ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.38.

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.