HighPoint Advisor Group LLC Sells 198 Shares of ITT Inc. (NYSE:ITT)

HighPoint Advisor Group LLC lowered its stake in ITT Inc. (NYSE:ITT) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,813 shares of the conglomerate’s stock after selling 198 shares during the quarter. HighPoint Advisor Group LLC’s holdings in ITT were worth $410,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of ITT by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 517,307 shares of the conglomerate’s stock worth $73,913,000 after acquiring an additional 3,424 shares during the period. AlphaQuest LLC grew its stake in shares of ITT by 422.7% during the 4th quarter. AlphaQuest LLC now owns 4,208 shares of the conglomerate’s stock valued at $601,000 after purchasing an additional 3,403 shares during the period. Venturi Wealth Management LLC increased its position in shares of ITT by 880.0% during the 4th quarter. Venturi Wealth Management LLC now owns 2,156 shares of the conglomerate’s stock valued at $308,000 after purchasing an additional 1,936 shares during the last quarter. ING Groep NV bought a new position in shares of ITT in the 4th quarter worth approximately $1,214,000. Finally, Vest Financial LLC boosted its holdings in shares of ITT by 63.8% in the fourth quarter. Vest Financial LLC now owns 17,004 shares of the conglomerate’s stock worth $2,430,000 after buying an additional 6,626 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

ITT Stock Up 1.9 %

Shares of ITT opened at $133.62 on Thursday. The business’s 50 day moving average is $141.34 and its 200 day moving average is $145.97. 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 $121.01 and a 12-month high of $161.13. The company has a market capitalization of $10.88 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.89 and a beta of 1.42.

ITT (NYSE:ITT) last released 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 net margin of 14.27% and a return on equity of 18.03%. Research analysts expect that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 6th were issued a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from ITT’s previous quarterly dividend of $0.32. ITT’s dividend payout ratio is 22.22%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ITT shares. KeyCorp increased their price target on shares of ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. UBS Group raised their target price on ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Citigroup cut their price target on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a report on Monday, January 13th. StockNews.com raised ITT from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, Wolfe Research initiated coverage on ITT in a research note on Wednesday, December 11th. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $170.29.

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.