JB Capital LLC Acquires 873 Shares of ITT Inc. (NYSE:ITT)

JB Capital LLC increased its holdings in shares of ITT Inc. (NYSE:ITT) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,028 shares of the conglomerate’s stock after acquiring an additional 873 shares during the quarter. JB Capital LLC’s holdings in ITT were worth $1,718,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Eagle Asset Management Inc. bought a new stake in shares of ITT in the third quarter valued at approximately $67,503,000. Allspring Global Investments Holdings LLC lifted its position in shares of ITT by 46.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 95,398 shares of the conglomerate’s stock valued at $14,263,000 after acquiring an additional 30,320 shares during the period. International Assets Investment Management LLC increased its position in shares of ITT by 16,832.5% in the third quarter. International Assets Investment Management LLC now owns 14,054 shares of the conglomerate’s stock worth $2,101,000 after purchasing an additional 13,971 shares during the period. Algert Global LLC raised its stake in ITT by 101.2% in the third quarter. Algert Global LLC now owns 18,034 shares of the conglomerate’s stock valued at $2,696,000 after purchasing an additional 9,070 shares in the last quarter. Finally, Pier 88 Investment Partners LLC lifted its position in ITT by 268.1% during the third quarter. Pier 88 Investment Partners LLC now owns 27,830 shares of the conglomerate’s stock worth $4,161,000 after purchasing an additional 20,270 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Trading Down 0.6 %

Shares of ITT stock opened at $150.91 on Monday. 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. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.81 and a beta of 1.41. The stock has a 50-day moving average of $148.78 and a 200-day moving average of $144.58.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ITT. The Goldman Sachs Group boosted their target price on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Robert W. Baird reduced their target price on ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. StockNews.com raised ITT from a “hold” rating to a “buy” rating in a report on Tuesday, January 28th. Citigroup decreased their target price on ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, KeyCorp increased their target price on shares of ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.13.

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.