Eagle Bluffs Wealth Management LLC Purchases 114 Shares of ITT Inc. (NYSE:ITT)

Eagle Bluffs Wealth Management LLC lifted its position in ITT Inc. (NYSE:ITT) by 0.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,820 shares of the conglomerate’s stock after acquiring an additional 114 shares during the period. ITT makes up about 1.5% of Eagle Bluffs Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Eagle Bluffs Wealth Management LLC’s holdings in ITT were worth $2,246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in ITT by 63.4% in the third quarter. IFP Advisors Inc now owns 304 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in ITT in the third quarter valued at about $34,000. KB Financial Partners LLC bought a new position in ITT in the first quarter valued at about $36,000. AdvisorNet Financial Inc grew its position in ITT by 101.0% in the fourth quarter. AdvisorNet Financial Inc now owns 406 shares of the conglomerate’s stock valued at $48,000 after acquiring an additional 204 shares during the last quarter. Finally, Clearstead Advisors LLC grew its position in ITT by 81.7% in the third quarter. Clearstead Advisors LLC now owns 556 shares of the conglomerate’s stock valued at $54,000 after acquiring an additional 250 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

ITT Stock Down 0.4 %

ITT stock traded down $0.49 during midday trading on Tuesday, reaching $127.33. 314,354 shares of the stock traded hands, compared to its average volume of 354,785. The stock’s fifty day moving average is $128.11 and its 200-day moving average is $115.87. ITT Inc. has a 12 month low of $75.82 and a 12 month high of $138.29. The stock has a market cap of $10.47 billion, a P/E ratio of 25.78, a PEG ratio of 1.76 and a beta of 1.43.

ITT (NYSE:ITT) last issued its quarterly earnings results on Thursday, February 8th. The conglomerate reported $1.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.34. The firm had revenue of $829.10 million during the quarter, compared to analyst estimates of $814.38 million. ITT had a return on equity of 17.91% and a net margin of 12.50%. ITT’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.29 EPS. On average, equities analysts predict that ITT Inc. will post 5.79 EPS for the current fiscal year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were paid a dividend of $0.319 per share. This is a positive change from ITT’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.00%. The ex-dividend date was Thursday, March 7th. ITT’s payout ratio is 25.81%.

Analysts Set New Price Targets

ITT has been the topic of a number of research reports. KeyCorp upped their target price on ITT from $136.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Citigroup upped their price objective on ITT from $139.00 to $157.00 and gave the company a “buy” rating in a research note on Monday, April 8th. DA Davidson upped their price objective on ITT from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. StockNews.com downgraded ITT from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus increased their price target on ITT from $122.00 to $131.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $132.86.

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.