Wealth Enhancement Advisory Services LLC acquires 266 shares of ITT Inc. (NYSE:ITT)

Wealth Enhancement Advisory Services LLC increased its holdings in ITT Inc. (NYSE:ITT – Free Report) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 8,313 shares of the conglomerate’s stock after purchasing an additional 266 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in ITT were worth $1,074,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Signaturefd LLC boosted its holdings in shares of ITT by 8.2% in the fourth quarter. Signaturefd LLC now owns 1,150 shares of the conglomerate’s stock valued at $137,000 after buying an additional 87 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in ITT by 4.7% in the first quarter. HBK Sorce Advisory LLC now owns 2,306 shares of the conglomerate’s stock worth $314,000 after purchasing an additional 104 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in ITT by 5.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,479 shares of the conglomerate’s stock worth $296,000 after purchasing an additional 125 shares during the last quarter. Fifth Third Bancorp boosted its holdings in ITT by 10.6% in the first quarter. Fifth Third Bancorp now owns 1,413 shares of the conglomerate’s stock worth $192,000 after buying an additional 135 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in ITT by 5.3% in the first quarter. Bleakley Financial Group LLC now owns 2,840 shares of the conglomerate’s stock worth $386,000 after buying an additional 143 shares during the last quarter. 91.59% of shares are held by institutional investors.

Changes in Analyst Ratings

A number of analysts recently issued reports on ITT shares. Stifel Nicolaus raised their price objective on shares of ITT from $150.00 to $157.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. TD Cowen boosted their target price on shares of ITT from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. KeyCorp upped their target price on shares of ITT from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, UBS Group upped their target price on shares of ITT from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Eight research analysts have rated the stock with a buy rating. The company currently has an average rating of “Buy” and a consensus price target of $151.00, according to MarketBeat.

Get the latest stock report on ITT

ITT stock down 1.2%

ITT opened at $133.36 on Wednesday. The stock has a market cap of $10.98 billion, a PE ratio of 26.15, a P/E/G ratio of 1.81 and a beta of 1.41. The company has a quick ratio of 1.08, a current ratio of 1.55, and a debt-to-equity ratio of 0.07. ITT Inc. it has a 52-week low of $91.94 and a 52-week high of $149.65. The company’s fifty-day simple moving average is $132.80, and its 200-day simple moving average is $130.90.

ITT (NYSE:ITT – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st. The conglomerate reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. ITT had a return on equity of 18.30% and a net margin of 12.47%. The firm had revenue of $905.90 million for the quarter, compared to analysts’ expectations of $916.38 million. In the same period last year, the company earned $1.33 per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts expect ITT Inc. to post 5.83 earnings per share for the current fiscal year.

ITT announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.319 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a dividend of $1.28 on an annualized basis and a dividend yield of 0.96%. ITT’s dividend payout ratio (DPR) is currently 24.90%.

ITT Company Profile

(Free report)

ITT Inc, together with its subsidiaries, manufactures and sells critical engineered components and custom technology solutions for the transportation, industrial and energy markets in the United States and internationally. The Motion Technologies segment produces brake pads, blades, dampers and energy absorbing components; and sealing technologies primarily for the transportation industry, including cars, trucks, light and heavy duty commercial and military vehicles, buses and trains.

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