Leeward Investments LLC MA Sells 716 Shares of ITT Inc. (NYSE:ITT)

Leeward Investments LLC MA reduced its position in shares of ITT Inc. (NYSE:ITT) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 195,458 shares of the conglomerate’s stock after selling 716 shares during the quarter. ITT accounts for approximately 1.4% of Leeward Investments LLC MA’s holdings, making the stock its 12th biggest position. Leeward Investments LLC MA owned about 0.24% of ITT worth $29,223,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mawer Investment Management Ltd. purchased a new position in shares of ITT during the 2nd quarter valued at about $49,043,000. Select Equity Group L.P. lifted its holdings in ITT by 11.7% in the 2nd quarter. Select Equity Group L.P. now owns 3,340,392 shares of the conglomerate’s stock worth $431,512,000 after purchasing an additional 351,206 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in ITT by 73.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 681,839 shares of the conglomerate’s stock worth $92,751,000 after purchasing an additional 288,671 shares in the last quarter. Millennium Management LLC lifted its holdings in ITT by 200.4% in the 2nd quarter. Millennium Management LLC now owns 393,429 shares of the conglomerate’s stock worth $50,823,000 after purchasing an additional 262,470 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in ITT by 115.6% in the 2nd quarter. AQR Capital Management LLC now owns 245,676 shares of the conglomerate’s stock worth $31,717,000 after purchasing an additional 131,708 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ITT. KeyCorp raised their target price on shares of ITT from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, October 14th. The Goldman Sachs Group increased their price target on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Robert W. Baird lowered their price target on shares of ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. TD Cowen increased their price target on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus increased their price target on shares of ITT from $157.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, ITT presently has a consensus rating of “Buy” and an average target price of $157.78.

ITT Stock Performance

ITT stock opened at $152.26 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. ITT Inc. has a 1-year low of $99.52 and a 1-year high of $154.35. The firm has a market capitalization of $12.41 billion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 1.87 and a beta of 1.41. The company’s 50-day moving average is $143.48 and its 200 day moving average is $136.71.

ITT (NYSE:ITT) last issued its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. The business had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. ITT had a net margin of 13.67% and a return on equity of 17.98%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. Research analysts forecast that ITT Inc. will post 5.84 EPS for the current year.

ITT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, November 29th. ITT’s payout ratio is 21.84%.

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.