Aigen Investment Management LP Takes $328,000 Position in ITT Inc. (NYSE:ITT)

Aigen Investment Management LP bought a new position in shares of ITT Inc. (NYSE:ITT) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,197 shares of the conglomerate’s stock, valued at approximately $328,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in ITT in the 3rd quarter valued at $26,000. Lynx Investment Advisory bought a new position in ITT during the second quarter worth about $27,000. Headlands Technologies LLC bought a new stake in ITT in the 2nd quarter valued at about $32,000. UMB Bank n.a. grew its position in shares of ITT by 315.8% during the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 180 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of ITT during the second quarter worth approximately $36,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Stock Up 0.7 %

Shares of NYSE:ITT opened at $152.67 on Friday. ITT Inc. has a 52-week low of $107.01 and a 52-week high of $155.52. The company has a market capitalization of $12.44 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.99 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58. The company has a fifty day moving average of $146.09 and a 200-day moving average of $137.78.

ITT (NYSE:ITT) last issued its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. ITT had a return on equity of 17.98% and a net margin of 13.67%. The business had revenue of $885.20 million during the quarter, compared to analysts’ expectations of $884.50 million. During the same quarter in the prior year, the firm earned $1.37 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts predict that ITT Inc. will post 5.84 EPS for the current fiscal year.

ITT Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ITT. Stifel Nicolaus increased their price target on ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. KeyCorp increased their price objective on shares of ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Robert W. Baird cut 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. The Goldman Sachs Group lifted their price objective on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, TD Cowen upped their target price on ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $157.78.

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.