Coldstream Capital Management Inc. boosted its position in ITT Inc (NYSE:ITT) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,208 shares of the conglomerate’s stock after buying an additional 1,221 shares during the quarter. Coldstream Capital Management Inc.’s holdings in ITT were worth $927,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of ITT. SG Americas Securities LLC raised its position in ITT by 66.4% during the third quarter. SG Americas Securities LLC now owns 36,055 shares of the conglomerate’s stock valued at $2,209,000 after acquiring an additional 14,393 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in ITT by 18.9% during the third quarter. JPMorgan Chase & Co. now owns 1,172,084 shares of the conglomerate’s stock valued at $71,802,000 after purchasing an additional 186,281 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in ITT by 4.0% during the third quarter. Bank of New York Mellon Corp now owns 1,124,471 shares of the conglomerate’s stock valued at $68,886,000 after purchasing an additional 43,167 shares during the last quarter. BlackRock Inc. grew its holdings in ITT by 2.7% during the third quarter. BlackRock Inc. now owns 7,956,878 shares of the conglomerate’s stock valued at $487,437,000 after purchasing an additional 209,102 shares during the last quarter. Finally, Credit Suisse AG grew its holdings in ITT by 23.8% during the third quarter. Credit Suisse AG now owns 151,467 shares of the conglomerate’s stock valued at $9,279,000 after purchasing an additional 29,139 shares during the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ITT stock traded up $0.06 during midday trading on Friday, hitting $62.60. The company had a trading volume of 287,231 shares, compared to its average volume of 503,917. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.96 and a beta of 1.64. ITT Inc has a 1-year low of $44.89 and a 1-year high of $63.08.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were paid a dividend of $0.147 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.59 dividend on an annualized basis and a yield of 0.94%. This is an increase from ITT’s previous quarterly dividend of $0.13. ITT’s payout ratio is currently 18.27%.
Several equities analysts have commented on the company. Zacks Investment Research upgraded ITT from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price target on shares of ITT in a report on Friday, February 22nd. Oppenheimer set a $68.00 price objective on shares of ITT and gave the stock a “buy” rating in a research note on Thursday, January 10th. Finally, UBS Group upgraded shares of ITT from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $48.00 to $60.00 in a research note on Thursday, February 28th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. ITT presently has an average rating of “Buy” and an average price target of $65.50.
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ITT Inc manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. The Motion Technologies segment manufactures braking pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, light- and heavy-duty commercial and military vehicles, buses, and rail.
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