2,164 Shares in ITT Inc. (NYSE:ITT) Bought by Aristides Capital LLC

Aristides Capital LLC acquired a new stake in ITT Inc. (NYSE:ITT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,164 shares of the conglomerate’s stock, valued at approximately $309,000.

A number of other large investors also recently bought and sold shares of ITT. Payden & Rygel increased its stake in shares of ITT by 32.7% during the fourth quarter. Payden & Rygel now owns 154,100 shares of the conglomerate’s stock worth $22,018,000 after acquiring an additional 38,000 shares during the period. Wells Fargo & Company MN boosted its holdings in ITT by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 135,284 shares of the conglomerate’s stock valued at $19,330,000 after purchasing an additional 5,605 shares in the last quarter. ExodusPoint Capital Management LP increased its position in ITT by 1,921.9% during the 4th quarter. ExodusPoint Capital Management LP now owns 69,170 shares of the conglomerate’s stock worth $9,883,000 after purchasing an additional 65,749 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of ITT by 14.2% in the 4th quarter. Alliancebernstein L.P. now owns 1,366,576 shares of the conglomerate’s stock valued at $195,256,000 after buying an additional 169,944 shares during the period. Finally, AIA Group Ltd purchased a new stake in shares of ITT in the fourth quarter valued at approximately $236,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Trading Down 5.5 %

ITT stock opened at $113.03 on Monday. ITT Inc. has a 52 week low of $109.49 and a 52 week high of $161.13. The stock has a market cap of $9.20 billion, a PE ratio of 17.94, a P/E/G ratio of 1.89 and a beta of 1.36. The stock has a 50-day moving average price of $139.91 and a 200 day moving average price of $145.72. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08.

ITT (NYSE:ITT) last released its earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, topping the consensus estimate of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. Equities research analysts predict that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 6th were paid a dividend of $0.351 per share. The ex-dividend date was Thursday, March 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.24%. This is an increase from ITT’s previous quarterly dividend of $0.32. ITT’s dividend payout ratio is currently 22.22%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com raised ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. KeyCorp boosted their price objective on shares of ITT from $164.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Citigroup dropped their target price on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a report on Monday, January 13th. Stifel Nicolaus decreased their target price on ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Wolfe Research initiated coverage on ITT in a research note on Wednesday, December 11th. They set a “peer perform” rating for the company. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $170.29.

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.