Headlands Applied sciences LLC bought a brand new place in shares of ITT Inc. (NYSE:ITT – Free Report) through the 2nd quarter, Holdings Channel.com studies. The institutional investor bought 250 shares of the conglomerate’s inventory, valued at roughly $32,000.
A number of different hedge funds have additionally made adjustments to their positions within the enterprise. Mawer Funding Administration Ltd. acquired a brand new stake in shares of ITT through the second quarter price about $49,043,000. LGT Group Basis acquired a brand new stake in shares of ITT through the second quarter price about $5,419,000. Texas Everlasting Faculty Fund Corp raised its holdings in ITT by 1.7% within the second quarter. Texas Everlasting Faculty Fund Corp now owns 73,108 shares of the conglomerate’s inventory valued at $9,444,000 after buying an extra 1,255 shares within the final quarter. Ashton Thomas Personal Wealth LLC acquired a brand new stake in ITT within the second quarter valued at roughly $128,000. Lastly, Quest Companions LLC raised its holdings in ITT by 197.3% within the second quarter. Quest Companions LLC now owns 17,220 shares of the conglomerate’s inventory valued at $2,224,000 after buying an extra 11,428 shares within the final quarter. Institutional traders and hedge funds personal 91.59% of the corporate’s inventory.
ITT Inventory Efficiency
Shares of ITT inventory opened at $139.18 on Wednesday. The agency has a market capitalization of $11.45 billion, a P/E ratio of 27.29, a P/E/G ratio of 1.71 and a beta of 1.40. ITT Inc. has a 52 week low of $91.94 and a 52 week excessive of $149.65. The corporate has a fast ratio of 1.10, a present ratio of 1.55 and a debt-to-equity ratio of 0.07. The agency’s 50 day shifting common is $135.14 and its two-hundred day shifting common is $132.35.
ITT (NYSE:ITT – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, August 1st. The conglomerate reported $1.49 EPS for the quarter, beating the consensus estimate of $1.46 by $0.03. The corporate had income of $905.90 million for the quarter, in comparison with analyst estimates of $916.38 million. ITT had a internet margin of 12.47% and a return on fairness of 18.30%. The agency’s income was up 8.6% on a year-over-year foundation. Throughout the identical interval within the prior 12 months, the agency posted $1.33 earnings per share. Analysis analysts forecast that ITT Inc. will submit 5.84 EPS for the present fiscal 12 months.
ITT Dividend Announcement
The agency additionally lately introduced a quarterly dividend, which will probably be paid on Monday, September thirtieth. Stockholders of report on Tuesday, September third will probably be given a dividend of $0.319 per share. The ex-dividend date is Tuesday, September third. This represents a $1.28 dividend on an annualized foundation and a dividend yield of 0.92%. ITT’s dividend payout ratio (DPR) is presently 24.90%.
Analyst Upgrades and Downgrades
A number of brokerages lately weighed in on ITT. Stifel Nicolaus raised their goal worth on shares of ITT from $150.00 to $157.00 and gave the corporate a “purchase” ranking in a report on Thursday, July 18th. TD Cowen raised their goal worth on shares of ITT from $125.00 to $150.00 and gave the corporate a “purchase” ranking in a report on Monday, July fifteenth. Lastly, KeyCorp raised their goal worth on shares of ITT from $150.00 to $155.00 and gave the corporate an “chubby” ranking in a report on Friday, August 2nd. Eight equities analysis analysts have rated the inventory with a purchase ranking, In accordance with MarketBeat.com, ITT presently has a consensus ranking of “Purchase” and a consensus worth goal of $151.00.
Verify Out Our Newest Inventory Evaluation on ITT
About ITT
ITT Inc, along with its subsidiaries, manufactures and sells engineered vital parts and customised expertise options for the transportation, industrial, and power markets in america and internationally. The Movement Applied sciences phase manufactures brake pads, shims, shock absorbers, and power absorption parts; and sealing applied sciences primarily for the transportation business, together with passenger vehicles, vehicles, light- and heavy-duty business and navy automobiles, buses, and trains.
Additional Studying
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