JB Capital LLC Has $1.67 Million Stock Holdings in ITT Inc. (NYSE:ITT)

JB Capital LLC grew its position in shares of ITT Inc. (NYSE:ITT) by 5.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 11,155 shares of the conglomerate’s stock after buying an additional 527 shares during the period. JB Capital LLC’s holdings in ITT were worth $1,668,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Radnor Capital Management LLC boosted its stake in ITT by 6.6% during the third quarter. Radnor Capital Management LLC now owns 3,243 shares of the conglomerate’s stock valued at $485,000 after buying an additional 200 shares during the period. Marks Group Wealth Management Inc grew its position in shares of ITT by 1.5% in the 3rd quarter. Marks Group Wealth Management Inc now owns 64,094 shares of the conglomerate’s stock worth $9,583,000 after buying an additional 917 shares during the last quarter. Rational Advisors LLC bought a new stake in shares of ITT during the third quarter valued at approximately $2,572,000. Van ECK Associates Corp boosted its stake in ITT by 40.0% during the third quarter. Van ECK Associates Corp now owns 51,996 shares of the conglomerate’s stock worth $7,513,000 after acquiring an additional 14,857 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of ITT by 108.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 46,689 shares of the conglomerate’s stock worth $6,980,000 after buying an additional 24,282 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

ITT Stock Performance

NYSE ITT traded down $0.94 during trading hours on Thursday, reaching $151.30. The stock had a trading volume of 14,240 shares, compared to its average volume of 385,544. The stock has a market cap of $12.33 billion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 1.87 and a beta of 1.41. The stock has a fifty day moving average of $143.48 and a 200 day moving average of $136.71. ITT Inc. has a 52-week low of $100.31 and a 52-week high of $154.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58.

ITT (NYSE:ITT) last posted its quarterly earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. The firm 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%. ITT’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.37 earnings per share. Sell-side analysts predict that ITT Inc. will post 5.84 earnings per share for the current year.

ITT Announces Dividend

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

Analysts Set New Price Targets

ITT has been the subject of several research reports. Robert W. Baird decreased their price objective 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. KeyCorp raised their price objective on ITT from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Stifel Nicolaus boosted their price objective on shares of ITT from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. TD Cowen raised their price objective on shares of ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price target on ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, 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.