Fort Washington Investment Advisors Inc. OH Has $19.55 Million Stock Holdings in ITT Inc. (NYSE:ITT)

Fort Washington Investment Advisors Inc. OH raised its stake in ITT Inc. (NYSE:ITT) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,800 shares of the conglomerate’s stock after purchasing an additional 390 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.17% of ITT worth $19,546,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Eagle Asset Management Inc. bought a new position in shares of ITT during the third quarter worth approximately $67,503,000. Select Equity Group L.P. grew its holdings in ITT by 11.7% in the 2nd quarter. Select Equity Group L.P. now owns 3,340,392 shares of the conglomerate’s stock valued at $431,512,000 after buying an additional 351,206 shares in the last quarter. Millennium Management LLC increased its position in ITT by 200.4% during the 2nd quarter. Millennium Management LLC now owns 393,429 shares of the conglomerate’s stock worth $50,823,000 after buying an additional 262,470 shares during the period. AQR Capital Management LLC lifted its holdings in shares of ITT by 115.6% during the second quarter. AQR Capital Management LLC now owns 245,676 shares of the conglomerate’s stock worth $31,717,000 after buying an additional 131,708 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of ITT in the second quarter valued at about $9,936,000. 91.59% of the stock is owned by institutional investors.

ITT Stock Down 0.4 %

ITT stock opened at $153.31 on Thursday. The firm has a 50-day moving average price of $149.38 and a 200-day moving average price of $143.74. ITT Inc. has a 12 month low of $118.58 and a 12 month high of $161.13. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $12.50 billion, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 1.81 and a beta of 1.41.

ITT (NYSE:ITT) last issued its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, beating 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%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $1.37 earnings per share. As a group, equities research analysts anticipate that ITT Inc. will post 5.84 EPS for the current fiscal year.

ITT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a $0.319 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, November 29th. ITT’s dividend payout ratio is currently 21.84%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ITT. Wolfe Research assumed coverage on shares of ITT in a report on Wednesday, December 11th. They issued a “peer perform” rating for the company. Citigroup cut their price target on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group raised their price objective on ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Stifel Nicolaus upped their target price on ITT from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, KeyCorp boosted their price target on ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.25.

About ITT

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.