ProShare Advisors LLC Has $501,000 Stock Position in ITT Inc. (NYSE:ITT)

ProShare Advisors LLC lessened its holdings in ITT Inc. (NYSE:ITT) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,881 shares of the conglomerate’s stock after selling 124 shares during the period. ProShare Advisors LLC’s holdings in ITT were worth $501,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ITT. Lynx Investment Advisory bought a new stake in shares of ITT during the 2nd quarter worth about $27,000. Rise Advisors LLC grew its holdings in ITT by 788.5% during the first quarter. Rise Advisors LLC now owns 231 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 205 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of ITT in the second quarter valued at approximately $32,000. Brown Brothers Harriman & Co. acquired a new stake in shares of ITT in the second quarter worth $36,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of ITT by 71.4% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 348 shares of the conglomerate’s stock worth $45,000 after buying an additional 145 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on ITT shares. KeyCorp lifted their target price on shares of ITT from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. TD Cowen lifted their price objective on ITT from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Stifel Nicolaus increased their target price on ITT from $150.00 to $157.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $151.00.

ITT Stock Down 0.3 %

NYSE ITT opened at $149.53 on Tuesday. ITT Inc. has a twelve month low of $91.94 and a twelve month high of $152.21. The stock has a market cap of $12.31 billion, a PE ratio of 29.32, a PEG ratio of 1.89 and a beta of 1.40. The firm has a 50-day simple moving average of $137.16 and a 200 day simple moving average of $133.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.55.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, August 1st. The conglomerate reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $905.90 million during the quarter, compared to the consensus estimate of $916.38 million. ITT had a return on equity of 18.30% and a net margin of 12.47%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS. On average, research analysts forecast that ITT Inc. will post 5.84 EPS for the current year.

ITT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd were issued a $0.319 dividend. This represents a $1.28 annualized dividend and a yield of 0.85%. The ex-dividend date was Tuesday, September 3rd. ITT’s dividend payout ratio (DPR) is presently 24.90%.

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.