GAMMA Investing LLC Has $195,000 Stock Holdings in ITT Inc. (NYSE:ITT)

GAMMA Investing LLC boosted its position in shares of ITT Inc. (NYSE:ITT) by 48.7% in the third quarter, Holdings Channel reports. The firm owned 1,303 shares of the conglomerate’s stock after purchasing an additional 427 shares during the period. GAMMA Investing LLC’s holdings in ITT were worth $195,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Eagle Bluffs Wealth Management LLC boosted its position in shares of ITT by 0.4% during the second quarter. Eagle Bluffs Wealth Management LLC now owns 18,973 shares of the conglomerate’s stock worth $2,457,000 after purchasing an additional 82 shares in the last quarter. AE Wealth Management LLC raised its stake in ITT by 5.9% during the 2nd quarter. AE Wealth Management LLC now owns 1,802 shares of the conglomerate’s stock worth $233,000 after buying an additional 100 shares during the period. Quent Capital LLC grew its stake in ITT by 53.9% in the third quarter. Quent Capital LLC now owns 294 shares of the conglomerate’s stock valued at $44,000 after acquiring an additional 103 shares during the period. HBK Sorce Advisory LLC increased its holdings in shares of ITT by 4.7% in the first quarter. HBK Sorce Advisory LLC now owns 2,306 shares of the conglomerate’s stock worth $314,000 after acquiring an additional 104 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of ITT by 38.7% during the second quarter. Blue Trust Inc. now owns 423 shares of the conglomerate’s stock worth $58,000 after purchasing an additional 118 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. KeyCorp boosted their price objective on ITT from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. TD Cowen upped their price target on shares of ITT from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 15th. The Goldman Sachs Group boosted their price objective on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus increased their target price on ITT from $150.00 to $157.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, ITT currently has a consensus rating of “Buy” and an average price target of $152.88.

ITT Trading Up 2.0 %

Shares of NYSE:ITT opened at $151.98 on Friday. The company’s 50-day moving average price is $138.97 and its two-hundred day moving average price is $134.77. ITT Inc. has a one year low of $91.94 and a one year high of $153.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.10. The stock has a market capitalization of $12.42 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 2.01 and a beta of 1.40.

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

ITT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.319 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 0.84%. ITT’s payout ratio is 24.43%.

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.