Sequoia Financial Advisors LLC Has $3.83 Million Stock Position in ITT Inc. (NYSE:ITT)

Sequoia Financial Advisors LLC boosted its position in ITT Inc. (NYSE:ITT) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,604 shares of the conglomerate’s stock after buying an additional 1,522 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ITT were worth $3,828,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ITT. Lynx Investment Advisory bought a new stake in shares of ITT in the second quarter valued at approximately $27,000. Headlands Technologies LLC acquired a new position in ITT during the 2nd quarter valued at $32,000. UMB Bank n.a. boosted its holdings in ITT by 315.8% in the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 180 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in ITT in the 2nd quarter worth $36,000. Finally, Quent Capital LLC increased its holdings in shares of ITT by 53.9% during the 3rd quarter. Quent Capital LLC now owns 294 shares of the conglomerate’s stock worth $44,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

ITT Stock Performance

ITT stock opened at $144.52 on Thursday. The stock has a 50-day simple moving average of $141.64 and a 200 day simple moving average of $135.55. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 2.01 and a beta of 1.40. The company has a quick ratio of 1.10, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. ITT Inc. has a 12-month low of $91.94 and a 12-month high of $153.99.

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

ITT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd were paid a $0.319 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.28 annualized dividend and a dividend yield of 0.88%. ITT’s dividend payout ratio (DPR) is currently 24.90%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. TD Cowen lifted their target price on ITT from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Stifel Nicolaus boosted their price objective on ITT from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group upped their target price on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, KeyCorp lifted their price target on shares of ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, ITT presently has a consensus rating of “Buy” and a consensus target price of $155.25.

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.