Chicago Partners Investment Group LLC Lowers Stake in ITT Inc. (NYSE:ITT)

Chicago Partners Investment Group LLC reduced its stake in shares of ITT Inc. (NYSE:ITT) by 13.7% in the fourth quarter, Holdings Channel reports. The firm owned 3,319 shares of the conglomerate’s stock after selling 525 shares during the period. Chicago Partners Investment Group LLC’s holdings in ITT were worth $474,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Crews Bank & Trust purchased a new stake in shares of ITT during the fourth quarter valued at $229,000. R Squared Ltd bought a new stake in shares of ITT in the fourth quarter valued at about $309,000. Pacer Advisors Inc. raised its holdings in shares of ITT by 17.8% in the fourth quarter. Pacer Advisors Inc. now owns 19,868 shares of the conglomerate’s stock valued at $2,839,000 after acquiring an additional 2,999 shares in the last quarter. KBC Group NV raised its holdings in shares of ITT by 63.4% in the fourth quarter. KBC Group NV now owns 3,292 shares of the conglomerate’s stock valued at $470,000 after acquiring an additional 1,277 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of ITT by 50.4% in the fourth quarter. Blue Trust Inc. now owns 2,242 shares of the conglomerate’s stock valued at $335,000 after acquiring an additional 751 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Stock Performance

ITT opened at $148.27 on Tuesday. ITT Inc. has a 52-week low of $118.58 and a 52-week high of $161.13. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. The company has a market cap of $12.09 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.81 and a beta of 1.41. The firm’s 50-day moving average price is $148.55 and its 200-day moving average price is $144.65.

Wall Street Analyst Weigh In

ITT has been the subject of several recent research reports. The Goldman Sachs Group lifted their price objective on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, October 10th. TD Cowen lifted their price objective on ITT from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 31st. StockNews.com upgraded ITT from a “hold” rating to a “buy” rating in a report on Tuesday, January 28th. Wolfe Research initiated coverage on shares of ITT in a report on Wednesday, December 11th. They issued a “peer perform” rating for the company. Finally, Robert W. Baird reduced their target price 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. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.13.

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.