PNC Financial Services Group Inc. Has $4.04 Million Position in ITT Inc. (NYSE:ITT)

PNC Financial Services Group Inc. lessened its position in ITT Inc. (NYSE:ITT) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,871 shares of the conglomerate’s stock after selling 1,067 shares during the period. PNC Financial Services Group Inc.’s holdings in ITT were worth $4,041,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of ITT. AdvisorNet Financial Inc raised its stake in ITT by 101.0% during the 4th quarter. AdvisorNet Financial Inc now owns 406 shares of the conglomerate’s stock worth $48,000 after buying an additional 204 shares during the period. Clearstead Advisors LLC raised its position in shares of ITT by 81.7% during the third quarter. Clearstead Advisors LLC now owns 556 shares of the conglomerate’s stock worth $54,000 after purchasing an additional 250 shares during the period. Bfsg LLC bought a new position in shares of ITT during the 4th quarter valued at about $73,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in ITT during the 4th quarter worth approximately $78,000. Finally, GAMMA Investing LLC acquired a new stake in ITT during the 4th quarter worth approximately $94,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of ITT from $141.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. UBS Group upped their price target on shares of ITT from $135.00 to $158.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. KeyCorp upped their price target on shares of ITT from $136.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Citigroup increased their target price on shares of ITT from $139.00 to $157.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, DA Davidson raised their target price on shares of ITT from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $138.38.

ITT Stock Performance

Shares of ITT opened at $137.57 on Friday. The firm has a 50-day moving average of $132.65 and a 200-day moving average of $123.05. ITT Inc. has a one year low of $75.82 and a one year high of $140.20. The company has a market cap of $11.32 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.78 and a beta of 1.43. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.08.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, May 2nd. The conglomerate reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.06. ITT had a net margin of 12.41% and a return on equity of 18.21%. The company had revenue of $910.60 million during the quarter, compared to the consensus estimate of $883.21 million. During the same quarter last year, the firm posted $1.17 EPS. The company’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities analysts forecast that ITT Inc. will post 5.85 earnings per share for the current year.

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a $0.319 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Monday, June 3rd. ITT’s dividend payout ratio (DPR) is presently 25.10%.

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.