JB Capital LLC Has $1.72 Million Stock Position in ITT Inc. (NYSE:ITT)

JB Capital LLC raised its holdings in ITT Inc. (NYSE:ITT) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,028 shares of the conglomerate’s stock after buying an additional 873 shares during the quarter. JB Capital LLC’s holdings in ITT were worth $1,718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. M&T Bank Corp boosted its stake in ITT by 1.3% during the third quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate’s stock worth $797,000 after acquiring an additional 69 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of ITT by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate’s stock valued at $360,000 after purchasing an additional 87 shares during the period. Round Rock Advisors LLC boosted its position in shares of ITT by 0.4% during the 3rd quarter. Round Rock Advisors LLC now owns 20,319 shares of the conglomerate’s stock worth $3,038,000 after purchasing an additional 90 shares in the last quarter. Tectonic Advisors LLC grew its stake in shares of ITT by 3.3% in the 3rd quarter. Tectonic Advisors LLC now owns 2,925 shares of the conglomerate’s stock valued at $437,000 after buying an additional 93 shares during the period. Finally, Quent Capital LLC increased its position in ITT by 53.9% in the 3rd quarter. Quent Capital LLC now owns 294 shares of the conglomerate’s stock valued at $44,000 after buying an additional 103 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

ITT Stock Down 0.6 %

ITT opened at $150.91 on Monday. The firm has a market capitalization of $12.30 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 1.81 and a beta of 1.41. ITT Inc. has a one year low of $118.58 and a one year high of $161.13. The company has a fifty day moving average price of $148.78 and a 200-day moving average price of $144.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09.

Analyst Ratings Changes

ITT has been the topic of several recent research reports. Wolfe Research began coverage on ITT in a research note on Wednesday, December 11th. They issued a “peer perform” rating for the company. Robert W. Baird lowered their price objective on ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their price target on ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Stifel Nicolaus lowered their price target on shares of ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, TD Cowen upped their price target on ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, ITT presently has a consensus rating of “Moderate Buy” and a consensus target price 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.