Radnor Capital Management LLC Lowers Holdings in ITT Inc. (NYSE:ITT)

Radnor Capital Management LLC reduced its stake in shares of ITT Inc. (NYSE:ITT) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,043 shares of the conglomerate’s stock after selling 200 shares during the quarter. Radnor Capital Management LLC’s holdings in ITT were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new position in shares of ITT during the third quarter worth $26,000. Resources Management Corp CT ADV bought a new position in shares of ITT during the 3rd quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new position in shares of ITT during the fourth quarter valued at about $30,000. Headlands Technologies LLC bought a new stake in shares of ITT in the second quarter worth about $32,000. Finally, UMB Bank n.a. lifted its position in shares of ITT by 315.8% in the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock worth $35,000 after buying an additional 180 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ITT shares. TD Cowen raised their price target on ITT from $150.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Robert W. Baird cut 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. Stifel Nicolaus upped their price target on shares of ITT from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Wolfe Research began coverage on shares of ITT in a research note on Wednesday, December 11th. They issued a “peer perform” rating for the company. Finally, Citigroup decreased their target price on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a research report on Monday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, ITT currently has a consensus rating of “Moderate Buy” and an average price target of $166.50.

ITT Trading Up 1.3 %

Shares of NYSE ITT opened at $145.39 on Thursday. ITT Inc. has a fifty-two week low of $116.59 and a fifty-two week high of $161.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 1.95 and a beta of 1.41. The business’s 50 day moving average price is $149.68 and its 200-day moving average price is $142.86.

ITT (NYSE:ITT) last released its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. The business had revenue of $885.20 million for the quarter, compared to analyst estimates of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 earnings per share. On average, sell-side analysts expect that ITT Inc. will post 5.84 earnings per share for the current year.

ITT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a $0.319 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.28 annualized dividend and a yield of 0.88%. ITT’s dividend payout ratio (DPR) is 21.67%.

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.