ORG Wealth Partners LLC Takes $30,000 Position in ITT Inc. (NYSE:ITT)

ORG Wealth Partners LLC acquired a new position in shares of ITT Inc. (NYSE:ITT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 207 shares of the conglomerate’s stock, valued at approximately $30,000.

A number of other institutional investors have also recently bought and sold shares of ITT. Capital Performance Advisors LLP acquired a new stake in shares of ITT during the 3rd quarter valued at about $26,000. Resources Management Corp CT ADV acquired a new stake in ITT in the third quarter valued at approximately $30,000. Headlands Technologies LLC bought a new stake in ITT in the second quarter worth approximately $32,000. UMB Bank n.a. increased its stake in shares of ITT by 315.8% during the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 180 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of ITT during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ITT. The Goldman Sachs Group increased their target price on shares of ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wolfe Research assumed coverage on ITT in a research note on Wednesday, December 11th. They issued a “peer perform” rating on the stock. Robert W. Baird decreased their target price on ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Stifel Nicolaus lifted their price target on shares of ITT from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Citigroup upped their price objective on shares of ITT from $176.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, ITT presently has a consensus rating of “Moderate Buy” and an average target price of $166.75.

ITT Stock Performance

NYSE ITT opened at $139.29 on Friday. The company’s fifty day moving average is $149.77 and its two-hundred day moving average is $142.41. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.95 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. ITT Inc. has a 52-week low of $115.96 and a 52-week high of $161.13.

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. ITT had a return on equity of 17.98% and a net margin of 13.67%. The business had revenue of $885.20 million for the quarter, compared to the consensus estimate of $884.50 million. During the same period last year, the business earned $1.37 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts forecast that ITT Inc. will post 5.84 EPS for the current year.

ITT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 0.92%. ITT’s dividend payout ratio (DPR) is currently 21.67%.

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.