Prudent Man Advisors LLC Sells 552 Shares of ITT Inc. (NYSE:ITT)

Prudent Man Advisors LLC lessened its stake in ITT Inc. (NYSE:ITT) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,182 shares of the conglomerate’s stock after selling 552 shares during the quarter. Prudent Man Advisors LLC’s holdings in ITT were worth $598,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Eagle Asset Management Inc. purchased a new stake in ITT in the third quarter worth $67,503,000. International Assets Investment Management LLC increased its holdings in ITT by 16,832.5% in the 3rd quarter. International Assets Investment Management LLC now owns 14,054 shares of the conglomerate’s stock worth $2,101,000 after acquiring an additional 13,971 shares during the last quarter. Algert Global LLC increased its stake in shares of ITT by 101.2% in the third quarter. Algert Global LLC now owns 18,034 shares of the conglomerate’s stock worth $2,696,000 after purchasing an additional 9,070 shares in the last quarter. Pier 88 Investment Partners LLC lifted its stake in shares of ITT by 268.1% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 27,830 shares of the conglomerate’s stock valued at $4,161,000 after buying an additional 20,270 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in ITT by 63.8% in the 4th quarter. Vest Financial LLC now owns 17,004 shares of the conglomerate’s stock worth $2,430,000 after buying an additional 6,626 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Price Performance

Shares of NYSE:ITT opened at $141.06 on Friday. The company’s fifty day moving average is $145.87 and its 200 day moving average is $145.84. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. ITT Inc. has a 52 week low of $121.01 and a 52 week high of $161.13. The stock has a market cap of $11.48 billion, a PE ratio of 22.39, a PEG ratio of 1.89 and a beta of 1.41.

ITT (NYSE:ITT) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. Research analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be paid a $0.351 dividend. The ex-dividend date is Thursday, March 6th. This is a boost from ITT’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.00%. ITT’s dividend payout ratio (DPR) is presently 22.22%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ITT. Wolfe Research initiated coverage on shares of ITT in a report on Wednesday, December 11th. They set a “peer perform” rating on the stock. StockNews.com raised shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Stifel Nicolaus reduced their price objective on shares of ITT from $180.00 to $179.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Citigroup decreased their price target on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, KeyCorp lifted their target price on shares of ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.38.

About ITT

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.