Romano Brothers AND Company Cuts Stock Holdings in ITT Inc. (NYSE:ITT)

Romano Brothers AND Company cut its position in shares of ITT Inc. (NYSE:ITT) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,745 shares of the conglomerate’s stock after selling 250 shares during the period. Romano Brothers AND Company’s holdings in ITT were worth $1,249,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITT. Capital Performance Advisors LLP purchased a new stake in shares of ITT during the 3rd quarter worth about $26,000. Resources Management Corp CT ADV purchased a new position in ITT during the third quarter worth approximately $30,000. ORG Wealth Partners LLC acquired a new stake in ITT in the fourth quarter valued at approximately $30,000. UMB Bank n.a. increased 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 valued at $35,000 after buying an additional 180 shares in the last quarter. Finally, Quent Capital LLC raised its stake in shares of ITT by 53.9% during the 3rd quarter. Quent Capital LLC now owns 294 shares of the conglomerate’s stock worth $44,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. StockNews.com cut shares of ITT from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. TD Cowen raised their price target on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Citigroup cut their price objective on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Robert W. Baird decreased their target price on ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.50.

ITT Trading Up 1.4 %

ITT opened at $151.24 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09. The company’s 50 day simple moving average is $149.46 and its two-hundred day simple moving average is $143.21. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 1.63 and a beta of 1.41. ITT Inc. has a 1-year low of $117.25 and a 1-year high of $161.13.

ITT (NYSE:ITT) last issued its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.03. ITT had a return on equity of 17.98% and a net margin of 13.67%. The company had revenue of $885.20 million during the quarter, compared to analysts’ expectations of $884.50 million. During the same period in the prior year, the business earned $1.37 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that ITT Inc. will post 5.84 EPS for the current fiscal year.

ITT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a $0.319 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.28 annualized dividend and a dividend yield of 0.84%. ITT’s dividend payout ratio (DPR) is 21.84%.

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.