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

Radnor Capital Management LLC decreased its holdings in 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. The institutional investor owned 3,043 shares of the conglomerate’s stock after selling 200 shares during the period. Radnor Capital Management LLC’s holdings in ITT were worth $435,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ITT. M&T Bank Corp boosted its position in shares of ITT by 1.3% during the third quarter. M&T Bank Corp now owns 5,334 shares of the conglomerate’s stock valued at $797,000 after buying an additional 69 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of ITT by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,409 shares of the conglomerate’s stock valued at $360,000 after acquiring an additional 87 shares during the last quarter. Round Rock Advisors LLC grew its stake in shares of ITT by 0.4% in the third quarter. Round Rock Advisors LLC now owns 20,319 shares of the conglomerate’s stock worth $3,038,000 after acquiring an additional 90 shares during the period. Tectonic Advisors LLC raised its holdings in shares of ITT by 3.3% during the third quarter. Tectonic Advisors LLC now owns 2,925 shares of the conglomerate’s stock valued at $437,000 after purchasing an additional 93 shares during the last quarter. Finally, AE Wealth Management LLC lifted its position in ITT by 5.9% during the second quarter. AE Wealth Management LLC now owns 1,802 shares of the conglomerate’s stock valued at $233,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Stock Up 1.3 %

NYSE ITT opened at $145.39 on Thursday. ITT Inc. has a 52 week low of $116.59 and a 52 week high of $161.13. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $11.85 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 1.95 and a beta of 1.41. The stock’s 50-day moving average price is $149.68 and its 200-day moving average price is $142.86.

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

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a $0.319 dividend. This represents a $1.28 annualized dividend and a yield of 0.88%. The ex-dividend date was Friday, November 29th. ITT’s dividend payout ratio is currently 21.67%.

Wall Street Analyst Weigh In

A number of research firms have commented on ITT. Citigroup cut their target price on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Monday. The Goldman Sachs Group lifted their price objective on ITT from $150.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Robert W. Baird lowered their target price on ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Stifel Nicolaus boosted their price target on ITT from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen increased their price objective on shares of ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, ITT currently has an average rating of “Moderate Buy” and a consensus target price of $166.50.

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.