Prudent Man Advisors LLC Sells 120 Shares of ITT Inc. (NYSE:ITT)

Prudent Man Advisors LLC reduced its position in ITT Inc. (NYSE:ITT) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,734 shares of the conglomerate’s stock after selling 120 shares during the quarter. Prudent Man Advisors LLC’s holdings in ITT were worth $708,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in ITT by 19.5% during the first quarter. Russell Investments Group Ltd. now owns 54,785 shares of the conglomerate’s stock worth $7,452,000 after acquiring an additional 8,956 shares in the last quarter. Blair William & Co. IL lifted its holdings in ITT by 1.4% during the first quarter. Blair William & Co. IL now owns 25,064 shares of the conglomerate’s stock worth $3,409,000 after acquiring an additional 337 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in shares of ITT by 1.5% in the 1st quarter. Orion Portfolio Solutions LLC now owns 17,312 shares of the conglomerate’s stock worth $2,355,000 after buying an additional 264 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of ITT by 16.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,380 shares of the conglomerate’s stock valued at $1,257,000 after acquiring an additional 1,346 shares during the period. Finally, Ontario Teachers Pension Plan Board raised its stake in shares of ITT by 56.4% in the first quarter. Ontario Teachers Pension Plan Board now owns 12,995 shares of the conglomerate’s stock valued at $1,768,000 after buying an additional 4,685 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. 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. TD Cowen raised their price objective on shares of ITT from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird lowered their target price on shares of ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Finally, KeyCorp increased their price objective on ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $161.88.

ITT Price Performance

Shares of NYSE:ITT opened at $152.60 on Monday. ITT Inc. has a one year low of $107.01 and a one year high of $155.52. 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 firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 1.98 and a beta of 1.41. The company’s fifty day moving average price is $146.09 and its 200-day moving average price is $137.90.

ITT (NYSE:ITT) last issued its earnings results on Tuesday, October 29th. The conglomerate reported $1.46 earnings per share (EPS) for the quarter, topping 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 business had revenue of $885.20 million during the quarter, compared to analyst estimates of $884.50 million. During the same quarter in the prior year, the firm earned $1.37 earnings per share. ITT’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that ITT Inc. will post 5.84 earnings per share for the current fiscal year.

ITT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.319 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.28 annualized dividend and a yield of 0.84%. ITT’s payout ratio is currently 21.84%.

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.