Register Financial Advisors LLC Sells 99 Shares of ITT Inc. (NYSE:ITT)

Register Financial Advisors LLC reduced its position in ITT Inc. (NYSE:ITT) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,682 shares of the conglomerate’s stock after selling 99 shares during the quarter. Register Financial Advisors LLC’s holdings in ITT were worth $669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC raised its holdings in shares of ITT by 5.9% in the 2nd quarter. AE Wealth Management LLC now owns 1,802 shares of the conglomerate’s stock valued at $233,000 after acquiring an additional 100 shares in the last quarter. Sei Investments Co. raised its stake in ITT by 2.8% in the second quarter. Sei Investments Co. now owns 81,477 shares of the conglomerate’s stock valued at $10,526,000 after purchasing an additional 2,191 shares in the last quarter. Bank of Montreal Can lifted its position in ITT by 4.0% during the second quarter. Bank of Montreal Can now owns 20,246 shares of the conglomerate’s stock valued at $2,651,000 after purchasing an additional 780 shares during the last quarter. Squarepoint Ops LLC purchased a new position in ITT in the 2nd quarter worth approximately $2,831,000. Finally, Toronto Dominion Bank bought a new position in shares of ITT in the 2nd quarter worth $317,000. Institutional investors own 91.59% of the company’s stock.

ITT Price Performance

Shares of ITT stock opened at $151.30 on Monday. The company’s fifty day simple moving average is $149.38 and its two-hundred day simple moving average is $144.20. ITT Inc. has a 12-month low of $118.58 and a 12-month high of $161.13. The firm has a market cap of $12.33 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 1.58 and a debt-to-equity ratio of 0.17.

ITT (NYSE:ITT) last posted 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. The company had revenue of $885.20 million for the quarter, compared to analysts’ expectations of $884.50 million. ITT had a return on equity of 17.98% and a net margin of 13.67%. ITT’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $1.37 earnings per share. As a group, equities analysts expect that ITT Inc. will post 5.84 EPS for the current year.

ITT Dividend Announcement

The business also recently declared 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 0.84%. The ex-dividend date was Friday, November 29th. ITT’s dividend payout ratio (DPR) is currently 21.84%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of ITT from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup cut their price objective on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a report on Monday, January 13th. Robert W. Baird dropped 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. KeyCorp increased their price target 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. Finally, TD Cowen boosted 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. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.13.

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.