ORG Wealth Partners LLC Makes New $30,000 Investment in ITT Inc. (NYSE:ITT)

ORG Wealth Partners LLC acquired a new stake in ITT Inc. (NYSE:ITT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 207 shares of the conglomerate’s stock, valued at approximately $30,000.

A number of other hedge funds have also modified their holdings of ITT. Select Equity Group L.P. boosted its stake in ITT by 11.7% in the 2nd quarter. Select Equity Group L.P. now owns 3,340,392 shares of the conglomerate’s stock valued at $431,512,000 after buying an additional 351,206 shares in the last quarter. State Street Corp boosted its stake in shares of ITT by 1.1% in the 3rd quarter. State Street Corp now owns 2,437,674 shares of the conglomerate’s stock valued at $364,457,000 after purchasing an additional 26,133 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of ITT by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,369,021 shares of the conglomerate’s stock worth $204,736,000 after purchasing an additional 8,223 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of ITT by 5.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 954,809 shares of the conglomerate’s stock worth $123,338,000 after purchasing an additional 50,329 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in ITT by 4.3% in the third quarter. Westfield Capital Management Co. LP now owns 669,519 shares of the conglomerate’s stock valued at $100,100,000 after buying an additional 27,885 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on ITT. Citigroup raised their price objective on shares of ITT from $176.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, December 9th. TD Cowen lifted their price objective on ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wolfe Research started coverage on ITT in a report on Wednesday, December 11th. They set a “peer perform” rating on the stock. Robert W. Baird reduced their price target on shares of ITT from $165.00 to $163.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus raised their price objective on shares of ITT from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $166.75.

ITT Stock Performance

ITT stock opened at $139.29 on Friday. ITT Inc. has a 1 year low of $115.96 and a 1 year high of $161.13. The company’s 50-day moving average is $149.77 and its two-hundred day moving average is $142.41. The company has a current ratio of 1.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.17. The company has a market cap of $11.35 billion, a PE ratio of 23.77, a PEG ratio of 1.95 and a beta of 1.41.

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

ITT Announces Dividend

The business 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 of this dividend was Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.92%. ITT’s dividend payout ratio (DPR) is presently 21.67%.

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.