Orion Portfolio Solutions LLC Trims Holdings in ITT Inc. (NYSE:ITT)

Orion Portfolio Solutions LLC decreased its stake in shares of ITT Inc. (NYSE:ITT) by 6.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,141 shares of the conglomerate’s stock after selling 1,030 shares during the period. Orion Portfolio Solutions LLC’s holdings in ITT were worth $2,020,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in ITT during the fourth quarter valued at approximately $26,000. Resources Management Corp CT ADV purchased a new position in shares of ITT during the third quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new stake in ITT in the fourth quarter worth $30,000. Whipplewood Advisors LLC purchased a new position in shares of ITT during the fourth quarter valued at approximately $34,000. Finally, V Square Quantitative Management LLC grew its stake in shares of ITT by 79.1% in the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate’s stock worth $59,000 after acquiring an additional 182 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

ITT Price Performance

Shares of ITT stock opened at $133.62 on Thursday. The stock has a market cap of $10.88 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.89 and a beta of 1.42. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The stock’s fifty day moving average is $141.34 and its 200 day moving average is $145.97. ITT Inc. has a one year low of $121.01 and a one year high of $161.13.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. Sell-side analysts anticipate that ITT Inc. will post 6.51 earnings per share for the current year.

ITT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 6th were given a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.05%. This is an increase from ITT’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, March 6th. ITT’s dividend payout ratio (DPR) is presently 22.22%.

Analyst Ratings Changes

ITT has been the subject of a number of research analyst reports. UBS Group lifted their target price on ITT from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, February 7th. KeyCorp increased their price objective 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. StockNews.com upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Citigroup decreased their target price on shares of ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Stifel Nicolaus dropped their price target on ITT from $180.00 to $179.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, ITT currently has an average rating of “Moderate Buy” and a consensus target price of $170.29.

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.