Orion Portfolio Solutions LLC Sells 1,030 Shares of ITT Inc. (NYSE:ITT)

Orion Portfolio Solutions LLC trimmed its holdings in ITT Inc. (NYSE:ITT) by 6.8% in the 4th quarter, HoldingsChannel reports. The firm owned 14,141 shares of the conglomerate’s stock after selling 1,030 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in ITT were worth $2,020,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new position in shares of ITT in the fourth quarter worth $26,000. Resources Management Corp CT ADV purchased a new stake in ITT in the 3rd quarter worth $30,000. ORG Wealth Partners LLC bought a new position in shares of ITT during the 4th quarter valued at about $30,000. Whipplewood Advisors LLC purchased a new position in shares of ITT during the fourth quarter valued at about $34,000. Finally, V Square Quantitative Management LLC increased its holdings 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 purchasing an additional 182 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

ITT Stock Up 1.9 %

ITT stock opened at $133.62 on Thursday. The firm has a 50-day moving average of $141.34 and a two-hundred day moving average of $145.97. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.89 and a beta of 1.42. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. ITT Inc. has a 12 month low of $121.01 and a 12 month 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, topping analysts’ consensus estimates of $1.48 by $0.02. ITT had a net margin of 14.27% and a return on equity of 18.03%. As a group, analysts forecast that ITT Inc. will post 6.51 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 6th were paid a dividend of $0.351 per share. This is a boost from ITT’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.40 annualized dividend and a yield of 1.05%. ITT’s payout ratio is presently 22.22%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ITT. UBS Group increased their price target on ITT from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Stifel Nicolaus lowered their price target on shares of ITT from $180.00 to $179.00 and set a “buy” rating for the company in a report on Friday, January 24th. Wolfe Research began coverage on shares of ITT in a research note on Wednesday, December 11th. They set a “peer perform” rating for the company. KeyCorp lifted their price objective on shares of ITT from $164.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, StockNews.com upgraded ITT from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.