Register Financial Advisors LLC Purchases 150 Shares of ITT Inc. (NYSE:ITT)

Register Financial Advisors LLC grew its position in ITT Inc. (NYSE:ITT) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,454 shares of the conglomerate’s stock after acquiring an additional 150 shares during the quarter. Register Financial Advisors LLC’s holdings in ITT were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Benson Investment Management Company Inc. increased its stake in ITT by 1.5% in the 1st quarter. Benson Investment Management Company Inc. now owns 38,819 shares of the conglomerate’s stock worth $5,281,000 after acquiring an additional 562 shares during the last quarter. Running Oak Capital LLC increased its stake in ITT by 4.6% in the 1st quarter. Running Oak Capital LLC now owns 91,908 shares of the conglomerate’s stock worth $12,502,000 after acquiring an additional 4,029 shares during the last quarter. Park Avenue Securities LLC increased its stake in ITT by 8.3% in the 1st quarter. Park Avenue Securities LLC now owns 3,700 shares of the conglomerate’s stock worth $503,000 after acquiring an additional 282 shares during the last quarter. Fulton Bank N.A. purchased a new position in shares of ITT in the 1st quarter worth approximately $306,000. Finally, Welch Group LLC purchased a new position in shares of ITT in the 1st quarter worth approximately $342,000. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ITT shares. Citigroup lifted their target price on ITT from $139.00 to $157.00 and gave the stock a “buy” rating in a report on Monday, April 8th. DA Davidson lifted their target price on ITT from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. KeyCorp lifted their target price on ITT from $136.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. UBS Group lifted their target price on ITT from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Stifel Nicolaus lifted their target price on ITT from $141.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $138.38.

ITT Trading Up 1.3 %

ITT traded up $1.66 during trading hours on Friday, reaching $129.21. 603,782 shares of the company’s stock traded hands, compared to its average volume of 386,979. The firm has a 50-day moving average price of $131.82 and a 200 day moving average price of $126.59. ITT Inc. has a 52-week low of $90.33 and a 52-week high of $140.20. The company has a quick ratio of 1.08, a current ratio of 1.59 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $10.63 billion, a PE ratio of 25.34, a PEG ratio of 1.65 and a beta of 1.44.

ITT (NYSE:ITT) last posted its quarterly earnings data on Thursday, May 2nd. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.06. ITT had a return on equity of 18.21% and a net margin of 12.41%. The company had revenue of $910.60 million during the quarter, compared to analysts’ expectations of $883.21 million. During the same quarter in the previous year, the business earned $1.17 EPS. ITT’s revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts predict that ITT Inc. will post 5.85 EPS for the current fiscal year.

ITT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a $0.319 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Monday, June 3rd. ITT’s dividend payout ratio is 25.10%.

ITT Company Profile

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.