Eads & Heald Wealth Management Sells 150 Shares of ITT Inc. (NYSE:ITT)

Eads & Heald Wealth Management lowered its holdings in ITT Inc. (NYSE:ITT) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,772 shares of the conglomerate’s stock after selling 150 shares during the quarter. Eads & Heald Wealth Management’s holdings in ITT were worth $539,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Simon Quick Advisors LLC lifted its position in shares of ITT by 21.1% during the fourth quarter. Simon Quick Advisors LLC now owns 6,276 shares of the conglomerate’s stock valued at $897,000 after buying an additional 1,093 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in ITT by 0.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 136,800 shares of the conglomerate’s stock valued at $19,546,000 after acquiring an additional 390 shares during the last quarter. UMB Bank n.a. boosted its stake in ITT by 95.8% in the fourth quarter. UMB Bank n.a. now owns 464 shares of the conglomerate’s stock valued at $66,000 after acquiring an additional 227 shares in the last quarter. CGN Advisors LLC purchased a new position in ITT in the fourth quarter worth $1,204,000. Finally, Gateway Investment Advisers LLC increased its position in shares of ITT by 3.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 12,055 shares of the conglomerate’s stock worth $1,722,000 after purchasing an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

ITT has been the subject of several recent analyst reports. Robert W. Baird lowered their price target on ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Citigroup cut their price target on shares of ITT from $183.00 to $181.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wolfe Research initiated coverage on shares of ITT in a research note on Wednesday, December 11th. They set a “peer perform” rating for the company. Stifel Nicolaus raised their target price on ITT from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group boosted their price target on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, ITT presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.25.

ITT Stock Performance

NYSE ITT opened at $153.67 on Wednesday. ITT Inc. has a fifty-two week low of $118.58 and a fifty-two week high of $161.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58. The firm has a market capitalization of $12.53 billion, a P/E ratio of 26.22, a PEG ratio of 1.81 and a beta of 1.41. The stock has a 50-day simple moving average of $149.38 and a two-hundred day simple moving average of $143.67.

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

ITT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.319 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.28 annualized dividend and a yield of 0.83%. ITT’s dividend payout ratio is presently 21.84%.

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.