ITT Inc. (NYSE:ITT) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its position in ITT Inc. (NYSE:ITT) by 5.3% in the 4th quarter, Holdings Channel reports. The fund owned 2,572 shares of the conglomerate’s stock after selling 144 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in ITT were worth $307,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. AdvisorNet Financial Inc grew its position in ITT by 101.0% in the fourth quarter. AdvisorNet Financial Inc now owns 406 shares of the conglomerate’s stock valued at $48,000 after acquiring an additional 204 shares in the last quarter. Bfsg LLC bought a new position in ITT during the 4th quarter valued at $73,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in ITT during the 4th quarter worth $78,000. GAMMA Investing LLC bought a new stake in shares of ITT in the 4th quarter worth about $94,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of ITT by 3,528.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 907 shares of the conglomerate’s stock valued at $108,000 after purchasing an additional 882 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ITT Price Performance

Shares of ITT opened at $127.45 on Thursday. The company has a market cap of $10.49 billion, a P/E ratio of 24.99, a PEG ratio of 1.67 and a beta of 1.44. The stock has a fifty day moving average price of $131.77 and a 200 day moving average price of $126.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.59 and a quick ratio of 1.08. ITT Inc. has a 12 month low of $88.39 and a 12 month high of $140.20.

ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, May 2nd. The conglomerate reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.06. The firm had revenue of $910.60 million during the quarter, compared to the consensus estimate of $883.21 million. ITT had a return on equity of 18.21% and a net margin of 12.41%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.17 EPS. On average, research analysts forecast that ITT Inc. will post 5.85 earnings per share for the current year.

ITT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.319 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.00%. ITT’s payout ratio is currently 24.90%.

ITT 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.