Entropy Technologies LP Sells 6,040 Shares of ITT Inc. (NYSE:ITT)

Entropy Technologies LP lowered its stake in shares of ITT Inc. (NYSE:ITT - Free Report) by 41.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,449 shares of the conglomerate's stock after selling 6,040 shares during the period. Entropy Technologies LP's holdings in ITT were worth $1,207,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of ITT during the third quarter worth $26,000. Resources Management Corp CT ADV purchased a new stake in shares of ITT in the third quarter worth $30,000. ORG Wealth Partners LLC purchased a new stake in shares of ITT in the fourth quarter worth $30,000. UMB Bank n.a. raised its position in shares of ITT by 315.8% in the third quarter. UMB Bank n.a. now owns 237 shares of the conglomerate's stock worth $35,000 after buying an additional 180 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of ITT by 232.2% in the 3rd quarter. Private Trust Co. NA now owns 299 shares of the conglomerate's stock worth $45,000 after purchasing an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Analyst Ratings Changes

ITT has been the subject of a number of recent research reports. Robert W. Baird dropped their target price on ITT from $165.00 to $163.00 and set an "outperform" rating for the company in a research report on Wednesday, October 30th. TD Cowen boosted their target price on ITT from $150.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Citigroup decreased their price target on 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 assumed coverage on ITT in a research note on Wednesday, December 11th. They issued a "peer perform" rating on the stock. Finally, Stifel Nicolaus decreased 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 nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $168.38.

ITT Trading Down 0.2 %

Shares of ITT traded down $0.37 during mid-day trading on Friday, hitting $147.58. 331,974 shares of the company's stock traded hands, compared to its average volume of 377,802. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 0.08. ITT Inc. has a 1 year low of $121.01 and a 1 year high of $161.13. The firm has a market capitalization of $12.03 billion, a P/E ratio of 23.43, a PEG ratio of 1.80 and a beta of 1.41. The business's 50-day moving average price is $146.88 and its 200-day moving average price is $145.06.

ITT (NYSE:ITT - Get Free Report) last posted its earnings results on Thursday, February 6th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.02. ITT had a return on equity of 18.03% and a net margin of 14.27%. As a group, sell-side analysts forecast that ITT Inc. will post 6.33 EPS for the current fiscal year.

ITT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 6th will be paid a $0.351 dividend. This represents a $1.40 annualized dividend and a yield of 0.95%. This is a boost from ITT's previous quarterly dividend of $0.32. The ex-dividend date is Thursday, March 6th. ITT's dividend payout ratio is presently 20.32%.

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.