Radnor Capital Management LLC Has $485,000 Stock Holdings in ITT Inc. (NYSE:ITT)

Radnor Capital Management LLC lifted its position in ITT Inc. (NYSE:ITT) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,243 shares of the conglomerate’s stock after buying an additional 200 shares during the quarter. Radnor Capital Management LLC’s holdings in ITT were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Lynx Investment Advisory acquired a new position in ITT during the 2nd quarter worth $27,000. Headlands Technologies LLC bought a new position in shares of ITT in the second quarter worth about $32,000. UMB Bank n.a. lifted its position in shares of ITT by 315.8% during the 3rd quarter. UMB Bank n.a. now owns 237 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 180 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in ITT in the 2nd quarter valued at approximately $36,000. Finally, Quent Capital LLC increased its position in ITT by 53.9% in the 3rd quarter. Quent Capital LLC now owns 294 shares of the conglomerate’s stock worth $44,000 after buying an additional 103 shares during the period. 91.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ITT. The Goldman Sachs Group increased their price objective on ITT from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. KeyCorp boosted their price objective on shares of ITT from $155.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. TD Cowen increased their target price on shares of ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their target price on ITT from $157.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Robert W. Baird cut 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. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $157.78.

ITT Price Performance

Shares of ITT stock opened at $152.26 on Thursday. The stock’s fifty day simple moving average is $143.17 and its 200 day simple moving average is $136.60. ITT Inc. has a one year low of $99.52 and a one year high of $154.35. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 1.87 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.09.

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

ITT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.319 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, November 29th. ITT’s payout ratio is 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.