Engineers Gate Manager LP lessened its holdings in shares of ITT Inc. (NYSE:ITT) by 59.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,008 shares of the conglomerate’s stock after selling 29,907 shares during the period. Engineers Gate Manager LP’s holdings in ITT were worth $886,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Financial Partners Inc. acquired a new stake in ITT in the 2nd quarter valued at approximately $105,000. Riverhead Capital Management LLC raised its position in ITT by 57.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,918 shares of the conglomerate’s stock valued at $117,000 after buying an additional 1,059 shares during the last quarter. Stevens First Principles Investment Advisors acquired a new stake in ITT in the 3rd quarter valued at approximately $137,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in ITT by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,280 shares of the conglomerate’s stock valued at $132,000 after buying an additional 314 shares during the last quarter. Finally, Huntington National Bank acquired a new stake in ITT in the 3rd quarter valued at approximately $191,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

A number of brokerages recently issued reports on ITT. ValuEngine lowered ITT from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Seaport Global Securities reissued a “buy” rating on shares of ITT in a research report on Monday, November 6th. Zacks Investment Research lowered ITT from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. KeyCorp reissued a “buy” rating on shares of ITT in a research report on Friday, November 3rd. Finally, Robert W. Baird reissued an “outperform” rating and issued a $60.00 target price (up previously from $51.00) on shares of ITT in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. ITT has an average rating of “Buy” and an average target price of $50.88.

In other ITT news, VP Steven C. Giuliano sold 5,860 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $50.94, for a total transaction of $298,508.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Thomas M. Scalera sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $50.98, for a total value of $254,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 176,960 shares of company stock worth $8,845,462 in the last ninety days. Insiders own 1.20% of the company’s stock.

ITT Inc. (ITT) opened at $52.86 on Thursday. The firm has a market capitalization of $4,624.40, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 1.67 and a beta of 1.59. ITT Inc. has a 1 year low of $36.93 and a 1 year high of $54.79.

ITT (NYSE:ITT) last posted its quarterly earnings results on Thursday, November 2nd. The conglomerate reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The firm had revenue of $645.00 million for the quarter, compared to analyst estimates of $605.06 million. ITT had a return on equity of 14.12% and a net margin of 8.29%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 EPS. equities research analysts predict that ITT Inc. will post 2.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a dividend of $0.128 per share. This represents a $0.51 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, December 7th. ITT’s dividend payout ratio (DPR) is 21.89%.

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ITT Profile

ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment, and is a provider of plant optimization, solutions and aftermarket services and parts.

Institutional Ownership by Quarter for ITT (NYSE:ITT)

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