ITT Inc. (NYSE:ITT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in ITT Inc. (NYSE:ITTFree Report) by 14.9% during the third quarter, HoldingsChannel.com reports. The firm owned 69,789 shares of the conglomerate’s stock after selling 12,180 shares during the period. New York State Common Retirement Fund’s holdings in ITT were worth $6,833,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ITT. Clearstead Advisors LLC raised its position in shares of ITT by 81.7% during the 3rd quarter. Clearstead Advisors LLC now owns 556 shares of the conglomerate’s stock valued at $54,000 after acquiring an additional 250 shares in the last quarter. Barclays PLC raised its position in shares of ITT by 1.6% during the 3rd quarter. Barclays PLC now owns 76,096 shares of the conglomerate’s stock valued at $7,451,000 after acquiring an additional 1,197 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of ITT during the 3rd quarter valued at approximately $266,000. Arizona State Retirement System raised its position in shares of ITT by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 23,461 shares of the conglomerate’s stock valued at $2,297,000 after acquiring an additional 202 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of ITT during the 3rd quarter valued at approximately $714,000. 90.73% of the stock is owned by institutional investors and hedge funds.

ITT Trading Up 2.1 %

ITT stock opened at $122.40 on Friday. ITT Inc. has a 52 week low of $75.82 and a 52 week high of $127.13. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 1.59 and a beta of 1.44. The company’s 50-day moving average price is $118.11 and its two-hundred day moving average price is $106.21.

ITT (NYSE:ITTGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The conglomerate reported $1.34 EPS for the quarter, meeting analysts’ consensus estimates of $1.34. ITT had a net margin of 12.50% and a return on equity of 17.91%. The business had revenue of $829.10 million for the quarter, compared to analyst estimates of $814.38 million. During the same quarter last year, the business earned $1.29 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts expect that ITT Inc. will post 5.75 earnings per share for the current fiscal year.

ITT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be given a $0.319 dividend. The ex-dividend date is Thursday, March 7th. This is a boost from ITT’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.04%. ITT’s payout ratio is 23.39%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ITT shares. Bank of America raised ITT from a “neutral” rating to a “buy” rating and upped their price target for the company from $105.00 to $125.00 in a research report on Thursday, November 16th. Stifel Nicolaus increased their target price on ITT from $122.00 to $131.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Citigroup increased their target price on ITT from $122.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, StockNews.com lowered ITT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $117.43.

Check Out Our Latest Analysis on ITT

Insider Buying and Selling at ITT

In other news, SVP Ryan F. Flynn sold 2,500 shares of ITT stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $113.44, for a total value of $283,600.00. Following the transaction, the senior vice president now owns 14,047 shares of the company’s stock, valued at approximately $1,593,491.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by corporate insiders.

ITT Company Profile

(Free Report)

ITT Inc manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets worldwide. The company operates in three segments: Motion Technologies, Industrial Process, and Connect & Control Technologies. 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.

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Institutional Ownership by Quarter for ITT (NYSE:ITT)

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