Nationwide Fund Advisors trimmed its holdings in ITT Inc. (NYSE:ITT) by 3.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 182,566 shares of the conglomerate’s stock after selling 6,752 shares during the quarter. Nationwide Fund Advisors owned 0.21% of ITT worth $8,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pinnacle Financial Partners Inc. bought a new stake in ITT during the 2nd quarter valued at $105,000. Riverhead Capital Management LLC raised its holdings in ITT by 57.0% during 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. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in ITT by 10.6% during 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. Synovus Financial Corp raised its holdings in ITT by 2.6% during the 2nd quarter. Synovus Financial Corp now owns 5,489 shares of the conglomerate’s stock valued at $222,000 after buying an additional 138 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in ITT by 2.4% during the 2nd quarter. Stephens Inc. AR now owns 5,532 shares of the conglomerate’s stock valued at $222,000 after buying an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

ITT Inc. (ITT) opened at $53.09 on Friday. ITT Inc. has a 1-year low of $36.93 and a 1-year high of $54.79. The company has a market cap of $4,670.00, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.68 and a beta of 1.59.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a $0.128 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.51 annualized dividend and a yield of 0.96%. ITT’s dividend payout ratio (DPR) is presently 22.37%.

In other ITT news, insider Denise L. Ramos sold 161,100 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $50.14, for a total value of $8,077,554.00. Following the completion of the transaction, the insider now directly owns 283,032 shares in the company, valued at approximately $14,191,224.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas M. Scalera sold 5,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $50.98, for a total transaction of $254,900.00. The disclosure for this sale can be found here. Insiders sold a total of 176,960 shares of company stock valued at $8,845,462 over the last 90 days. Company insiders own 1.20% of the company’s stock.

ITT has been the subject of a number of recent analyst reports. Robert W. Baird reiterated a “buy” rating and set a $51.00 price target on shares of ITT in a report on Wednesday, October 4th. Seaport Global Securities reiterated a “buy” rating on shares of ITT in a report on Monday, November 6th. Zacks Investment Research lowered shares of ITT from a “buy” rating to a “hold” rating in a report on Monday, November 20th. KeyCorp reiterated a “buy” rating on shares of ITT in a report on Friday, November 3rd. Finally, ValuEngine lowered shares of ITT from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.88.

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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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