Russell Investments Group Ltd. lifted its holdings in ITT Inc. (NYSE:ITT) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 620,767 shares of the conglomerate’s stock after purchasing an additional 29,427 shares during the quarter. Russell Investments Group Ltd. owned 0.71% of ITT worth $27,482,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ITT. Pinnacle Financial Partners Inc. bought a new stake in shares of ITT in the second quarter worth $105,000. Riverhead Capital Management LLC raised its position in ITT by 57.0% during the second quarter. Riverhead Capital Management LLC now owns 2,918 shares of the conglomerate’s stock worth $117,000 after acquiring an additional 1,059 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in ITT by 10.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,280 shares of the conglomerate’s stock worth $132,000 after acquiring an additional 314 shares in the last quarter. Stevens First Principles Investment Advisors bought a new stake in ITT during the third quarter worth $137,000. Finally, Huntington National Bank bought a new stake in ITT during the third quarter worth $191,000. 93.36% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This news story was posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.watchlistnews.com/russell-investments-group-ltd-increases-stake-in-itt-inc-itt/1724096.html.

In other ITT news, CFO Thomas M. Scalera sold 5,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $50.98, for a total transaction of $254,900.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Denise L. Ramos sold 161,100 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $50.14, for a total transaction of $8,077,554.00. Following the sale, the insider now owns 283,032 shares in the company, valued at $14,191,224.48. The disclosure for this sale can be found here. Insiders sold 176,960 shares of company stock worth $8,845,462 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

ITT has been the topic of several analyst reports. Zacks Investment Research raised shares of ITT from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Thursday, October 12th. Stifel Nicolaus reissued a “buy” rating and issued a $49.00 price objective on shares of ITT in a research report on Wednesday, August 16th. BidaskClub lowered shares of ITT from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. ValuEngine lowered shares of ITT from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, KeyCorp reissued a “buy” rating on shares of ITT in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.44.

ITT Inc. (NYSE:ITT) traded up $0.05 during mid-day trading on Friday, hitting $52.09. 370,500 shares of the company traded hands, compared to its average volume of 580,960. ITT Inc. has a fifty-two week low of $36.93 and a fifty-two week high of $53.00. The firm has a market capitalization of $4,583.92, a P/E ratio of 21.44, a PEG ratio of 1.65 and a beta of 1.53.

ITT (NYSE:ITT) last released its quarterly earnings results on Thursday, November 2nd. The conglomerate reported $0.66 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $605.06 million. During the same period in the prior year, the company posted $0.58 earnings per share. ITT’s revenue was up 10.9% compared to the same quarter last year. analysts expect that ITT Inc. will post 2.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a $0.128 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.51 annualized dividend and a dividend yield of 0.98%. ITT’s dividend payout ratio (DPR) is presently 21.89%.

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)

Receive News & Ratings for ITT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITT Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.