ITT Inc. (NYSE:ITT) 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 value of $298,508.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of ITT Inc. (NYSE ITT) traded up $0.26 on Monday, reaching $53.81. The company had a trading volume of 558,190 shares, compared to its average volume of 580,822. The company has a market cap of $4,712.40, a P/E ratio of 22.04, a P/E/G ratio of 1.70 and a beta of 1.59. ITT Inc. has a 52-week low of $36.93 and a 52-week high of $54.79.
ITT (NYSE:ITT) last issued its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.05. ITT had a return on equity of 14.12% and a net margin of 8.29%. The firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $605.06 million. During the same period in the prior year, the business earned $0.58 EPS. The firm’s revenue was up 10.9% on a year-over-year basis. research analysts anticipate that ITT Inc. will post 2.53 EPS for the current fiscal year.
The firm 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. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.51 dividend on an annualized basis and a yield of 0.95%. ITT’s dividend payout ratio (DPR) is presently 21.89%.
Institutional investors have recently made changes to their positions in the company. Pinnacle Financial Partners Inc. acquired a new stake in shares of ITT in the second quarter valued at $105,000. Riverhead Capital Management LLC lifted its holdings in shares of ITT by 57.0% in the second 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 period. Stevens First Principles Investment Advisors acquired a new stake in shares of ITT in the third quarter valued at $137,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of ITT by 10.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,280 shares of the conglomerate’s stock valued at $132,000 after purchasing an additional 314 shares during the last quarter. Finally, Huntington National Bank purchased a new stake in shares of ITT during the third quarter valued at $191,000. Institutional investors and hedge funds own 92.51% of the company’s stock.
Several equities analysts recently commented on ITT shares. Stifel Nicolaus reissued a “buy” rating and set a $49.00 price target on shares of ITT in a research report on Wednesday, August 16th. ValuEngine lowered ITT from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Cowen reissued a “buy” rating and set a $50.00 price target on shares of ITT in a research report on Thursday, September 21st. Robert W. Baird restated a “buy” rating and set a $51.00 price objective on shares of ITT in a report on Wednesday, October 4th. Finally, Deutsche Bank upgraded ITT from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $55.00 in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. ITT has a consensus rating of “Buy” and a consensus target price of $50.88.
COPYRIGHT VIOLATION WARNING: “Insider Selling: ITT Inc. (ITT) VP Sells 5,860 Shares of Stock” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2017/12/04/steven-c-giuliano-sells-5860-shares-of-itt-inc-itt-stock.html.
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.
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 MarketBeat.com's FREE daily email newsletter.