Insider Selling: ITT Inc. (ITT) VP Sells 5,860 Shares of Stock

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.

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About ITT

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.

Insider Buying and Selling by Quarter for ITT (NYSE:ITT)

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