Quantbot Technologies LP Has $1.67 Million Stake in ITT Inc. (ITT)

Quantbot Technologies LP grew its position in shares of ITT Inc. (NYSE:ITT) by 53.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,795 shares of the conglomerate’s stock after buying an additional 13,235 shares during the quarter. Quantbot Technologies LP’s holdings in ITT were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC bought a new position in ITT in the 2nd quarter worth approximately $122,628,000. Wedge Capital Management L L P NC bought a new position in ITT in the 2nd quarter worth approximately $27,785,000. LSV Asset Management increased its position in ITT by 57.1% in the 2nd quarter. LSV Asset Management now owns 1,614,577 shares of the conglomerate’s stock worth $64,873,000 after buying an additional 587,000 shares during the period. Channing Capital Management LLC increased its position in ITT by 271.6% in the 2nd quarter. Channing Capital Management LLC now owns 564,125 shares of the conglomerate’s stock worth $22,667,000 after buying an additional 412,332 shares during the period. Finally, Numeric Investors LLC grew its holdings in shares of ITT by 2,005.2% during the 2nd quarter. Numeric Investors LLC now owns 362,100 shares of the conglomerate’s stock worth $14,549,000 after purchasing an additional 344,900 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

ITT has been the topic of several recent research reports. Robert W. Baird reissued a “buy” rating and set a $51.00 price objective on shares of ITT in a report on Wednesday, October 4th. Seaport Global Securities restated a “buy” rating on shares of ITT in a research report on Monday, November 6th. Zacks Investment Research downgraded ITT from a “buy” rating to a “hold” rating in a report on Monday, November 20th. KeyCorp restated a “buy” rating on shares of ITT in a report on Friday, November 3rd. Finally, ValuEngine cut ITT from a “buy” rating to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $50.88.

Shares of ITT Inc. (NYSE:ITT) traded up $0.26 during mid-day trading on Monday, hitting $53.81. The company’s stock had a trading volume of 558,190 shares, compared to its average volume of 580,822. ITT Inc. has a 52-week low of $36.93 and a 52-week high of $54.79. The firm has a market cap of $4,712.40, a P/E ratio of 22.04, a PEG ratio of 1.70 and a beta of 1.59.

ITT (NYSE:ITT) last released its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $645.00 million for the quarter, compared to the consensus estimate of $605.06 million. During the same quarter last year, the business posted $0.58 EPS. ITT’s revenue for the quarter was up 10.9% on a year-over-year basis. equities analysts expect that ITT Inc. will post 2.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a $0.128 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, December 7th. ITT’s payout ratio is 21.89%.

In related news, insider Mary Elizabeth Gustafsson sold 5,000 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $42.90, for a total value of $214,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Steven C. Giuliano sold 5,860 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $50.94, for a total transaction of $298,508.40. The disclosure for this sale can be found here. Insiders have sold a total of 176,960 shares of company stock valued at $8,845,462 over the last three months. Corporate insiders own 1.20% of the company’s stock.

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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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