Victory Capital Management Inc. cut its holdings in shares of ITT Inc. (NYSE:ITT) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 941,381 shares of the conglomerate’s stock after selling 11,634 shares during the period. Victory Capital Management Inc. owned 1.07% of ITT worth $50,242,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ITT. Stevens First Principles Investment Advisors bought a new position in shares of ITT during the third quarter valued at approximately $137,000. Huntington National Bank bought a new position in shares of ITT during the third quarter valued at approximately $191,000. Creative Planning bought a new position in shares of ITT during the fourth quarter valued at approximately $205,000. Catawba Capital Management VA bought a new position in shares of ITT during the fourth quarter valued at approximately $239,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of ITT by 17.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,120 shares of the conglomerate’s stock valued at $246,000 after purchasing an additional 914 shares in the last quarter. Hedge funds and other institutional investors own 91.63% of the company’s stock.
A number of research firms recently commented on ITT. ValuEngine raised shares of ITT from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research cut shares of ITT from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Stifel Nicolaus reissued a “buy” rating and set a $63.00 target price (up previously from $60.00) on shares of ITT in a research report on Tuesday, January 16th. KeyCorp reissued a “buy” rating on shares of ITT in a research report on Friday, November 3rd. Finally, Oppenheimer reissued a “buy” rating and set a $60.00 target price on shares of ITT in a research report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. ITT presently has an average rating of “Buy” and a consensus target price of $56.00.
In other ITT news, CFO Thomas M. Scalera sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $50.98, for a total value of $254,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Steven C. Giuliano sold 5,860 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was 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. Company insiders own 1.20% of the company’s stock.
ITT Inc. (NYSE:ITT) traded up $0.78 during midday trading on Wednesday, hitting $51.66. 539,126 shares of the company’s stock were exchanged, compared to its average volume of 608,523. The stock has a market capitalization of $4,502.96, a PE ratio of 21.84, a P/E/G ratio of 1.35 and a beta of 1.54. ITT Inc. has a fifty-two week low of $36.93 and a fifty-two week high of $57.62.
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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.
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