Twin Capital Management Inc. grew its stake in ITT Inc. (NYSE:ITT) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,640 shares of the conglomerate’s stock after buying an additional 2,050 shares during the quarter. Twin Capital Management Inc. owned approximately 0.10% of ITT worth $4,571,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of ITT. Riverhead Capital Management LLC grew its position in shares of 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 purchasing an additional 1,059 shares in the last quarter. Stevens First Principles Investment Advisors purchased a new stake in shares of ITT during the third quarter worth about $137,000. Huntington National Bank purchased a new stake in shares of ITT during the third quarter worth about $191,000. Creative Planning purchased a new stake in shares of ITT during the fourth quarter worth about $205,000. Finally, Catawba Capital Management VA purchased a new stake in shares of ITT during the fourth quarter worth about $239,000. Institutional investors and hedge funds own 91.63% of the company’s stock.
Several research firms recently issued reports on ITT. ValuEngine upgraded ITT from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut ITT from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Stifel Nicolaus reiterated 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. UBS Group began coverage on ITT in a research report on Tuesday, January 23rd. They set a “sell” rating and a $55.00 target price for the company. Finally, Oppenheimer reiterated a “buy” rating and set a $60.00 target price on shares of ITT in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. ITT presently has an average rating of “Buy” and a consensus price target of $56.00.
ITT Inc. (NYSE:ITT) opened at $51.71 on Thursday. The firm has a market capitalization of $4,502.96, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 1.35 and a beta of 1.54. ITT Inc. has a 1-year low of $36.93 and a 1-year 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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