Rathbone Brothers plc Has $613,000 Position in ITT Inc. (ITT)

Rathbone Brothers plc trimmed its position in shares of ITT Inc. (NYSE:ITT) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,250 shares of the conglomerate’s stock after selling 400 shares during the period. Rathbone Brothers plc’s holdings in ITT were worth $613,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ITT. Nationwide Fund Advisors grew its holdings in ITT by 1.9% during the 1st quarter. Nationwide Fund Advisors now owns 174,414 shares of the conglomerate’s stock valued at $7,154,000 after purchasing an additional 3,302 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in ITT by 4.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,033 shares of the conglomerate’s stock valued at $248,000 after purchasing an additional 277 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in ITT by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 31,084 shares of the conglomerate’s stock valued at $1,275,000 after purchasing an additional 400 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in ITT by 4.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 52,033 shares of the conglomerate’s stock valued at $2,133,000 after purchasing an additional 2,005 shares during the last quarter. Finally, State Treasurer State of Michigan grew its holdings in ITT by 0.8% during the 1st quarter. State Treasurer State of Michigan now owns 35,800 shares of the conglomerate’s stock valued at $1,469,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 93.06% of the company’s stock.

ITT has been the topic of several analyst reports. BidaskClub upgraded shares of ITT from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded shares of ITT from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Tuesday, July 18th. ValuEngine upgraded shares of ITT from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) downgraded shares of ITT from a “buy” rating to a “neutral” rating and cut their price target for the company from $46.00 to $43.00 in a report on Tuesday, June 6th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $49.00 price target on shares of ITT in a report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. ITT has a consensus rating of “Hold” and an average target price of $46.29.

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Shares of ITT Inc. (NYSE:ITT) opened at 40.08 on Friday. The firm has a 50-day moving average of $40.39 and a 200 day moving average of $40.33. ITT Inc. has a 52-week low of $32.46 and a 52-week high of $44.00. The stock has a market capitalization of $3.53 billion, a PE ratio of 17.16 and a beta of 1.46.

ITT (NYSE:ITT) last announced its quarterly earnings results on Friday, August 4th. The conglomerate reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. ITT had a net margin of 8.64% and a return on equity of 14.17%. The business had revenue of $630.90 million during the quarter, compared to analysts’ expectations of $628.65 million. During the same period last year, the business earned $0.67 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts forecast that ITT Inc. will post $2.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be given a dividend of $0.128 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, September 8th. ITT’s dividend payout ratio is presently 21.70%.

ITT Company 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.

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Institutional Ownership by Quarter for ITT (NYSE:ITT)

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