ITT Inc (ITT) Position Reduced by Mesirow Financial Investment Management Equity Management

Mesirow Financial Investment Management Equity Management lowered its stake in shares of ITT Inc (NYSE:ITT) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 293,065 shares of the conglomerate’s stock after selling 26,265 shares during the period. ITT comprises 1.6% of Mesirow Financial Investment Management Equity Management’s portfolio, making the stock its 5th largest holding. Mesirow Financial Investment Management Equity Management owned 0.33% of ITT worth $17,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ITT. Oregon Public Employees Retirement Fund raised its position in ITT by 3.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 34,248 shares of the conglomerate’s stock worth $1,790,000 after acquiring an additional 986 shares during the last quarter. Arizona State Retirement System raised its position in ITT by 1.9% during the second quarter. Arizona State Retirement System now owns 60,680 shares of the conglomerate’s stock worth $3,172,000 after acquiring an additional 1,140 shares during the last quarter. Aperio Group LLC raised its position in ITT by 10.0% during the third quarter. Aperio Group LLC now owns 18,900 shares of the conglomerate’s stock worth $1,158,000 after acquiring an additional 1,722 shares during the last quarter. Jane Street Group LLC raised its position in ITT by 22.9% during the second quarter. Jane Street Group LLC now owns 11,059 shares of the conglomerate’s stock worth $578,000 after acquiring an additional 2,058 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in ITT by 3.6% during the second quarter. Mutual of America Capital Management LLC now owns 74,996 shares of the conglomerate’s stock worth $3,920,000 after acquiring an additional 2,592 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:ITT opened at $49.47 on Tuesday. The company has a market capitalization of $4.27 billion, a PE ratio of 16.88, a PEG ratio of 1.26 and a beta of 1.64. ITT Inc has a 1-year low of $46.05 and a 1-year high of $63.04.



ITT (NYSE:ITT) last posted its quarterly earnings data on Friday, August 3rd. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $696.80 million during the quarter, compared to analyst estimates of $685.80 million. ITT had a net margin of 7.02% and a return on equity of 15.40%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 earnings per share. Analysts forecast that ITT Inc will post 3.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 7th will be given a $0.134 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, December 6th. ITT’s dividend payout ratio is presently 20.85%.

A number of equities analysts have issued reports on the stock. Oppenheimer set a $60.00 target price on shares of ITT and gave the stock a “buy” rating in a research report on Tuesday, July 10th. Stifel Nicolaus boosted their price objective on shares of ITT from $59.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, August 6th. Seaport Global Securities reissued a “buy” rating and issued a $69.00 price objective on shares of ITT in a research report on Tuesday, August 7th. ValuEngine raised shares of ITT from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, UBS Group boosted their price objective on shares of ITT from $57.00 to $60.00 and gave the company a “sell” rating in a research report on Thursday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $66.13.

About ITT

ITT Inc manufactures and sells engineered critical components and customized technology solutions for the energy, transportation, and industrial markets worldwide. The company operates in three segments: Industrial Process, Motion Technologies, and Connect & Control Technologies. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization systems; and centrifugal pumps, vertical centrifugal pumps, twin screw and positive displacement pumps, and water systems, as well as aftermarket solutions, such as repairs and upgrades services.

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Institutional Ownership by Quarter for ITT (NYSE:ITT)

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