Crossmark Global Holdings Inc. reduced its position in ITT Inc (NYSE:ITT) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,910 shares of the conglomerate’s stock after selling 460 shares during the period. Crossmark Global Holdings Inc.’s holdings in ITT were worth $668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of ITT. Marshall Wace North America L.P. lifted its stake in shares of ITT by 149.8% in the 1st quarter. Marshall Wace North America L.P. now owns 3,300 shares of the conglomerate’s stock valued at $191,000 after purchasing an additional 1,979 shares during the period. FMR LLC lifted its stake in shares of ITT by 7.5% in the 1st quarter. FMR LLC now owns 6,606,274 shares of the conglomerate’s stock valued at $383,164,000 after purchasing an additional 458,175 shares during the period. First Trust Advisors LP lifted its stake in shares of ITT by 262.9% in the 1st quarter. First Trust Advisors LP now owns 49,852 shares of the conglomerate’s stock valued at $2,891,000 after purchasing an additional 36,114 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of ITT by 5.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 96,018 shares of the conglomerate’s stock valued at $5,569,000 after purchasing an additional 4,720 shares during the period. Finally, Retirement Systems of Alabama lifted its stake in shares of ITT by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 114,201 shares of the conglomerate’s stock valued at $7,478,000 after purchasing an additional 428 shares during the period. Hedge funds and other institutional investors own 89.61% of the company’s stock.
NYSE:ITT opened at $58.60 on Thursday. The company has a fifty day moving average of $58.88 and a two-hundred day moving average of $60.47. The stock has a market capitalization of $5.12 billion, a PE ratio of 16.71, a P/E/G ratio of 1.69 and a beta of 1.60. ITT Inc has a fifty-two week low of $44.89 and a fifty-two week high of $66.88.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $0.147 per share. This represents a $0.59 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, December 6th. ITT’s dividend payout ratio is presently 18.27%.
Several research firms recently issued reports on ITT. Oppenheimer set a $72.00 target price on shares of ITT and gave the company a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research upgraded shares of ITT from a “sell” rating to a “hold” rating and set a $63.00 target price for the company in a research note on Monday. Finally, ValuEngine cut shares of ITT from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. ITT has an average rating of “Hold” and a consensus price target of $65.80.
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: Motion Technologies, Industrial Process, and Connect & Control Technologies. The Motion Technologies segment manufactures braking pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, light- and heavy-duty commercial and military vehicles, buses, and rail.
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