ITT Inc. (NYSE:ITT) Director Orlando D. Ashford Sells 2,062 Shares

ITT Inc. (NYSE:ITT) Director Orlando D. Ashford sold 2,062 shares of the business’s stock in a transaction dated Tuesday, September 14th. The stock was sold at an average price of $90.00, for a total value of $185,580.00. Following the transaction, the director now directly owns 14,542 shares of the company’s stock, valued at approximately $1,308,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of ITT opened at $87.41 on Friday. ITT Inc. has a 1 year low of $57.13 and a 1 year high of $101.32. The stock has a 50 day simple moving average of $95.25 and a two-hundred day simple moving average of $93.02. The firm has a market cap of $7.53 billion, a P/E ratio of 118.12, a P/E/G ratio of 1.45 and a beta of 1.59.

ITT (NYSE:ITT) last announced its quarterly earnings data on Thursday, August 5th. The conglomerate reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.04. ITT had a return on equity of 15.86% and a net margin of 2.41%. The firm had revenue of $691.60 million during the quarter, compared to the consensus estimate of $644.43 million. As a group, equities research analysts anticipate that ITT Inc. will post 4.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 4th. Shareholders of record on Monday, September 13th will be given a $0.22 dividend. The ex-dividend date is Friday, September 10th. This represents a $0.88 annualized dividend and a yield of 1.01%. ITT’s payout ratio is currently 27.50%.

Several research analysts have recently commented on the company. Zacks Investment Research lowered ITT from a “buy” rating to a “hold” rating and set a $103.00 price objective for the company. in a report on Monday, August 9th. William Blair reissued a “market perform” rating on shares of ITT in a report on Friday, August 6th. KeyCorp boosted their price objective on ITT from $105.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, August 6th. Oppenheimer upped their target price on ITT from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, August 9th. Finally, TheStreet lowered ITT from a “b” rating to a “c+” rating in a research note on Friday, August 6th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ITT currently has an average rating of “Buy” and an average price target of $103.22.

Hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in ITT in the second quarter valued at approximately $25,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in ITT in the first quarter valued at approximately $30,000. KB Financial Partners LLC bought a new position in shares of ITT during the first quarter valued at approximately $36,000. Van ECK Associates Corp bought a new position in shares of ITT during the first quarter valued at approximately $42,000. Finally, Ceredex Value Advisors LLC bought a new position in shares of ITT during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

About ITT

ITT, Inc engages in the manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets. It operates through the following segments: Motion Technologies, Industrial Process, and Connect and Control Technologies. The Motion Technologies segment manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation.

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