Trust Co. of Oklahoma reduced its stake in shares of ITT Inc. (NYSE:ITT) by 13.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 15,804 shares of the conglomerate’s stock after selling 2,452 shares during the period. Trust Co. of Oklahoma’s holdings in ITT were worth $635,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of ITT by 3.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,378 shares of the conglomerate’s stock worth $131,000 after buying an additional 120 shares in the last quarter. Timber Hill LLC bought a new stake in shares of ITT during the first quarter worth about $201,000. Coastline Trust Co bought a new stake in shares of ITT during the first quarter worth about $205,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of ITT during the first quarter worth about $214,000. Finally, Stephens Inc. AR bought a new stake in shares of ITT during the first quarter worth about $222,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Shares of ITT Inc. (NYSE ITT) opened at 41.41 on Tuesday. ITT Inc. has a 12-month low of $32.45 and a 12-month high of $44.00. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 19.08 and a beta of 1.47. The stock’s 50 day moving average price is $40.52 and its 200 day moving average price is $40.59.

ITT (NYSE:ITT) last released its quarterly earnings results on Friday, August 4th. The conglomerate reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $630.90 million during the quarter, compared to analyst estimates of $628.65 million. ITT had a return on equity of 14.17% and a net margin of 8.64%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. Equities research analysts expect that ITT Inc. will post $2.44 earnings per share for the current year.

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A number of equities research analysts have recently issued reports on ITT shares. BidaskClub cut ITT from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research lowered ITT from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Goldman Sachs Group, Inc. (The) lowered ITT from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $43.00 in a report on Tuesday, June 6th. ValuEngine raised ITT from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Stifel Nicolaus boosted their target price on ITT from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $46.57.

About ITT

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.

Institutional Ownership by Quarter for ITT (NYSE:ITT)

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