ITT Inc. (ITT) Position Held by Shufro Rose & Co. LLC
Shufro Rose & Co. LLC held its stake in ITT Inc. (NYSE:ITT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,342 shares of the conglomerate’s stock at the end of the second quarter. Shufro Rose & Co. LLC’s holdings in ITT were worth $536,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in ITT. Oregon Public Employees Retirement Fund raised its stake in ITT by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 31,084 shares of the conglomerate’s stock valued at $1,275,000 after buying an additional 400 shares during the period. Punch & Associates Investment Management Inc. raised its stake in ITT by 1.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 48,788 shares of the conglomerate’s stock valued at $2,001,000 after buying an additional 597 shares during the period. Russell Investments Group Ltd. raised its stake in ITT by 32.9% in the first quarter. Russell Investments Group Ltd. now owns 554,419 shares of the conglomerate’s stock valued at $22,743,000 after buying an additional 137,337 shares during the period. Janney Montgomery Scott LLC raised its stake in ITT by 4.8% in the first quarter. Janney Montgomery Scott LLC now owns 6,033 shares of the conglomerate’s stock valued at $248,000 after buying an additional 277 shares during the period. Finally, Baker Ellis Asset Management LLC raised its stake in ITT by 0.5% in the first quarter. Baker Ellis Asset Management LLC now owns 25,349 shares of the conglomerate’s stock valued at $1,040,000 after buying an additional 125 shares during the period. 95.19% of the stock is currently owned by institutional investors and hedge funds.
ITT Inc. (ITT) opened at 40.34 on Wednesday. The firm has a 50-day moving average price of $40.92 and a 200 day moving average price of $40.52. The company has a market capitalization of $3.55 billion, a P/E ratio of 17.28 and a beta of 1.47. ITT Inc. has a 52-week low of $32.46 and a 52-week high of $44.00.
ITT (NYSE:ITT) last posted its quarterly earnings data on Friday, August 4th. The conglomerate reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. ITT had a return on equity of 14.17% and a net margin of 8.64%. The firm had revenue of $630.90 million during the quarter, compared to analysts’ expectations of $628.65 million. During the same period in the prior year, the business earned $0.67 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts predict that ITT Inc. will post $2.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 11th will be issued a $0.128 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, September 8th. ITT’s payout ratio is currently 21.70%.
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Several research firms recently weighed in on ITT. BidaskClub lowered ITT from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Stifel Nicolaus raised their price objective on ITT from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Zacks Investment Research lowered ITT from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. ValuEngine raised ITT from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Goldman Sachs Group, Inc. (The) lowered ITT from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $46.00 to $43.00 in a research note on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.57.
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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