Chartwell Investment Partners LLC lowered its position in ITT Inc. (NYSE:ITT) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 529,775 shares of the conglomerate’s stock after selling 13,711 shares during the quarter. ITT accounts for approximately 0.8% of Chartwell Investment Partners LLC’s holdings, making the stock its 11th biggest holding. Chartwell Investment Partners LLC owned 0.60% of ITT worth $23,453,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of ITT by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,940 shares of the conglomerate’s stock valued at $520,000 after buying an additional 56 shares in the last quarter. World Asset Management Inc increased its position in shares of ITT by 2.0% in the second quarter. World Asset Management Inc now owns 5,597 shares of the conglomerate’s stock valued at $225,000 after buying an additional 110 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of ITT by 2.4% during the second quarter. Stephens Inc. AR now owns 5,532 shares of the conglomerate’s stock valued at $222,000 after acquiring an additional 130 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of ITT by 2.6% during the second quarter. Synovus Financial Corp now owns 5,489 shares of the conglomerate’s stock valued at $222,000 after acquiring an additional 138 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of ITT by 3.6% during the second quarter. Teacher Retirement System of Texas now owns 7,197 shares of the conglomerate’s stock valued at $289,000 after acquiring an additional 249 shares during the last quarter. Institutional investors and hedge funds own 93.36% of the company’s stock.

In other ITT news, insider Denise L. Ramos sold 161,100 shares of ITT stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $50.14, for a total transaction of $8,077,554.00. Following the sale, the insider now directly owns 283,032 shares in the company, valued at approximately $14,191,224.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mary Elizabeth Gustafsson sold 5,000 shares of ITT stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $42.90, for a total value of $214,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 176,960 shares of company stock worth $8,845,462. Company insiders own 1.20% of the company’s stock.

ITT has been the topic of a number of analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $51.00 price objective on shares of ITT in a research note on Wednesday, October 4th. BidaskClub lowered ITT from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered ITT from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Seaport Global Securities reaffirmed a “buy” rating on shares of ITT in a research note on Monday, November 6th. Finally, KeyCorp reaffirmed a “buy” rating on shares of ITT in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $50.44.

ITT Inc. (NYSE ITT) traded up $0.24 during midday trading on Monday, hitting $51.36. The stock had a trading volume of 458,000 shares, compared to its average volume of 583,900. The firm has a market cap of $4,519.68, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.63 and a beta of 1.53. ITT Inc. has a fifty-two week low of $36.93 and a fifty-two week high of $53.00.

ITT (NYSE:ITT) last announced its earnings results on Thursday, November 2nd. The conglomerate reported $0.66 EPS for the quarter, beating the consensus estimate of $0.61 by $0.05. The business had revenue of $645.00 million for the quarter, compared to the consensus estimate of $605.06 million. ITT had a return on equity of 14.12% and a net margin of 8.29%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. research analysts forecast that ITT Inc. will post 2.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a dividend of $0.128 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.51 annualized dividend and a dividend yield of 1.00%. ITT’s payout ratio is currently 21.89%.

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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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