Chartwell Investment Partners LLC trimmed its holdings in shares of ITT Inc (NYSE:ITT) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 509,425 shares of the conglomerate’s stock after selling 14,397 shares during the quarter. ITT comprises about 0.9% of Chartwell Investment Partners LLC’s holdings, making the stock its 9th largest position. Chartwell Investment Partners LLC owned 0.58% of ITT worth $31,207,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of ITT by 1.3% in the 2nd quarter. BlackRock Inc. now owns 7,747,776 shares of the conglomerate’s stock worth $404,973,000 after purchasing an additional 100,364 shares in the last quarter. FMR LLC boosted its holdings in shares of ITT by 17.4% in the 2nd quarter. FMR LLC now owns 6,671,943 shares of the conglomerate’s stock worth $348,743,000 after purchasing an additional 987,111 shares in the last quarter. LSV Asset Management boosted its holdings in shares of ITT by 0.6% in the 2nd quarter. LSV Asset Management now owns 1,848,370 shares of the conglomerate’s stock worth $96,614,000 after purchasing an additional 10,200 shares in the last quarter. Paradice Investment Management LLC boosted its holdings in shares of ITT by 5.7% in the 2nd quarter. Paradice Investment Management LLC now owns 1,761,034 shares of the conglomerate’s stock worth $92,049,000 after purchasing an additional 95,191 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of ITT by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,625,729 shares of the conglomerate’s stock worth $84,977,000 after purchasing an additional 55,555 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Seaport Global Securities reissued a “buy” rating and issued a $69.00 target price on shares of ITT in a research note on Tuesday, August 7th. Zacks Investment Research raised ITT from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Wednesday, August 8th. KeyCorp boosted their target price on ITT from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Monday, August 6th. DA Davidson set a $70.00 target price on ITT and gave the company a “buy” rating in a research note on Monday, August 6th. Finally, Stifel Nicolaus boosted their target price on ITT from $59.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, August 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $66.38.

NYSE ITT opened at $55.16 on Thursday. ITT Inc has a 1-year low of $46.10 and a 1-year high of $63.04. The stock has a market capitalization of $4.82 billion, a PE ratio of 21.30, a P/E/G ratio of 1.42 and a beta of 1.71.

ITT (NYSE:ITT) last released its earnings results on Friday, November 2nd. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. ITT had a return on equity of 16.10% and a net margin of 7.80%. The company had revenue of $680.60 million during the quarter, compared to analyst estimates of $677.36 million. During the same quarter in the previous year, the company posted $0.66 EPS. ITT’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect that ITT Inc will post 3.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 7th will be given a dividend of $0.134 per share. This represents a $0.54 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, December 6th. ITT’s payout ratio is 20.85%.

COPYRIGHT VIOLATION WARNING: “Chartwell Investment Partners LLC Sells 14,397 Shares of ITT Inc (ITT)” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2018/11/15/chartwell-investment-partners-llc-sells-14397-shares-of-itt-inc-itt.html.

ITT Profile

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: Industrial Process, Motion Technologies, and Connect & Control Technologies. The Industrial Process segment designs and manufactures industrial pumps, valves, and plant optimization systems; and centrifugal pumps, vertical centrifugal pumps, twin screw and positive displacement pumps, and water systems, as well as aftermarket solutions, such as repairs and upgrades services.

See Also: Swap

Institutional Ownership by Quarter for ITT (NYSE:ITT)

Receive News & Ratings for ITT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITT and related companies with MarketBeat.com's FREE daily email newsletter.