Twin Capital Management Inc. grew its holdings in shares of ITT Inc (NYSE:ITT) by 5.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 93,040 shares of the conglomerate’s stock after buying an additional 5,100 shares during the period. Twin Capital Management Inc.’s holdings in ITT were worth $5,700,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of ITT. FMR LLC boosted its holdings in shares of ITT by 17.4% during the 2nd quarter. FMR LLC now owns 6,671,943 shares of the conglomerate’s stock worth $348,743,000 after buying an additional 987,111 shares in the last quarter. Boston Partners bought a new position in shares of ITT during the 2nd quarter worth approximately $40,647,000. Canada Pension Plan Investment Board boosted its holdings in shares of ITT by 114.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 583,496 shares of the conglomerate’s stock worth $30,499,000 after buying an additional 311,700 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of ITT by 94.6% during the 2nd quarter. OppenheimerFunds Inc. now owns 516,914 shares of the conglomerate’s stock worth $27,018,000 after buying an additional 251,322 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of ITT during the 3rd quarter worth approximately $12,385,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Shares of NYSE:ITT opened at $55.16 on Thursday. ITT Inc has a twelve month low of $46.10 and a twelve month high of $63.04. The company has a market cap of $4.82 billion, a PE ratio of 21.30, a PEG ratio of 1.42 and a beta of 1.71.

ITT (NYSE:ITT) last issued its earnings results on Friday, November 2nd. The conglomerate reported $0.82 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $677.36 million. During the same period in the prior year, the firm earned $0.66 earnings per share. ITT’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts predict that ITT Inc will post 3.15 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders 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 dividend yield of 0.97%. The ex-dividend date is Thursday, December 6th. ITT’s payout ratio is 20.85%.

A number of research firms have issued reports on ITT. Zacks Investment Research upgraded ITT from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Wednesday, August 8th. ValuEngine cut ITT from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Oppenheimer restated a “buy” rating and set a $67.00 price target (up from $60.00) on shares of ITT in a report on Friday, August 3rd. DA Davidson set a $70.00 target price on ITT and gave the stock a “buy” rating in a research report on Monday, August 6th. Finally, KeyCorp upped their target price on ITT from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $66.38.

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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.

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Institutional Ownership by Quarter for ITT (NYSE:ITT)

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