Fort Washington Investment Advisors Inc. OH Invests $22.92 Million in ITT Inc (ITT) Stock
Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of ITT Inc (NYSE:ITT) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 474,917 shares of the conglomerate’s stock, valued at approximately $22,924,000.
A number of other hedge funds also recently made changes to their positions in ITT. Paradigm Asset Management Co. LLC purchased a new position in ITT during the third quarter valued at approximately $49,000. Advisors Asset Management Inc. grew its holdings in ITT by 297.7% in the fourth quarter. Advisors Asset Management Inc. now owns 1,559 shares of the conglomerate’s stock valued at $75,000 after purchasing an additional 1,167 shares during the period. Meeder Asset Management Inc. grew its holdings in ITT by 10.0% in the fourth quarter. Meeder Asset Management Inc. now owns 2,304 shares of the conglomerate’s stock valued at $111,000 after purchasing an additional 210 shares during the period. ETF Managers Group LLC grew its holdings in ITT by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 2,663 shares of the conglomerate’s stock valued at $129,000 after purchasing an additional 363 shares during the period. Finally, Bessemer Group Inc. grew its holdings in ITT by 593.9% in the third quarter. Bessemer Group Inc. now owns 2,831 shares of the conglomerate’s stock valued at $173,000 after purchasing an additional 2,423 shares during the period. Institutional investors own 92.32% of the company’s stock.
Shares of ITT opened at $53.16 on Monday. ITT Inc has a 12 month low of $44.89 and a 12 month high of $63.04. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.21 and a beta of 1.62.
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ITT, Inc engages in the provision of engineering and technology. Its activities include manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets. It operates through the following segments: Industrial Process, Motion Technologies, Interconnect Solutions, and Control Technologies.
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