Mutual of America Capital Management LLC Lowers Stake in ITT Inc. $ITT

Mutual of America Capital Management LLC lowered its position in shares of ITT Inc. (NYSE:ITT) by 8.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,023 shares of the conglomerate’s stock after selling 3,115 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ITT were worth $6,439,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ITT. Financial Gravity Companies Inc. acquired a new stake in shares of ITT during the second quarter worth $27,000. True Wealth Design LLC lifted its position in ITT by 219.2% during the third quarter. True Wealth Design LLC now owns 166 shares of the conglomerate’s stock worth $30,000 after buying an additional 114 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in ITT in the 2nd quarter worth about $34,000. Quent Capital LLC purchased a new stake in ITT in the 3rd quarter valued at about $37,000. Finally, MTM Investment Management LLC acquired a new position in shares of ITT during the 2nd quarter valued at about $39,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

ITT Stock Performance

Shares of ITT stock opened at $180.81 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The company has a market cap of $15.56 billion, a PE ratio of 30.03, a P/E/G ratio of 1.65 and a beta of 1.37. The company’s fifty day simple moving average is $179.03 and its 200-day simple moving average is $175.46. ITT Inc. has a 52 week low of $105.64 and a 52 week high of $197.07.

ITT (NYSE:ITT) last announced its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.11. The firm had revenue of $999.10 million during the quarter, compared to the consensus estimate of $973.69 million. ITT had a return on equity of 18.96% and a net margin of 12.67%.The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 EPS. As a group, equities research analysts anticipate that ITT Inc. will post 6.51 EPS for the current year.

Wall Street Analyst Weigh In

ITT has been the topic of several research analyst reports. KeyCorp raised their target price on shares of ITT from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Citigroup lifted their price target on shares of ITT from $207.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Wall Street Zen cut shares of ITT from a “buy” rating to a “hold” rating in a research note on Monday, January 19th. DA Davidson reaffirmed a “buy” rating and issued a $215.00 target price on shares of ITT in a research report on Monday, December 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a research report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $206.25.

Insider Activity at ITT

In other ITT news, CAO Mesa Graziano Cheryl De sold 238 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $183.08, for a total value of $43,573.04. Following the completion of the transaction, the chief accounting officer owned 5,062 shares in the company, valued at $926,750.96. This represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emmanuel Caprais sold 5,500 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $185.23, for a total transaction of $1,018,765.00. Following the completion of the sale, the chief financial officer directly owned 36,830 shares of the company’s stock, valued at $6,822,020.90. This trade represents a 12.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.47% of the company’s stock.

About ITT

ITT Inc is a diversified industrial manufacturing company that designs, manufactures and services mission-critical components and systems for global markets. Its engineered solutions support applications in aerospace, defense, transportation, energy and industrial automation. The company focuses on delivering high-performance products that enable reliable fluid handling, precision motion control and robust connectivity in demanding environments.

The company’s operations are organized into three segments: Motion Technologies, which provides precision components and aftermarket repair services for aircraft engines and industrial turbines; Connect & Control Technologies, which offers specialty valves, couplings, seals and proximity sensors for fuel, hydraulics and environmental control systems; and Fluid & Motion Control, which delivers pumps, heat exchangers and fluid management solutions for oil and gas, chemical processing and power generation.