Northern Trust Corp raised its stake in shares of ITT Inc (NYSE:ITT) by 0.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 706,165 shares of the conglomerate’s stock after purchasing an additional 1,016 shares during the period. Northern Trust Corp owned 0.80% of ITT worth $34,589,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Quantum Capital Management raised its position in ITT by 43.2% during the 1st quarter. Quantum Capital Management now owns 106,789 shares of the conglomerate’s stock worth $5,231,000 after purchasing an additional 32,197 shares during the last quarter. Paradice Investment Management LLC raised its position in ITT by 3.4% during the 1st quarter. Paradice Investment Management LLC now owns 1,665,843 shares of the conglomerate’s stock worth $81,543,000 after purchasing an additional 55,471 shares during the last quarter. Engineers Gate Manager LP raised its position in shares of ITT by 1,146.2% in the 1st quarter. Engineers Gate Manager LP now owns 59,580 shares of the conglomerate’s stock worth $2,918,000 after acquiring an additional 54,799 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of ITT by 13.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 597,973 shares of the conglomerate’s stock worth $29,289,000 after acquiring an additional 69,787 shares in the last quarter. Finally, Eaton Vance Management raised its position in shares of ITT by 811.7% in the 1st quarter. Eaton Vance Management now owns 764,779 shares of the conglomerate’s stock worth $37,459,000 after acquiring an additional 680,898 shares in the last quarter. 90.10% of the stock is owned by institutional investors and hedge funds.
In other ITT news, insider Denise L. Ramos sold 105,295 shares of ITT stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $52.74, for a total transaction of $5,553,258.30. Following the completion of the transaction, the insider now owns 359,400 shares in the company, valued at approximately $18,954,756. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victoria L. Creamer sold 7,640 shares of ITT stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $55.16, for a total value of $421,422.40. The disclosure for this sale can be found here. Insiders sold a total of 124,875 shares of company stock valued at $6,607,262 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.
Shares of ITT opened at $54.42 on Monday, Marketbeat Ratings reports. ITT Inc has a one year low of $38.29 and a one year high of $57.62. The stock has a market capitalization of $4.80 billion, a P/E ratio of 21.01, a PEG ratio of 1.61 and a beta of 1.55.
ITT (NYSE:ITT) last issued its earnings results on Friday, May 4th. The conglomerate reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. ITT had a return on equity of 14.98% and a net margin of 6.37%. The business had revenue of $689.30 million during the quarter, compared to analyst estimates of $680.75 million. During the same period in the previous year, the company posted $0.64 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. equities analysts anticipate that ITT Inc will post 3.1 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Monday, June 11th will be given a $0.134 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, June 8th. ITT’s payout ratio is 20.85%.
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.
Want to see what other hedge funds are holding ITT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ITT Inc (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.