ITT Inc. (NYSE:ITT) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co lowered its position in shares of ITT Inc. (NYSE:ITT) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,646 shares of the conglomerate’s stock after selling 351 shares during the quarter. CENTRAL TRUST Co’s holdings in ITT were worth $664,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. State Street Corp raised its holdings in shares of ITT by 1.1% during the third quarter. State Street Corp now owns 2,437,674 shares of the conglomerate’s stock valued at $364,457,000 after acquiring an additional 26,133 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of ITT by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,369,021 shares of the conglomerate’s stock valued at $204,736,000 after acquiring an additional 8,223 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of ITT by 4.3% during the third quarter. Westfield Capital Management Co. LP now owns 669,519 shares of the conglomerate’s stock valued at $100,100,000 after acquiring an additional 27,885 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in shares of ITT during the third quarter valued at approximately $67,503,000. Finally, Loomis Sayles & Co. L P raised its holdings in shares of ITT by 1.1% during the third quarter. Loomis Sayles & Co. L P now owns 381,580 shares of the conglomerate’s stock valued at $57,050,000 after acquiring an additional 4,271 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

ITT has been the subject of a number of analyst reports. TD Cowen upped their price target on ITT from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus dropped their price target on ITT from $180.00 to $179.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Wolfe Research initiated coverage on ITT in a research report on Wednesday, December 11th. They issued a “peer perform” rating for the company. Robert W. Baird dropped their price target on ITT from $165.00 to $163.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, Citigroup dropped their price target on ITT from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.13.

ITT Trading Down 1.8 %

Shares of ITT stock opened at $148.27 on Tuesday. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 1.81 and a beta of 1.41. ITT Inc. has a fifty-two week low of $118.58 and a fifty-two week high of $161.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.09 and a current ratio of 1.58. The stock has a 50 day moving average of $148.55 and a 200 day moving average of $144.65.

ITT Profile

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.