Itt Inc. (ITT) Files Form 4 Insider Selling : Thomas M Scalera Sells 7,019 Shares

Itt Inc. (ITT): Thomas M Scalera , Executive VP & CFO of Itt Inc. sold 7,019 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $36.00 per share for a total value of $252,684.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 11, 2016, Denise L Ramos (CEO and President) sold 152,594 shares at $35.86 per share price.On Nov 3, 2015, Geraud Darnis (director) purchased 10,000 shares at $39.31 per share price.Also, On May 8, 2015, Thomas M Scalera (Senior VP and CFO) sold 8,868 shares at $40.86 per share price.On Feb 18, 2015, Munish Nanda (SVP & Pres., Control Tech.) sold 18,711 shares at $41.10 per share price.

ITT Corp: On Wednesday, May 25, 2016 heightened volatility was witnessed in ITT Corp which led to swings in the share price. The shares opened for trading at $35.54 and hit $36.12 on the upside , eventually ending the session at $36.02, with a gain of 1.92% or 0.68 points. The heightened volatility saw the trading volume jump to 5,80,978 shares. The 52-week high of the share price is $43.96 and the company has a market cap of $3,245 M . The 52-week low of the share price is at $29.15.

ITT Corp Money Flow Index Chart

On May 11, 2016, ITT Corp announced a cash dividend of $0.1240. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 1, 2016.

ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process Motion Technologies Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment and is a provider of plant optimization solutions and aftermarket services and parts. Motion Technologies manufactures brake components shock absorbers and damping technologies for the automotive truck and trailer public bus and rail transportation markets. Interconnect Solutions manufactures and designs a range of engineered connector solutions that makes it possible to transfer signal and power between electronic devices. Control Technologies manufactures equipment including actuation valves and noise and energy absorption components for the aerospace and defense and industrial markets.

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