ITT Corp (ITT) : Nuance Investments scooped up 96,104 additional shares in ITT Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 125,416 shares of ITT Corp which is valued at $3,970,671.ITT Corp makes up approximately 0.41% of Nuance Investments’s portfolio.
Other Hedge Funds, Including , Quantitative Systematic Strategies sold out all of its stake in ITT during the most recent quarter. The investment firm sold 36,327 shares of ITT which is valued $1,151,929.Meeder Asset Management Inc reduced its stake in ITT by selling 2,851 shares or 28.42% in the most recent quarter. The Hedge Fund company now holds 7,182 shares of ITT which is valued at $231,189. ITT Corp makes up approx 0.02% of Meeder Asset Management Inc’s portfolio. Donald L. Hagan sold out all of its stake in ITT during the most recent quarter. The investment firm sold 440 shares of ITT which is valued $14,164.
ITT Corp opened for trading at $33.31 and hit $33.925 on the upside on Monday, eventually ending the session at $33.85, with a gain of 1.62% or 0.54 points. The heightened volatility saw the trading volume jump to 11,01,913 shares. Company has a market cap of $3,033 M.
On the company’s financial health, ITT Corp reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.60. The company had revenue of $626.20 million for the quarter, compared to analysts expectations of $619.61 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on ITT Corp. ITT Corp was Resumed by KeyBanc Capital Mkts to “Sector Weight” on Jun 29, 2016. Company shares were Upgraded by Seaport Global Securities on Jun 10, 2016 to ” Buy”, Firm has raised the Price Target to $ 41 from a previous price target of $37 .
ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Companys 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.