Running Oak Capital LLC Lowers Position in ITT Inc. $ITT

Running Oak Capital LLC lessened its holdings in shares of ITT Inc. (NYSE:ITT) by 8.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 101,662 shares of the conglomerate’s stock after selling 9,431 shares during the quarter. ITT comprises approximately 2.0% of Running Oak Capital LLC’s portfolio, making the stock its 7th biggest position. Running Oak Capital LLC’s holdings in ITT were worth $18,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of ITT during the second quarter valued at about $140,815,000. AQR Capital Management LLC grew its position in ITT by 47.4% during the 2nd quarter. AQR Capital Management LLC now owns 554,837 shares of the conglomerate’s stock worth $86,993,000 after purchasing an additional 178,539 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in ITT during the 2nd quarter valued at approximately $21,894,000. Invesco Ltd. increased its stake in ITT by 14.2% during the 2nd quarter. Invesco Ltd. now owns 1,094,750 shares of the conglomerate’s stock valued at $171,690,000 after purchasing an additional 135,768 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of ITT by 23.9% in the second quarter. Raymond James Financial Inc. now owns 590,874 shares of the conglomerate’s stock worth $92,667,000 after buying an additional 114,150 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ITT. Weiss Ratings reissued a “buy (b)” rating on shares of ITT in a report on Thursday, January 22nd. Stifel Nicolaus dropped their price target on ITT from $225.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Wall Street Zen cut ITT from a “buy” rating to a “hold” rating in a research note on Monday, January 19th. KeyCorp lifted their target price on ITT from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Citigroup increased their price target on shares of ITT from $207.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $206.25.

ITT Price Performance

Shares of NYSE ITT opened at $185.40 on Tuesday. The stock has a market capitalization of $15.95 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.64 and a beta of 1.37. ITT Inc. has a 12 month low of $105.64 and a 12 month high of $197.07. The firm’s 50 day simple moving average is $179.30 and its 200-day simple moving average is $176.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.52 and a quick ratio of 1.05.

ITT Profile

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.