Mesirow Financial Investment Management Equity Management Sells 87,880 Shares of ITT Inc (ITT)

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Mesirow Financial Investment Management Equity Management trimmed its holdings in ITT Inc (NYSE:ITT) by 30.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 205,185 shares of the conglomerate’s stock after selling 87,880 shares during the period. ITT comprises about 1.3% of Mesirow Financial Investment Management Equity Management’s holdings, making the stock its 28th largest position. Mesirow Financial Investment Management Equity Management owned approximately 0.23% of ITT worth $9,904,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in shares of ITT by 180.6% in the third quarter. Assenagon Asset Management S.A. now owns 280,100 shares of the conglomerate’s stock valued at $17,159,000 after buying an additional 180,275 shares in the last quarter. Landmark Bank raised its holdings in shares of ITT by 16.3% in the fourth quarter. Landmark Bank now owns 44,433 shares of the conglomerate’s stock valued at $2,145,000 after purchasing an additional 6,212 shares during the last quarter. FMR LLC raised its holdings in shares of ITT by 14.2% in the third quarter. FMR LLC now owns 7,617,264 shares of the conglomerate’s stock valued at $466,635,000 after purchasing an additional 945,321 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of ITT by 2.5% in the third quarter. Arizona State Retirement System now owns 62,200 shares of the conglomerate’s stock valued at $3,810,000 after purchasing an additional 1,520 shares during the last quarter. Finally, American International Group Inc. raised its holdings in shares of ITT by 1.2% in the third quarter. American International Group Inc. now owns 178,069 shares of the conglomerate’s stock valued at $10,909,000 after purchasing an additional 2,165 shares during the last quarter. 92.32% of the stock is currently owned by hedge funds and other institutional investors.

NYSE ITT opened at $53.16 on Monday. ITT Inc has a 52-week low of $44.89 and a 52-week high of $63.04. The stock has a market cap of $4.66 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.21 and a beta of 1.62.

Several analysts have recently commented on ITT shares. Oppenheimer set a $68.00 target price on shares of ITT and gave the company a “buy” rating in a report on Tuesday, November 27th. Zacks Investment Research downgraded shares of ITT from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 target price on shares of ITT in a report on Wednesday, December 19th. ValuEngine downgraded shares of ITT from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $65.00 target price on shares of ITT in a report on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. ITT currently has an average rating of “Buy” and an average target price of $64.38.

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ITT Company Profile

ITT, Inc engages in the provision of engineering and technology. Its activities include manufacture and sale of engineered components and customized technology solutions in the field of energy, transportation, and industrial markets. It operates through the following segments: Industrial Process, Motion Technologies, Interconnect Solutions, and Control Technologies.

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Institutional Ownership by Quarter for ITT (NYSE:ITT)

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