Huntington National Bank held its position in ITT Corp. (NYSE:ITT) during the second quarter, Holdings Channel reports. The fund owned 23,991 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in ITT Corp. were worth $957,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new position in ITT Corp. during the second quarter worth $153,000. Creative Planning boosted its position in ITT Corp. by 10.5% in the second quarter. Creative Planning now owns 5,293 shares of the company’s stock worth $169,000 after buying an additional 501 shares during the last quarter. LS Investment Advisors LLC boosted its position in ITT Corp. by 72.5% in the second quarter. LS Investment Advisors LLC now owns 5,552 shares of the company’s stock worth $178,000 after buying an additional 2,333 shares during the last quarter. IBM Retirement Fund boosted its position in ITT Corp. by 0.4% in the second quarter. IBM Retirement Fund now owns 9,123 shares of the company’s stock worth $292,000 after buying an additional 34 shares during the last quarter. Finally, Oakbrook Investments LLC boosted its position in ITT Corp. by 6.9% in the second quarter. Oakbrook Investments LLC now owns 9,300 shares of the company’s stock worth $297,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 89.33% of the company’s stock.
ITT Corp. (NYSE:ITT) traded down 0.32% during mid-day trading on Tuesday, reaching $34.02. 551,362 shares of the company were exchanged. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 12.94 and a beta of 1.28. ITT Corp. has a one year low of $29.15 and a one year high of $40.52. The stock has a 50 day moving average of $35.24 and a 200-day moving average of $34.99.
ITT Corp. (NYSE:ITT) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. The firm had revenue of $626.20 million for the quarter, compared to analysts’ expectations of $620.12 million. ITT Corp. had a net margin of 9.49% and a return on equity of 16.02%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. On average, equities analysts expect that ITT Corp. will post $2.40 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be given a dividend of $0.124 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.46%. ITT Corp.’s payout ratio is currently 19.01%.
A number of research analysts have weighed in on the stock. KeyCorp reiterated a “sector weight” rating on shares of ITT Corp. in a research note on Wednesday, June 29th. Barclays PLC lowered their price target on shares of ITT Corp. from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Zacks Investment Research lowered shares of ITT Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Finally, Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of ITT Corp. in a research report on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $41.43.
About ITT Corp.
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.
Want to see what other hedge funds are holding ITT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ITT Corp. (NYSE:ITT).
Receive News & Ratings for ITT Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITT Corp. and related companies with MarketBeat.com's FREE daily email newsletter.