Running Oak Capital LLC Has $18.17 Million Stock Holdings in ITT Inc. $ITT

Running Oak Capital LLC trimmed its position in ITT Inc. (NYSE:ITT) by 8.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,662 shares of the conglomerate’s stock after selling 9,431 shares during the period. ITT comprises 2.0% of Running Oak Capital LLC’s portfolio, making the stock its 7th biggest holding. Running Oak Capital LLC owned about 0.13% of ITT worth $18,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp grew its holdings in ITT by 202.8% during the third quarter. Atlantic Union Bankshares Corp now owns 648 shares of the conglomerate’s stock valued at $116,000 after purchasing an additional 434 shares during the period. Mawer Investment Management Ltd. lifted its position in shares of ITT by 23.6% during the 3rd quarter. Mawer Investment Management Ltd. now owns 402,919 shares of the conglomerate’s stock valued at $72,026,000 after buying an additional 76,841 shares in the last quarter. Transcend Capital Advisors LLC purchased a new position in shares of ITT during the 3rd quarter valued at about $219,000. Everhart Financial Group Inc. grew its stake in shares of ITT by 9.6% during the 3rd quarter. Everhart Financial Group Inc. now owns 8,269 shares of the conglomerate’s stock valued at $1,478,000 after acquiring an additional 726 shares during the period. Finally, AlphaQuest LLC increased its holdings in ITT by 708.3% in the 3rd quarter. AlphaQuest LLC now owns 23,448 shares of the conglomerate’s stock worth $4,192,000 after acquiring an additional 20,547 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

ITT Stock Performance

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

Analysts Set New Price Targets

ITT has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of ITT in a research note on Thursday, January 22nd. Stifel Nicolaus lowered their price objective on ITT from $225.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. KeyCorp increased their target price on ITT from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Wall Street Zen downgraded ITT from a “buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, DA Davidson restated a “buy” rating and issued a $215.00 price target on shares of ITT in a research note on Monday, December 8th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, ITT currently has an average rating of “Buy” and an average target price of $206.25.

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.