The stock last traded at $46.89 slightly over $43.98, the stock’s 50 day moving average and which is impressively higher than the 200 day moving average of $41.18. The 50 day moving average went up by +6.61% and the 200 day average went up by +13.87%. Trading volume for ITT Inc. was 598K by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 12.99% under the normal average daily volume.
Traders are feeling more bullish on the company recently if you evaluate the motion in short interest. The firm had a fall in short interest of -0.63% as of September 29, 2017 from the last reporting period. Short interest fell 8,385 over that period. The days to cover decreased to 3.0 and the short interest percentage is 0.02% as of September 29.
The following firms have recently changed their position in ITT. As of the end of the quarter Albert D Mason Inc had bought a total of 240 shares growing its stake by 0.6%. The value of the investment in (ITT) increased from $1,553,000 to $1,722,000 a change of 10.9% quarter to quarter. Farmers & Merchants Investments Inc grew its stake by buying 41,405 shares an increase of 57.9% in the quarter. Farmers & Merchants Investments Inc now controls 112,967 shares with a value of $5,001,000. The total value of its holdings increased 73.9%.
As of quarter end Seabridge Investment Advisors LLC had acquired 12,298 shares growing its holdings by 7.5%. The value of the investment in ITT went from $6,575,000 to $7,789,000 a change of $1,214,000 for the reporting period. As of the end of the quarter Baker Ellis Asset Management LLC had disposed of 200 shares trimming its position 0.8%. The value in dollars increased from $982,000 to $1,074,000 increasing 9.4% quarter over quarter.
The company is now down by 0.06% percent from yesterday’s close. Additionally the company announced a dividend for shareholders that will be paid on Friday the 29th of December 2017. The dividend payment will be $0.128 per share for the quarter which comes to $0.51 on an annualized basis. This dividend represents a yield of $1.10 which is the dividend as a percentage of the current share price. The ex-dividend date will be on Friday the 8th of September 2017.
The most current P/E ratio is 20.08 and the market value is 4.13B. As of the latest earnings report the EPS was $2.34 and is estimated to be $2.47 for the current year with 88,000,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.56 and the next full year EPS is anticipated to be $2.88.
ITT Inc., launched on January 1, 2016, is a manufacturer of engineered critical components and customized technology solutions for the energy, transportation and industrial markets. The Company operates through four segments: Industrial Process (IP), Motion Technologies (MT), Interconnect Solutions (ICS) and Control Technologies (CT). The Company manufactures components that are integral to the operation of systems and manufacturing processes in these markets. The Business’s brands include Goulds Pumps, Bornemann, Engineered Valves, Cannon, VEAM, BIW Connector Systems, KONI, Wolverine, Enidine, Environmental Control Systems and ITT..