Trust Co Of Oklahoma Lowers stake in ITT Corp (ITT)

ITT Corp (ITT) : Trust Co Of Oklahoma reduced its stake in ITT Corp by 37.79% during the most recent quarter end. The investment management company now holds a total of 25,180 shares of ITT Corp which is valued at $898,674 after selling 15,294 shares in ITT Corp , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.ITT Corp makes up approximately 0.50% of Trust Co Of Oklahoma’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co added ITT to its portfolio by purchasing 6,350 company shares during the most recent quarter which is valued at $226,632. ITT Corp makes up approx 0.03% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ITT by selling 27,468 shares or 74.86% in the most recent quarter. The Hedge Fund company now holds 9,225 shares of ITT which is valued at $334,037. Washington Trust Bank added ITT to its portfolio by purchasing 28 company shares during the most recent quarter which is valued at $1,014.

ITT Corp closed down -0.64 points or -1.76% at $35.69 with 4,83,529 shares getting traded on Friday. Post opening the session at $36.16, the shares hit an intraday low of $35.48 and an intraday high of $36.16 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, ITT Corp reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.60. The company had revenue of $626.20 million for the quarter, compared to analysts expectations of $619.61 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

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. Motion Technologies manufactures brake components shock absorbers and damping technologies for the automotive truck and trailer public bus and rail transportation markets. Interconnect Solutions manufactures and designs a range of engineered connector solutions that makes it possible to transfer signal and power between electronic devices. Control Technologies manufactures equipment including actuation valves and noise and energy absorption components for the aerospace and defense and industrial markets.

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